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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.
Herbert Smith has been ditched by the partners at the centre of Deacons’ successful Hong Kong court action against White & Case.
Former Deacons insolvency partners Mark Fairbairn and Edward Cairns are now being represented by Johnson Stokes & Master partner Nick Hunsworth. Hunsworth is also advising White & Case on the appeal against the Hong Kong High Court ruling.
A Herbert Smith source told The Lawyer that the partners’ decision to drop the firm was simply a way of cutting costs. “There was no point in spending money on two sets of lawyers,” he said.
However, Herbert Smith is still retained by Fairbairn, a former equity partner at Deacons, for the ongoing arbitration over a restrictive covenant relating to the 1999 merger agreement between Deacons and White & Case.
The court held in October that White & Case behaved illegally when it hired a rated restructuring team from Deacons.
It also ruled that White & Case encouraged Fairbairn and Cairns to breach their partnership contracts and persuade clients to move across with them to White & Case.