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Linklaters faces £115m Credit Suisse claim over Parmalat advice

The Supreme Court refused permission to appeal in Levicom, so the case is due to go back to Andew Smith J for a quantum trial. As for shopping for QC advice, I infer from the article above that the letter of claim must have "name-dropped" the redoubtable trio of Sumption, Howard and Adam (why else would the article mention them?). Litigators tend not to name-drop the name(s) of counsel in correspondence unless the barristers concerned have advised favourably and (normally) have approved the final draft of the letter mentioning their names. I suspect all three of them have advised and have advised favourably, If they have, CS are clearly not sparing the horses in terms of costs!

11-Feb-2011

5:57 pm