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.
Mayer Brown and Brick Court Chambers have won a victory that supports the Government’s actions over the collapse of Northern Rock in 2008.
A three-strong panel of the tax and chancery Upper Tribunal has decided that Northern Rock’s independent valuer had been correct to assign no value to the stricken bank’s shares. The decision meant that Northern Rock shareholders won no compensation when it was taken into public ownership.
Brick Court barristers Mark Howard QC, Martin Chamberlain and Jonathan Dawid were instructed by Mayer Brown partners Clare Canning and Simon Willis on behalf of the valuer Andrew Caldwell.
The case is one of the last handled by Canning, who recently left Mayer Brown to become general counsel at Ernst & Young (20 September 2011).
In the judgment, tax and chancery chamber president Mr Justice Warren, sitting with Judge Andrew Bartlett QC and Sandi O’Neill, ruled that although two private bidders had sought to acquire Northern Rock this did not mean Caldwell was wrong in his valuation.
The shareholders, led by hedge fund Harbinger Capital Partners, were represented in court by 3-4 South Square’s Mark Phillips QC and Blackstone Chambers’ Monica Carss-Frisk QC, instructed by Louise Verrill of Brown Rudnick. 3-4 South Square juniors David Allison and William Willson also appeared.