Linklaters says ‘yes’ to 38 ideas to transform lawyers’ working lives
Since launching in January, Linklaters’ crowdsourcing platform has taken heed of 38 new ideas from staff to improve delivery, tech and efficiency worldwide.
The junior lawyer pay wars in seven charts
This summer has seen another round of big pay rises for newly qualified (NQ) solicitors: here’s the wider context.
Shoosmiths enlisted on collapse of LateRooms.com
Shoosmiths is acting on the collapse of package holiday companies Late Rooms and Super Break, after its parent company Malvern Group failed to secure a sale of the business. Manchester-based restructuring partner Sarah Teal is acting for KPMG, which has been appointed as administrator today, alongside senior associate Hollie Wrigley and Hannah Gaskell. The firm […]
Kirkland alumni club: Willkie secures double-partner hire in London
Willkie Farr & Gallagher has secured its long-awaited hire of two partners from Kirkland & Ellis, as they join former colleague Claire McDaid to expand its City private equity team. Gavin Gordon and David Arnold are to join Willkie in the City, following on from the firm’s hire of Dechert tax partner Jane Scobie last […]
Court of Appeal rejects subjective interpretation of unilateral notice
Court of Appeal sets out new test for rectification
Terra Firma has successfully upheld in the Court of Appeal the judgment it obtained from the High Court allowing rectification of the terms of a private equity financing transaction completed in 2012, concerning the Four Seasons care homes business. The Court of Appeal’s judgment is now the leading decision in this complex but important area […]
Supreme Court clarifies the scope of Article 24 of the Recast Regulation
On 29 July 2019, the Supreme Court handed down judgment in Akçil & ors v Koza Ltd & anr [2019] UKSC 40. The decision represents the culmination of almost three years of litigation on jurisdiction. In 2016, Koza Altin, a Turkish company, served notices under the Companies Act 2006 upon Koza Ltd, an English company and Koza Altin’s […]
Successful dismissal of appeal by Lehman Brothers administrators
The Supreme Court handed down judgment in HMRC v Joint Administrators of Lehman Brothers International (Europe) (in administration) [2019] UKSC 12 on 13 March 2019. Malcolm Gammie QC appeared for Her Majesty’s Revenue & Customs with Catherine Addy QC. The issue before the Supreme Court was whether the estimated £5billion of statutory interest that was payable under […]
Standard Life Aberdeen – successful outcome in arbitration
An arbitral tribunal established in respect of the dispute between the Standard Life Aberdeen (“SLA”) and Lloyds Banking Group / Scottish Widows (“LBG”) has ruled in favour of SLA. In particular, the tribunal ruled that LBG was not entitled to give notice, on 14 February 2018, to terminate the investment management agreements in respect of […]
VAT grouping and claims for reimbursement of unlawfully charged VAT
By Ian Glick, Adam Rushworth The Court of Appeal has today unanimously dismissed appeals by various appellants in a number of proceedings heard together which raised issues about the entitlement to recover unlawfully charged VAT from HMRC in the context of the UK’s VAT grouping provisions. In particular, the appeals concerned who was entitled to bring […]
Linklaters says ‘yes’ to 38 ideas to transform lawyers’ working lives
Since launching in January, Linklaters’ crowdsourcing platform has taken heed of 38 new ideas from staff to improve delivery, tech and efficiency worldwide.
The junior lawyer pay wars in seven charts
This summer has seen another round of big pay rises for newly qualified (NQ) solicitors: here’s the wider context.
Shoosmiths enlisted on collapse of LateRooms.com
Shoosmiths is acting on the collapse of package holiday companies Late Rooms and Super Break, after its parent company Malvern Group failed to secure a sale of the business. Manchester-based restructuring partner Sarah Teal is acting for KPMG, which has been appointed as administrator today, alongside senior associate Hollie Wrigley and Hannah Gaskell. The firm […]
Kirkland alumni club: Willkie secures double-partner hire in London
Willkie Farr & Gallagher has secured its long-awaited hire of two partners from Kirkland & Ellis, as they join former colleague Claire McDaid to expand its City private equity team. Gavin Gordon and David Arnold are to join Willkie in the City, following on from the firm’s hire of Dechert tax partner Jane Scobie last […]
Close Brothers ends search for new GC with RateSetter hire
The general counsel of peer-to-peer lending start-up RateSetter has left the business to join merchant bank Close Brothers. Angela Yotov will take on the general counsel role at the bank in early August, replacing incumbent Elizabeth Lee, who will retire as the company’s legal head at the end of July. Lee joined Close Brothers as […]
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Former Twenty Essex barrister rejoins set after offshore stint
Commercial set Twenty Essex Street has hired a barrister from Walkers to add to its civil fraud and asset tracing team. Sarah Tresman has spent three years as a litigation lawyer in the Cayman Islands. Previously she was a barrister at Twenty Essex for seven years, where she began her career. She returns to the […]
Hogan Lovells lands role on British Steel’s rescue talks with Turkish bidder
Three months after British Steel was placed into compulsory liquidation, two firms are leading on the proposed purchase of the business.
A&O to lose fraud head to Milbank’s expanding City office
Milbank Tweed Hadley & McCloy has made its second hire from Allen & Overy in 2019, recruiting the firm’s head of fraud to lead a new group in its City office. Mona Vaswani, who is also the head of firm’s UK banking, finance and regulatory litigation practice, will join Milbank after spending 26 years at […]
LLP accounts: White & Case growth slows after years of expansion
White & Case’s UK and Africa staff numbers went down by 2 per cent over 2018, its accounts have revealed, after a six-year period of rapid growth across both jurisdictions. Over 2018, the firm’s employee headcount dropped from 633 to 619, with a fall in both fee-earner and non fee-earner numbers. The average number of […]
The speed read: Reynen Court arrives; Goodwin keeps hiring and Burford’s IPO dilemma
It’s been a week that litigation funder Burford Capital would rather forget, while legal tech providers have flocked to offer services on the new “one stop” solution for the industry. Here are the key takeaways. Reynen Court’s one-stop shop still has much to prove Reynen Court, the platform claiming to be a “one-stop” tech solution […]
Fieldfisher’s top of equity soars to over £4m
Fieldfisher‘s top of equity has seen a record-breaking rise in the financial year 2018/19, growing by 34 per cent from the previous year’s £3.2m, The Lawyer has learned. The firm’s equity spread last year ranged from £250,000 to the new high of £4.3m, creating a considerable differential. The record rise comes as the previous year […]