The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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 winding-up petition hearing involving Truro firm Follett Stock has been adjourned for three weeks following an initial hearing last week.
The firm now has a further three weeks to pay its outstanding debts to HM Revenue & Customs (HMRC) following the court’s decision to adjourn its hearing until October 21 2013.
The case was heard last Monday (30 September) at the Royal Courts of Justice after HMRC served Follett Stock with a winding-up petition over an unpaid debt (26 September 2013).
Sources close to the firm suggested it had not paid a VAT or income tax bill, though the debt may relate to both issues.
HMRC issued the claim on 19 August when a statutory demand – the first phase of proceedings to recover unpaid cash – was unsuccessful.
In anticipation of the hearing, the Cornwall Law Society had put together an action plan to help clients of firms affected by financial difficulties after the SRA revealed that 160 firms were in financial trouble (14 June 2013).
In August the firm settled claims of sexual harassment against managing partner Chris Lingard after solicitor Kate Baker accused him of bullying her while she worked at the firm. The matter was settled before it could progess to a full tribunal hearing (27 August 2013).