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Slaughters advises on Barings damages claim

A trial date has been set for the Barings case in which the former bank is seeking damages of u1bn from its auditors. The case will take place in early 2001 at London’s High Court, five years after the bank collapsed with losses of u860m run up by rogue trader Nick Leeson. Michael Brindle QC […]

This week

Insurance lawyers are attending an international reinsurance conference in Monte Carlo from Sunday until Thursday, called Le Rendez-Vous de Septembre and run by a commercial organisation of the same name. It is described by one insurance lawyer as “the yearly bunfight of insurers, insurance hangers-on and acolytes”.

Quote of the week

“Their application to the court looks like a script for Who Wants to be a Millionaire.” – Elan Steiberg of the World Jewish Congress on the news that some lawyers were charging up to £437 an hour for work on the class-action suit brought by victims of the Holocaust against Swiss Banks. One lawyer reportedly […]

Masons adds to IT department

London firm Jeffrey Green Russell (JGR) is losing a corporate and commercial information technology partner to Masons. Jon Fell joins Masons’ IT department this week, with the aim of improving the group’s e-commerce focus. Masons’ IT partner Clive Seddon says: “IT is very much a focus of this firm and he did not feel it […]

Sydney firms get chance to float on stock market

The Australian legal market is facing a radical over-haul that will allow firms to abolish traditional partnership structures and float on the stock market. The New South Wales Law Society, which regulates Sydney firms, is expected to introduce new rules this week. They will allow firms to incorporate share profits with other professionals and raise […]

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