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.
Mishcon de Reya has defeated a £6m negligence claim from businessman Robin Pesskin that has been dogging it for more than two years. Pesskin was the man who originally conceived the idea of developing shopping malls in NHS hospitals. He sued Mishcons for negligence over a contract it drafted for him when he attracted private equity investment into his company. The contract contained a 'flood the board' clause that allowed the private equity company Innisfree to oust Pesskin as a director, which it did in 1998. In his judgment, Mr Justice Etherton found that Mischons did not inform Pesskin of the meaning and consequences of the clause in writing. However, he accepted the firm's evidence that Pesskin preferred oral briefings to receiving letters. Following a BDO Stoy Hayward report into losses made by the company, the judge said: "The real or effective cause of the loss suffered by Mr Pesskin was the events and circumstances reported by BDO, and Mr Pesskin's participation in them, or responsibility for them." Barlow Lyde & Gilbert partner Richard Harrison and Four New Square's head of chambers Justin Fenwick QC won the case for Mishcons. Marshall Ross & Prevezer advised Pesskin, and instructed Jonathan Har-vie QC from Blackstone Chambers.