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.
Barclays has dropped the New York dispute against Bear Stearns that cost Linklaters its client relationship with JPMorgan.
Bloomberg reported that Barclays settled the case against former Bear Stearns hedge fund managers earlier this week.
JPMorgan, which bought Bear Stearns last year, booted Linklaters off its global panel in June 2008 after the firm continued to advise Barclays on the litigation against the collapsed investment bank. Linklaters US head Larry Byrne led the New York litigation team.
At the time around a fifth of Linklaters' global revenue came from 10 financial institutions, of which JPMorgan was one.
Barclays had alleged fraud, conspiracy and breach of fiduciary duty, claiming that Bear Stearns lied about the performance of one of two hedge funds that collapsed in 2007.
WilmerHale represented Bear Stearns while Hughes Hubbard & Reed advised former Bear Stearns executive Ralph Cioffi and Brune & Richard acted for fellow executive Matthew Tannin.
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