City litigators, almost universally, have been reporting an uptick in work over the past 12 months and now we know why: they’re all suing their lawyers.
In The Lawyer today, two firm versus lawyer disputes dominate the front page, with Clifford Chance threatening legal action against the four-partner funds team that defected to Weil Gotshal & Manges (see story) and a former Greenberg Traurig Maher partner instructing counsel against his old shop for, among other things, claims of unfair dismissal and disability discrimination (see story).
With impeccable timing, Bracher Rawlins partner Andrew Cromby wrote an instructive article detailing the draconian covenants that partners are often made to sign when joining a firm (see story).
Also topping the news agenda today is Halliwells. The failed firm’s administrators are going after the reverse-premium that was pocketed by the firm’s equity partners in 2007 as part of the firm’s deal to move into swanky new Spinningfields offices (see story).
Anyone with shares in eBay is probably looking at a bumper week.