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.
RPC is preparing to bring a multi-million pound claim for Indian businessman Manmohan Varma against Britain’s richest man, Lakshmi Mittal, on a conditional fee arrangement (CFA).
The dispute between Varma and the ArcelorMittal CEO is set to be one of the biggest cases to hit the courts next year, with a two-week trial set down for March 2013 in the Commercial Court.
The case demonstrates firms’ continued willingness to act on CFAs. Addleshaw Goddard represented Russian oligarch Boris Berezovsky in his $5bn claim against Chelsea FC owner Roman Abramovich on a structured CFA (8 November 2010), eventually losing the case but billing its client £50m (22 October 2012).
Varma launched the claim against Mittal in 2011. He claims that Mittal reneged on an agreement to pay fees to Varma for helping secure a $115m investment in an oil deal with a former Nigerian president.
Mittal denies that the contract was ever made and that Varma had not played a causative role in brokering the deal.
RPC partner Tim Brown has instructed 4-5 Gray’s Inn Square’s Robert Griffiths QC and Anthony Dearing for Varma. Mittal is represented by Peters & Peters partner Jonathan Tickner, who has instructed 3 Verulam Buildings’ Paul Lowenstein QC and Serle Court’s David Drake.