The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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.
It is understood that both Clydes and Parabis are among the firms that have pitched for panel places.
The Lawyer reported in 2011 that AIG was planning to introduce a panel in Europe, where its business was known at the time as Chartis (24 October 2011). It returned to the AIG brand last year.
The latest review is connected to the fact that AIG merged its European and UK businesses in December last year, transforming it into more of a Continent-wide operation. The review is being led by Emea general counsel Chris Newby.
The procurement style has seen the company issue the tender request bids from firms at a decreasing fee level in a bid to push down prices by encouraging undercutting.
The decision is likely to be related to the increased costs of using the road traffic accident (RTA) claims portal. The Ministry of Justice has introduced fixed costs of £800 for all RTA claims worth between £10,000 and £25,000, as well as between £900 and £1,600 for employer and public liability claims (14 March 2013).