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.
Competition lawyers have slammed the Office of Fair Trading (OFT) after it provisionally dropped a four-year, £1.5m cartel investigation into the telecoms market.
Addleshaw Goddard competition partner Edward Pitt, who represented the UK Cable Protection Committee (UKCPC), told The Lawyer the investigation was unnecessary and should have been dropped much sooner.
Pitt said: "If the OFT spent £1.5m on this investigation, you could multiply that by five for the companies that spent four years defending themselves against these allegations. This was a case that should not have taken four years for the OFT to drop. This same decision should have been made a year into the investigation.
"The real cost of such an unnecessary and long investigation is the economic inefficiency caused by business uncertainty, as well as the disruption of management time," Pitt concluded.
Last month, the OFT decided that the inquiry "no longer constitutes an administrative priority" and provisionally walked away from its investigation into a complaint by transatlantic cable-making company Cityhook that it was being unfairly boycotted by the UKCPC, whose members include BT, Cable & Wireless and Level 3.