The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Taylor Wessing and Barlow Lyde & Gilbert (BLG) have brokered an amicable settlement in relation to a pensions dispute between Crédit Lyonnais and Watson Wyatt.
The Crédit Lyonnais Group Management UK Pension Scheme filed a claim against Watson Wyatt in February, alleging that the actuaries had overstated the scheme's funding position.
The claim followed a February Court of Appeal judgment in a similar negligence action brought by Irish company Precis against actuaries William M Mercer, which ruled that the actuaries were not solely responsible for losses made in Precis' pension scheme.
Watson Wyatt instructed BLG partner Simon Konsta to defend the claim, while Crédit Lyonnais plumped for Taylor Wessing's Neil Smith, who has been advising the pension scheme trustees for several years.
The trial started in the High Court on 12 May and was listed for five weeks. But last Monday (16 May), the parties announced that the claim had been dismissed with no payment on either side.
Smith instructed Outer Temple Chambers' Andrew Spink QC, while 5 Stone Buildings' Andrew Simmonds QC represented Watson Wyatt.
Watson Wyatt is also celebrating the early dismissal of another negligence case brought against it by KPMG in relation to the collapse in 2001 of Lloyd's of London member Cotesworth Capital. In that case, CMS Cameron McKenna was instructed by the actuaries. SJ Berwin instructed on Jesta City acquisitionAshurst, Freshfields advise on gaming takeover A&O, CC take lead roles on 3i directory sell-off