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.
Berwin Leighton Paisner (BLP) has settled out of court with one of its biggest clients Tesco after a dispute about the firm’s handling of a property deal.
The matter was handled mainly by both parties’ insurers. The case has been settled for a small sum believed to be far less than the £1m claimed by Tesco.
Tesco claimed it instructed BLP to stop property owner John Deveney from applying for planning permission to build another superstore on a nearby site. However, in 2002, Deveney received permission to build on the land he kept. As a result, a subsequent Tesco’s application was blocked and the supermarket chain claimed the land it paid £850,000 for in 1999 was significantly devalued.
On the surface, the claim appears to have done little to harm BLP’s relationship with Tesco. During the past year, BLP has advised on Tesco’s acquisition of the Cullens chain, a £650m sale and leaseback securitisation deal, and the purchase of 10 Safeway stores that WM Morrison had to divest after instructions from the Office of Fair Trading.
Tesco is currently managing a panel review of its outside law firms. BLP declined to comment.