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.
The settlement of Equitable Life's negligence claim against Ernst & Young (E&Y) meant that the legal world was denied a judgment on the thorny issue of auditors' liability. But the massive MAN v Freightliner case has turned up to fill that gap. MAN Group, represented by Slaughter and May and 7 King's Bench Walk's Dominic Kendrick QC, sued DaimlerChrysler subsidiary Freightliner for £350m in damages arising from losses made after the acquisition of truck manufacturer ERF from Freightliner forerunner Western Star. Freightliner, advised by Clifford Chance and 3 Stone Buildings' Geoffrey Vos QC, promptly attached E&Y to the claim as a Part 20 defendant, alleging that the auditor should have picked up on the fraudulent accounting of ERF's financial controller and was therefore liable. On 28 October, Lord Justice Moore-Bick said Freightliner's claims went far beyond the scope of E&Y's duties as auditor, and found that it had no duty of care to MAN and was not liable for the losses. It was another successful outcome for E&Y, which was represented by Linklaters and Four New Square head Justin Fenwick QC.