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.
Leading libel firm Peter Carter-Ruck and Partners is set to spark a huge upsurge in defamation cases against the media by announcing a new no win-no fee policy.
The firm, founded by the doyen of libel law, Peter Carter-Ruck, will this week announce that clients who begin defamation will not have to pay fees if they lose a case.
Rival solicitors admit they may have to follow suit in offering conditional fee arrangements for libel work, a concept that is already causing anguished debates in libel firms and chambers.
"I do think it is a selling point and I do think it will attract people to the firm as clients," said one lawyer.
However, Farrer & Co managing partner Robert Clinton questioned whether settlements such as a strong apology would constitute a win.
"How are they going to define what a win is at the outset, which will trigger the fee agreement," he said.
Peter Carter-Ruck's move is set to re-ignite the defamation industry that has been suffering a slowdown in recent years after the Court of Appeal cracked down on the lottery-sized libel awards of the early 1980s and 1990s.
Lawyers predict that many smaller claimants will try their luck under a new fast-track court system that limits libel awards to no more than £10,000. But at the top end of the market, richer and more prominent public figures who have traditionally sued are unlikely to be enticed by conditional fee arrangements.