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.
More than 400 claimants have settled a mis-selling claim against Equitable Life because of the financial complexities of the case.
The 407 claimants, who had an average age of 74, alleged Equitable Life sold them life insurance annuities between 1990 and 2000 but failed to explain the risks involved with the financial product.
They also claimed the insurer failed to explain the risk of being dependent for their income on Equitable Life’s with-profits fund and the weaknesses of that fund.
The group action was due to be heard in the High Court later this month (28th January).
Clarke Willmott established a special purpose company, Equitable Life Trapped Annuitants, to handle the claims.
Financial services litigation partners Robert Morfee and Paul Chapman led the action with support from commercial dispute resolution partners, William Whiteley, Michael Clarke and senior associate Owen Williams.
Lovells partner Alibhe Edgar acted on behalf of Equitable Life.