The Holy See appears in the English courts for the first time The Vatican, Harrods, a mafia-hunting judge, and an alleged multimillion-pound fraud feature in this case. This Commercial Court dispute, starting Wednesday (26 June) for 14 days, sees the Holy See (the Catholic Church’s universal government) square off against management companies Athena Capital, WRM […]
The administrators of collapsed firm Axiom Ince are set to receive £3.3m after an order from the High Court on 12 June. Two companies owned by former Axiom Ince boss Pragnesh Modhwadia and his brother Uttam Modhwadia – Brockley Hill Ltd and Narya SVP No 4 Ltd – went into liquidation and administration respectively in […]
At The Lawyer Awards this week, seven teams were shortlisted for the Litigation team of the year prize. They were Quinn Emanuel Urquhart & Sullivan, Mayer Brown, Lewis Silkin, Mishcon de Reya, TLT, and joint entries from Browne Jacobson and Bevan Brittan, and Addleshaw Goddard and McDermott Will & Emery. While Addleshaws and McDermott, and […]
Welcome to The Hearing, your weekly insider’s guide to the UK litigation market. On Tuesday evening, around 1,000 people dressed in their finery descended on London’s Park Lane for the annual The Lawyer awards. The four awards dedicated to disputes lawyers celebrated litigation’s best performances over the past year, with Mishcon de Reya, Pallas Partners, […]
The Holy See appears in the English courts for the first time The Vatican, Harrods, a mafia-hunting judge, and an alleged multimillion-pound fraud feature in this case. This Commercial Court dispute, starting Wednesday (26 June) for 14 days, sees the Holy See (the Catholic Church’s universal government) square off against management companies Athena Capital, WRM […]
The administrators of collapsed firm Axiom Ince are set to receive £3.3m after an order from the High Court on 12 June. Two companies owned by former Axiom Ince boss Pragnesh Modhwadia and his brother Uttam Modhwadia – Brockley Hill Ltd and Narya SVP No 4 Ltd – went into liquidation and administration respectively in […]
At The Lawyer Awards this week, seven teams were shortlisted for the Litigation team of the year prize. They were Quinn Emanuel Urquhart & Sullivan, Mayer Brown, Lewis Silkin, Mishcon de Reya, TLT, and joint entries from Browne Jacobson and Bevan Brittan, and Addleshaw Goddard and McDermott Will & Emery. While Addleshaws and McDermott, and […]
Welcome to The Hearing, your weekly insider’s guide to the UK litigation market. On Tuesday evening, around 1,000 people dressed in their finery descended on London’s Park Lane for the annual The Lawyer awards. The four awards dedicated to disputes lawyers celebrated litigation’s best performances over the past year, with Mishcon de Reya, Pallas Partners, […]
Clash across the Atlantic as ING Bank takes on Bank of Utah Dutch multinational banking giant ING Bank has been hit with a new claim filed this week by the Bank of Utah (BoU), a community bank owned and operated in Utah, USA. BoU has instructed RPC, filing its claim in the Commercial Court last […]
To be in the global law market requires a strong City presence, of that there can be no doubt. The Lawyer’s US 50 report underscores just how vital London is; the multimillion-pound investments being made by US titans shows that growing in the City is not only advantageous, but essential. And yet. You might be surprised […]
$20m partners are rare, but they are multiplying. Paul Weiss, Kirkland, Davis Polk, Weil Gotshal and latterly Latham are reshaping their partner compensation for the big figure, stretched upwards from the $9m that Paul Weiss paid for Scott Barshay in 2016. As The Lawyer reported yesterday, even Cleary – Cleary! – is now considering it. […]
Power is largely siloed. When we look at the top 25 firms in The Lawyer’s UK200, partners drawn from the practices most identifiable with the firm’s culture almost always end up in the managing partner spot. There are two exceptions in Slaughters’ Deborah Finkler (disputes) and Pinsents’ Laura Cameron (health/safety), but firms have largely stuck […]
Every year we bid goodbye to famous old names from Britain’s legal scene. Whether by merger or misadventure in the last few years the likes of BLM, Coffin Mew, Ince, RadcliffesLeBrasseur and Taylor Vinters have made graceful or not-so-graceful exits from the ranks of the UK200. But every mighty tree that falls in the forest […]
If everyone puts their feet up for the rest of the year, Paul Weiss will feature above Covington, Morgan Lewis and Cleary Gottlieb in The Lawyer’s next iteration of its US 50 rankings based on headcount. That’s based on Paul Weiss’ current list of London lawyers, which numbers 117 when including some partners who are […]
Slaughter and May, Kirkland & Ellis and Paul Weiss Rifkind Wharton & Garrison have together banked nearly £25m on EP Group’s (EP) takeover of Royal Mail’s parent company, IDS. EP, owned by Czech billionaire Daniel Kretinsky, announced its intention to acquire IDS just over a month ago in May. The bid valued the distribution company […]
Taylor Rose MW has refreshed its leadership team with eight senior-level appointments including the firm’s first chief operating officer and first director of professional standards. The news follows what was a rocky 2023 for the firm after it launched a redundancy round last September to “carefully manage costs” in a difficult economic climate. According to […]
Stephenson Harwood’s revenue jumped by 16 per cent over 2023/24 to a record high figure of £264.2m. Alongside the revenue increase, the firm also saw a 10 per cent increase in net profit from £82.4m to more than £90m. The firm’s average profit per equity partner rose by 7 per cent from £725,000 to £775,000. […]
Macfarlanes has increased its pay for newly-qualified solicitors by £25,000, as UK firms respond to rates set by the magic circle last month. The City firm has upped pay for NQs from £115,000 to £140,000, a rise of nearly 22 per cent. This heaps pressure on firms that include Slaughter and May on £125,000 and […]
Perkins Coie is designing a training contract that aims to harness the flexibility of the Solicitors Qualifying Examination (SQE) and take up to a year off the traditional training contract route. The launch of a legal trainee programme in London is understood to have been signed off by the US firm and will be finalised […]