The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
A group of former shareholders in Lloyds TSB has turned to Winckworth Sherwood as it prepares to launch legal proceedings against the bank.
Lloyds Action Now (LAN) has been set up to seek compensation from Lloyds and HBOS directors over alleged losses they suffered following the former’s takeover of the latter.
The group said it was pursuing a number of possible legal actions after Lloyds directors admitted openly that the bank’s merger with HBOS, which was agreed in September last year, went ahead without reasonable due diligence.
After the merger Lloyds discovered toxic debts in HBOS’s accounts totalling £15.8bn. This caused the collapse of the bank’s share value and forced the Government to take up to a 70 per cent stake in the merged bank.
The Government then suspended all dividend payouts until its preference shares had been bought out.
In a statement the company said: “Possible causes of action include negligent misstatement by Lloyds directors in the merger prospectus, the withholding of information by HBOS directors, a judicial review of the Government’s conduct and a derivative action against Lloyds’s banking and accountancy advisors.”
The launch of LAN will coincide with the annual general meeting of Lloyds Banking Group tomorrow (5 June).