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.
C Hoare & Co, one of the City's oldest private banks, is pursuing Harbottle & Lewis head of broadcasting Medwyn Jones for £2.1m to pay off an overdraft taken out by Walker Martineau, the firm he left in 1992. Jones was one of 19 partners at Walker Martineau, which merged with Pennin-gtons in 2000, who underwrote a £1m overdraft facility taken out a month before he resigned in April 1992. Many of the ex-partners have settled up with C Hoare & Co, but Jones has refused, prompting the bank to sue him for the entire original overdraft plus interest of £298 a day. Under the rules of partners' joint and several liability, the bank can sue him for the entire overdraft, which is why it has chosen to do so. If Jones had settled he would have paid the bank around £55,000, but he has not done so because he claims the other partners agreed to take his name off the account when he resigned. "This is probably the worst thing that could happen to any partner who's left a law firm," said one solicitor close to the case. Jones, who is being represented by partner David Grant of Halliwell Landau, said he is serving his defence to the claim today (7 July).