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 nominal High Court damages award of £5 against City law firm Macfarlanes has been increased by the Appeal Court to £125,000.
The award to Titanic Investments stemmed from a claim over advice given by Macfarlane in respect of a £12m deal involving land at Waltham Chase, Twyford, near Winchester.
Land owners Alan Godsal and his wife, Lady Elizabeth Godsal, were awarded £250,000 in the High Court over the advice they received. But nominal damages were awarded to Titanic, who were nominees of the off-shore Godsal family trust, on the basis that any loss they suffered had not resulted from advice given by Macfarlanes.
However, in allowing the appeal and increasing Titanic's award to £125,000, Lord Justice Roch said in the Appeal Court that it was unrealistic to consider the position and likely behaviour of Titanic in isolation from that of the Godsals.