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.
Latvia's prime minister is under attack from his opposition over the size of a Clifford Chance bill.
Andris Berzins has insisted that he will not allow the argument about the firm's fees to destabilise the government, but a row is raging in the country.
It centres on the firm's work for the government in a case against Tilts Communications (TC). The dispute concerns TC's compensation demand for Latvia's decision to cut short telecom group Lattelekom's monopoly period, in which TC is a major shareholder.
Latvia claims TC did not comply with the conditions of the umbrella agreement.
The local press reported that Clifford Chance billed $9m (6.3m), although sources say that is probably too high. The bill was described as "shocking" and "inappropriately large" by the opposition. Head of the Latvian Privatisation Agency Janis Naglis, who agreed to pay the bill, has now had his right to sign financial documents suspended by the opposition's minister of the economy, Aigars Kalvitis.
Latvia has a coalition government, with the prime minister and Naglis both members of Latvia's Way Party and the minister of the economy a member of the People's Party.
Clifford Chance was unable to comment. White & Case is representing TC.