Eversheds partner Andrew Henderson has said that the final word on banking conducts remains with the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), despite the launch of the UK Banking Standards Council. Henderson said: ‘The contents of the Banking Standards Review are not unexpected and its aims laudable. The extent to which […]
Conyers Dill & Pearman has provided Cayman legal advice to Adenium Capital on a $26m (£15m) solar investment by Adenium and Bright Group Investments in Jordan. Adenium is an investment company specialising in the investment in and development of clean energy and alternative-energy-related sectors. Fawaz Elmalki of Conyers’ Dubai office advised on the matter, working […]
Addleshaw Goddard’s former employment head, client relationship manager and the mastermind of the transaction services offering, Andrew Chamberlain, is to join DWF as employment head. The shock move comes just days after the firm voted in John Joyce as managing partner (16 May 2014) succeeding Paul Devitt who stood down from the role a year […]
Today’s Supreme Court whistleblowing decision not only paves the way for partner-level whistle-blowing claims to be levelled at firms for the first time but poses further questions on the employment status of partners, employment lawyers say. The Supreme Court ruled this morning that LLP members are protected by whistle-blowing legislation paving the way for the first […]
The Financial Conduct Authority (FCA) has won its appeal against the stay in the high-cost fraud trial known as Operation Cotton, with the Court of Appeal (CoA) ruling that proceedings should resume. In a judgment handed down this morning (21 May) Sir Brian Leveson, the president of the Queen’s Bench Division, sitting with Lord Justices […]
Hill Dickinson has posted a 0.4 per cent increase in turnover to £111.9m for 2013/14 from £111.5m in the previous year. The firm is yet to release details of its profitability for the latest financial year but in 2012/13 Hill Dickinson reported a 15 per cent drop in average profit per equity partner (PEP) to […]
Misys chief of staff Tom Kilroy says lawyers have a lot to learn from their accountancy counterparts when it comes to pleasing clients. In 2011, the Big Four “accountancy” firms reported revenues of $29.2bn (PWC), $28.8bn (Deloitte), $22.9bn (E&Y), $22.7bn (KPMG). The world’s largest law firm reported revenues of $2.1 billion (Baker & McKenzie). Okay, […]
The Supreme Court has ruled that LLP members are protected by whistle-blowing legislation paving the way for the first whistle-blowing case against a law firm. Former Clyde & Co partner Krista Bates van Winkelhof alleged that she was ejected from the firm after blowing the whistle on alleged bribery and corruption by Kibuta Ongwamuhana, the […]
A solicitor jailed for 21 months following US bribery charges has been struck off by the Solicitors Disciplinary Tribunal (SDT) and ordered to pay £7,000 costs. The SDT found that Jeffrey Tesler’s actions “constituted a failure to act with integrity and a failure to uphold the confidence the public has in the profession” following his […]
DLA Piper partner Nick West has apologised for failing to uphold professional standards after being found to have exchanged sexist emails with Premier League chief executive Richard Scudamore in revelations last week. Following a review into the incident a DLA Piper spokesperson said: “We have concluded that there was a failure to meet the high […]
The Financial Services Compensation Scheme (FSCS) is on track to rack up £30m in legal fees after instructing Herbert Smith Freehills (HSF) to recoup money it paid out following the collapse of the Keydata investment scheme. The FSCS has been pursuing 820 financial advisers firms for £75m of the £400m it paid out in customer […]
The University of South Wales has launched its inaugural panel after it was created following the mergers of Glamorgan and Newport universities last year. The university, now the sixth largest in the UK with around 33,000 students, has appointed Hugh James, Morgan Cole, Veale Wasborough Vizards, Capital Law and Clarkslegal to its roster. It is not […]