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.
Eversheds is facing a High Court professional negligence claim from property development company JMH Acquisitions.
The company has instructed Blackstones Solicitors’ senior partner Rajendra Mashru to pursue the firm for £200,000, which it claims was lost when Eversheds allegedly failed to adequately advise it on the purchase of an industrial unit in Bolton.
According to the claim form, the firm failed to check the existence of any public right of way that would affect the value of the property.
The company claims that after the property had been purchased, and the firm’s legal bill paid, it discovered a footpath running across the land. It contends the property would not have been bought if the firm had told it about the path.
JMH states that the value of the property fell sharply because of the path. As a result it claims it is owed £200,000 compensation, plus a refund of its legal costs.
The number of claims being pursued against firms has risen in the past six months as clients look to recoup losses spinning out of the recession.
Last month (The Lawyer, 31 July) Fladgate Fielder agreed to settle a £7.8m fraud claim brought against it by collapsed dotcom company Izodia.