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An exhaustive analysis of the UK market including every firm in the top 200 ranked, analysed and benchmarked, UK chambers ranked by turnover, revenue per barrister and which international firms are most active in the UK.
Herbert Smith has been ditched by the partners at the centre of Deacons’ successful Hong Kong court action against White & Case.
Ex-Deacons insolvency partners Mark Fairbairn and Edward Cairns are now being represented by Johnson Stokes & Master partner Nick Hunsworth, who is also advising White & Case on the appeal against the Hong Kong High Court ruling.
A Herbert Smith source said the decision to drop the firm was simply a way of cutting costs. “There was no point in spending money on two sets of lawyers,” he said.
However, Fairbairn has retained Herbert Smith for the ongoing arbitration over a restrictive covenant relating to the 1999 merger agreement between Deacons and White & Case.