Travers Smith has been replaced by Signature Litigation on a €40m (£29m) professional negligence claim brought against Fried Frank Harris Shriver & Jacobson, it has emerged. A former client of the US firm, Fortelus Capital Management, alleges Fried Frank breached its duty over advice provided on the enforcement of a €20m commercial loan in Paris […]
Our exclusive report on the legal teams is the first of its kind. Using information from The Lawyer’s new data platform Lawyer Market Intelligence (LMI), we reveal the size of the in-house teams in the FTSE100, their advisers, deal activity, litigation activity and panel trends. You can see the extent to which in-house teams are contributing to their businesses by clicking on the links below.
DAC Beachcroft has announced a rise in turnover of 2 per cent, six months into the 2015/16 financial year, with revenue increasing from £98.8m to £100.8m. The results reflect a similar increase in turnover over the full 2014/15 financial year when revenue increased 3 per cent, from £194m to £200m. The unaudited results are the […]
Former Selborne Chambers head Romie Tager QC will likely see his £1.25m tax penalty cut following a judgment in the Upper Tribunal on Monday (14 December). Judge Colin Bishopp imposed the penalty in March, ruling on a case brought by HM Revenue & Customs (HMRC). Tager faced penalties of £75,000 for his “failure to comply […]
Clyde & Co has reported an 8 per cent rise in turnover at the half-year, as revenue rises for the first six months of 2015/16 from £178m to £192m. The results reflect a similar rise for the first half of the 2014/15 financial year when the firm saw turnover rise 5 per cent from £169m. […]
Many of us look forward to Christmas and the excitement it brings but this is not the case for everyone and even those of us who get swept up in the preparations, parties and entertaining can have a nagging sense of anxiety about a time of year when emotions can run high and the usual […]
Addleshaw Goddard has reached a settlement with Grant Thornton partners Nicholas Wood and Kevin Hellard, in their capacity as trustees of the estate of Boris Berezovsky, in a dispute over legal fees. In April 2015 Master Campbell handed down judgment against the trustees, ruling that they had to pay Addleshaws £12.6m in unpaid fees after […]
The number of lawyers working in FTSE 100 companies is now over 10,000, according to exclusive research from The Lawyer’s new data platform, The Lawyer Market Intelligence (LMI). The largest FTSE 100 in-house teams rival private practice law firms in terms of fee-earners. HSBC emerges as the company with the largest number of lawyers working […]
Banks are lending and rates have never been better, but overly cautious lawyers are still refusing to borrow. Many of the UK’s leading law firms are not putting debt on their balance sheets depite record low interest rates, solid deals markets and the continuing need to remain competitive. In contrast, some of the UK’s largest […]
Hays general counsel for UK and Ireland Evelyn Styles tells The Lawyer why she chose a role in-house over private practice. Did you start your career in-house? I trained at a small high street practice and it gave me first hand experience of dealing with all aspects of legal maters, such as contract and commercial […]
Clifford Chance client Barclays has settled a £50m Libor damages claim brought by Collyer Bristow client, Leeds storage company Rhino Enterprises. The settlement is the second high-profile deal made by Barclays in 18 months after the bank agreed to settle Libor and interest rate swap mis-selling claims brought by Guardian Care Homes last year. Barclays […]
Our exclusive report on the legal teams of the FTSE 100 is the first of its kind. Using information from The Lawyer’s new data platform Lawyer Market Intelligence (LMI), we reveal the size of the in-house teams in the top UK-listed companies, their advisers, deal activity, litigation activity and panel trends. It’s an important step […]