Clyde & Co litigator Julian Connerty has exited for Signature litigation over conflict issues related to RBS’s £4bn shareholder battle.
Connerty said the principal claimant in the mammoth case – which is bringing £1.2bn of claims – approached Clydes for representation twice but was turned down because of its major clients “that are insurers for RBS and other banks”.
“In my last 18 months at Clydes I turned down two or three big possibilities including RBS because I was acting for insurance clients who didn’t want to see us on the wrong side of a claim,” Connerty said.
His departure follows a string of losses from Clydes’ corporate team.
A colossal group of lawyers are gearing up to fight the shareholder banking case next year.
Herbert Smith Freehills, representing RBS, is expected to run up more than £90m in costs.
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| Wragge Lawrence Graham & Co – Insolvency litigation briefing, Sept 2015: how a preference of director unravelled; and more |
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| Khaitan & Co – India: dissent over eligibility for export incentives |
| Stewarts Law – VW under £5bn litigation cloud |
| Shepherd and Wedderburn – Are programmes and contracts like chalk and cheese? |
