The Supreme Court has granted Freshfields Bruckhaus Deringer the right to challenge a Court of Appeal decision in the £14bn Mastercard class action. In April, The Lawyer reported that Quinn Emanuel Urquhart & Sullivan had secured a decisive victory after the appeals court overturned a previous decision. The Competition Appeal Tribunal (CAT) had previously sided […]
In one of the most significant follow-on damages cases this year, Quinn Emanuel Urquhart & Sullivan will have to wait longer than anticipated to defend a claim as a judge has adjourned the trucks dispute. The case, featured in The Lawyer’s Top 20 cases 2019, was due to be heard in the Competition Appeal Tribunal on June […]
Quinn Emanuel Urquhart & Sullivan has secured its most decisive victory to date in the £14bn Mastercard class action after the Court of Appeal overturned an earlier ruling in the case. The case will now be re-heard in the Competition Appeal Tribunal (CATf) which had previously sided with Mastercard’s lawyers at Freshfields Bruckhaus Deringer by […]
Clifford Chance, Freshfields Bruckhaus Deringer and Bird & Bird have acted in MasterCard’s takeover battle with Visa for UK fintech company Earthport. Through its £233m offer, Mastercard trumped rival Visa by a 10 per cent premium, which had put in a £198m offer in December. Clifford Chance M&A partner Lee Coney led for Mastercard, supported by head of […]
The Supreme Court has granted Freshfields Bruckhaus Deringer the right to challenge a Court of Appeal decision in the £14bn Mastercard class action. In April, The Lawyer reported that Quinn Emanuel Urquhart & Sullivan had secured a decisive victory after the appeals court overturned a previous decision. The Competition Appeal Tribunal (CAT) had previously sided […]
In one of the most significant follow-on damages cases this year, Quinn Emanuel Urquhart & Sullivan will have to wait longer than anticipated to defend a claim as a judge has adjourned the trucks dispute. The case, featured in The Lawyer’s Top 20 cases 2019, was due to be heard in the Competition Appeal Tribunal on June […]
Quinn Emanuel Urquhart & Sullivan has secured its most decisive victory to date in the £14bn Mastercard class action after the Court of Appeal overturned an earlier ruling in the case. The case will now be re-heard in the Competition Appeal Tribunal (CATf) which had previously sided with Mastercard’s lawyers at Freshfields Bruckhaus Deringer by […]
Clifford Chance, Freshfields Bruckhaus Deringer and Bird & Bird have acted in MasterCard’s takeover battle with Visa for UK fintech company Earthport. Through its £233m offer, Mastercard trumped rival Visa by a 10 per cent premium, which had put in a £198m offer in December. Clifford Chance M&A partner Lee Coney led for Mastercard, supported by head of […]
Judges in the Court of Appeal have adjourned a hearing in the £14bn consumer claim against Mastercard, meaning Freshfields Bruckhaus Deringer and Quinn Emanuel Urquhart & Sullivan may have to wait until next year to learn whether or not the case will proceed. The decision to adjourn was taken last week, with Lord Justice Patten understood to have […]
There’s no doubt that firms are using non-UK growth to power their global figures. Of the 35 Top 50 firms for which The Lawyer has historical global revenue data, all but four saw higher growth outside the UK in the five years since 2019. Included in this group is Herbert Smith Freehillls (HSF), where London remains […]
Which law firms are private equity houses looking to invest in? The answer, if the conversations we’re having with managing partners are anything to go by, is ‘pretty much all of them’. Most regional firms of note have had speculative approaches at some time in the last five years or so, as private equity gradually […]
Barclays’ legal team was once among the most influential in the UK. That power has diminished over the last decade, yet the banking giant still packs a punch when it comes to talent management. Some 40 lawyers are understood to have left Barclays in the UK last year. There are cost-cutting measures at play here, […]
Keystone Law, the poster child for the platform firm, is likely to break the psychologically important £100m revenue barrier in 2025. The success of this firm has spawned a new market, which is challenging traditional firms on the talent front. More than 3,500 lawyers now work across a variety of fee-sharing outfits, research from Atlas […]
Gibson Dunn & Crutcher, Gowling WLG and Norton Rose Fulbright’s London offices will all be under water in a few decades. This trio shares idyllic views overlooking the Thames, but they will all be submerged in the river by the year 2100 as climate change-induced sea level rises occur. And this is based on the […]
Litigation funders will be keeping a close eye on an upcoming review into third-party funding regulation, proposed caps on returns, as well as litigation costs. The Civil Justice Council is looking to produce a full report by the summer of 2025. The review follows an increased focus on litigation funders and their role in disputes, […]
In its largest promotions round ever, Ashurst has elevated eight London lawyers to partner out of 30 worldwide. The firm has made up eight lawyers in London, as well as seven in Sydney. In total, 17 promotions were made in Ashurst’s Australian offices, meaning just five were made outside of either London or Australia. Loans […]
Frustrated Solicitors Qualifying Examination (SQE) candidates are calling on the SRA to increase accessibility to the appeals process after a results error saw 175 candidates mistakenly told they had failed their exams. On Monday last week, the SRA announced that 175 candidates who sat SQE1 in January and were told they had failed on 14 […]
The administrators of collapsed firm Axiom Ince have filed a creditors’ bankruptcy petition against its former boss. Filed at the end of last week, the petition will seek to force Pragnesh Modhwadia’s bankruptcy, The Lawyer understands, applying to the court for his assets to be taken and sold to pay debts to the administrators. Pinsent Masons […]
Partnership promotions are continuing apace, with three City firms announcing a fresh new set of partners for 2024. Addleshaw Goddard has bumped up 26 lawyers this promotions round, which is the largest number of lawyers to make partner in one go in the firm’s history. The international firm’s partner count now stands at 429. Nine […]
