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.
Eversheds has settled a negligence claim brought against it by investment adviser and fund manager London & Capital.
London & Capital sued Eversheds for negligence last year after the company failed in its £220m attempt to acquire St James Capital's property portfolio. Eversheds was advising.
London & Capital lost a £300,000 'commitment sum' and claimed that Eversheds was responsible because it failed to act quickly enough.
The claim was issued last year, but the parties recently came to an amicable settlement which ended the legal proceedings.
Robert Chapman, Eversheds national professional indemnity partner, said: "Eversheds and London & Capital Group have settled the claim made by London & Capital Group with regard to the latter's deal with St James. This settlement is mutually agreeable to both parties and the matter is now closed.
"We're glad that an agreement could be reached without the need for further legal action."
Eversheds associate Nicola Kendall acted for the firm in the litigation, instructing Fountain Court Chambers junior Tom Keith.