The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Sheffield firm Ashton Morton Slack has been forced to repay £1.45m of the money it has made from representing sick miners.
The repayment is the result of a High Court ruling earlier this year that firms had been overpaid for processing claims.
However, the firm will offset the money against future miners' scheme-related earnings rather than pay it in a lump sum.
Partnership secretary Ian Mitchie said the firm had written a cheque for £1.45m, but then decided it was more cost-effective to earn nothing from future cases until it had repaid the debt.
"With interest rates as they are, we were looking at effectively paying £150,000 in interest as well," added Mitchie.
Last Friday (31 August) was the deadline for firms involved in the miners' litigation to decide whether to repay money owed in a lump sum or via the Department for Business, Enterprise & Regulatory Reform's offsetting scheme.