It is almost a year to the day since Cobbetts called in administrators KPMG to put it on the path to administration. It had been a long time coming. It seems now that the administration process isn’t running as smoothly as expected. KPMG has requested another six months to finalise the process, in a move […]
Clyde & Co’s LLP members more than halved their capital contributions to the firm last year, from £18m to £6.7m, according to accounts filed today with Companies House. It was a good year to be a Clyde & Co partner – the firm added 39 members over 2012/13 and raised the discretionary profit share by […]
KPMG has applied to extend the administration period for collapsed Manchester firm Cobbetts by six months, a report by KPMG reveals. The administration was scheduled to automatically end on 5 February 2014 unless the joint administrators could not complete their objectives. The filing, published today (22 January 2014), reveals that the joint administrators’ have requested for […]
The Ministry of Justice (MoJ) fined Capita £46,139 for fatal flaws in its court interpreter service between May 2012 and November 2013. A National Audit Office report published today reveals that the MoJ withheld the maximum amount of payments from Capita since it took over the estimated £90m contract in 2011. Individual judges also filed […]
Freshfields has advised the Guardian Media Group in its £600m sale of a 50.1 per cent stake in Trader Media Group (TMG) to Apax Partners. Corporate partner Simon Marchant led the deal to sell its remaining stake in the business to joint partner Apax, which bought 49.9 per cent of TMG in 2007. The former […]
Barclays’ vice president for wealth and investment management has returned to his former outfit Tods Murray after two years in-house. Iain Wishart rejoins the Scottish firm as head of its real estate finance team after leaving two years ago for the London-based position at Barclays. He replaces outgoing partner Roddy Maclennan. His return to private practice marks Wishart’s […]
Law firms named for allegedly not obtaining indemnity insurance have attacked the profession’s regulator – with some understood to be considering legal action – claiming the process was unfair and slapdash. The Solicitors Regulation Authority published last week a list of 136 firms that had allegedly not obtained insurance by the SRA’s end-of-year deadline and […]
HMRC’s new partnership tax rules are creating headaches for law firms. Some, such as Trowers and Kennedys, have already moved to put plans in place, but many are still dithering. Salaried and fixed-share partners will want to read our articles very closely; the deadline is looming. Danger, tax change ahead First wave of HMRC consultations […]
The co-head of Herbert Smith Freehills’ (HSF) advocacy unit Murray Rosen QC has retired from the firm to return to the bar, The Lawyer can reveal. His resignation comes weeks after the firm hired Maitland Chambers’ silk Tom Leech QC (9 January 2014) in what marked a rare silk hire for the firm. Rosen insisted […]
Brick Court Chambers has added a high-profile South African barrister involved in writing South Africa’s constitution in 1996. Silk Jeremy Gauntlett SC joins the set at the beginning of the year after an illustrious career in UK and Southern African law. The silk has been acting for Zimbabwean commercial farmers who lost their land under […]
And so the firm has launched a representative office in the city that doesn’t sleep, keen to be king of the hill and top of the heap (quite the challenge). The firm said the office would support its international network, which has expanded rapidly across Latin America since the merger between legacy Beachcroft and legacy […]
DLA Piper has released the 20 January 2014 issue of its Health Alert, which focuses on judgments, legislation and reports in the health sector. If you are registered and logged in to the site, click on the link below to read the DLA Piper briefing. If not, please register or sign in with your details […]