Latest news and analysis from Litigation Tracker, including In Court this Week and Judgments of Note.
Listed firms once claimed to be pioneering a new style of firm. But the four outfits currently in this misshapen gang (and former members DWF and Ince Group), have had their fair share of shakes and wobbles. They must satisfy two distinct audiences. On one hand there are equity partners, and on the other the […]
If you haven’t got a head of sustainability, you’re increasingly in the minority. For the last three years, law firms have been jumping on this trend: since 2021, no fewer than 27 firms have appointed a sustainability or ESG leader. Looking at where all these green gurus have come from is an interesting exercise in […]
Law folklore dictates that any indication of a transactional slowdown will see a growth in contentious business. But despite economic fragility, partner hiring has favoured corporate and finance stars rather than litigators for much of 2023. The US firms are, as always, to blame for this. Indicative data from Atlas by Codex Edge shows that […]
Today would have been deadline day for Allen & Overy (A&O). You’ll recall that earlier this month (9 November), the firm was targeted by a cyber-attack. This, it said, was “a data incident impacting a small number of storage servers”. In contrast, the Russian LockBit ransomware group that claimed responsibility, and which is understood to […]
The elite US firms are reshaping the City landscape with their demands for climate-friendly Grade A space. Rents are rising too; a top floor at some of London’s newest buildings commands rents above £100 per sq ft – compare that with Glasgow where occupier adviser DeVono put prime rents at £36 per sq ft earlier […]
Hogan Lovells has secured a victory for the London Metal Exchange (LME) after US-based hedge fund Elliott Associates and energy trading company Jane Street Management brought a novel judicial review that sought damages for cancelled nickel trades. On 8 March, an unprecedented spike in the price of nickel during the early hours of trading drove […]
Solicitors are not yet being asked to contribute more to the legal regulator’s compensation fund, despite it already receiving claims worth £33m following the collapse of Axiom Ince. There had been speculation that the Solicitors Regulation Authority (SRA) might need to impose a one-off levy on members to deal with the influx of claims. However, […]
Addleshaw Goddard partners have voted for the firm’s Middle East head to take over from managing partner John Joyce next year. MENA region head Andrew Johnson will step up to the role on 1 May 2024. Based in the UAE, Johnston has spent 10 years at the firm after two years as a partner at […]
US giants are considering whether to match a compensation scale set by Cravath Swaine & Moore last night. McDermott Will & Emery and Paul Hastings have both said they will offer its associates the same salaries as Cravath. This means that the firms’ most junior lawyers in the US will pick up $225,000, while those […]
Four core firms have won places on the inaugural legal panel of Laser Digital, a digital asset business backed by Nomura. The company has named Allen & Overy, Simmons & Simmons, Ashurst, and Jones Day to its roster. Ehsan Haque, head of legal and compliance UK at Laser Digital, ran the panel process with input […]
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