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.
After a year in court already, Liquidators of BCCI v Bank of England promises to continue to be a major focus for litigators in 2005.
The case has already broken several records. Last year Gordon Pollock QC, the head of Essex Court Chambers and lead counsel for BCCIs liquidators Deloitte, not only received a record brief fee of 3m, but also managed to enter the record books with a 79-day opening statement, the longest ever opening speech before an English court.
On Deloittes behalf and with a vast supporting cast including Matrix Chambers Clare Montgomery QC Pollock is attempting to establish that the Bank of England "knowingly or recklessly" failed in its supervision of BCCI, the former Middle Eastern bank.
But it is the opposition that is claiming first blood: the Bank of Englands lead counsel Nicholas Stadlen QC, of Fountain Court Chambers, announced in court that Deloitte had effectively dropped its claim that the bank should have revoked BCCIs licence. This means just one main claim the Bank of Englands decision to grant a licence is left outstanding.
The case, which is due to finish in the autumn, will contain lots of legal lessons. But one that has emerged already, and which is definitely worth a study, is the House of Lords decision in November to keep communications between lawyers involved in the case subject to legal privilege.