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.
Russell Jones & Walker has written to the Lord Chancellor claiming that the new discount rate in personal injury (PI) cases which he set last week is inaccurate.
The managing partner of the firm's London PI department Paul Kitson has written to the Lord Chancellor alleging that his calculations were based on incorrect data. Kitson has also written to the Government actuary Chris Daykin and the Treasury as he believes Lord Irvine failed in his statutory duty under the Damages Act 1996 to consult firms when fixing the discount rate. Lord Irvine set the discount rate at 2.5 per cent, while lawyers and accountants claim the rate is between 1.5 per cent and 2 per cent after tax. The alleged anomaly means that a five-year-old cerebral palsy victim who expects up to £3m in damages may lose out on £400,000. A police officer or fire fighter owed £200,000 in compensation could lose out on roughly £40,000.