DWF is challenging the jurisdiction of a claim against its client, the Serbian Orthodox Church, in a dispute brought over allegations of sexual abuse. London-based law firm Kesar & Co filed a lawsuit in the High Court against the church, seeking damages on behalf of six claimants over alleged sexual abuse by members of the […]
A High Court battle between Watchstone Group and Slater & Gordon has taken a further twist after the AIM-listed company filed a counterclaim against the Australian law firm. In 2017, Slater & Gordon, instructing CMS Cameron McKenna Nabarro Oslwang, served Watchstone with a £637m damages suit over a failed takeover of its professional services arm […]
Freshfields Bruckhaus Deringer has paid a €50m settlement to the administrators of an insolvent German bank, which was represented by Linklaters. Maple Bank’s liquidators CMS Hasche Sigle sued Freshfields in Frankfurt for €95m for its advice on so-called ‘cum-ex’-deals. The firm advised the bank in controversial share-swapping schemes that allegedly allowed investors to reclaim billions […]
Addleshaw Goddard will have to wait longer than anticipated for a follow-on damages claim brought against a group of envelope producers, as a judge has put a stay in one of the European proceedings. The dispute centres around two envelope manufacturers, who were fined in the European courts for rigging prices for their profit. This […]
DWF is challenging the jurisdiction of a claim against its client, the Serbian Orthodox Church, in a dispute brought over allegations of sexual abuse. London-based law firm Kesar & Co filed a lawsuit in the High Court against the church, seeking damages on behalf of six claimants over alleged sexual abuse by members of the […]
A High Court battle between Watchstone Group and Slater & Gordon has taken a further twist after the AIM-listed company filed a counterclaim against the Australian law firm. In 2017, Slater & Gordon, instructing CMS Cameron McKenna Nabarro Oslwang, served Watchstone with a £637m damages suit over a failed takeover of its professional services arm […]
Freshfields Bruckhaus Deringer has paid a €50m settlement to the administrators of an insolvent German bank, which was represented by Linklaters. Maple Bank’s liquidators CMS Hasche Sigle sued Freshfields in Frankfurt for €95m for its advice on so-called ‘cum-ex’-deals. The firm advised the bank in controversial share-swapping schemes that allegedly allowed investors to reclaim billions […]
Addleshaw Goddard will have to wait longer than anticipated for a follow-on damages claim brought against a group of envelope producers, as a judge has put a stay in one of the European proceedings. The dispute centres around two envelope manufacturers, who were fined in the European courts for rigging prices for their profit. This […]
In-house lawyers at one infrastructure services company have responded to a new telecoms code by establishing direct relationships with barristers.
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 […]
Talent churn is accelerating among the junior ranks with today’s associates more mobile than the generations before them. The concept of long-term professional loyalty is fading as Gen Z rises. These lawyers ask not what they can do for you, but what your firm can do for them. This generational shift in working attitudes is […]
The Supreme Court has upheld an anti-suit injunction against a Gazprom subsidiary, potentially halting €440m proceedings in Russia. The Gazprom part-owned special purpose entity, RusChemAlliance (RCA), had brought a damages claim against the bank UniCredit in Russia concerning an aborted contract following Russia’s invasion of Ukraine. UniCredit instructed Latham & Watkins in its pursuit of […]
CMS senior partner Penelope Warne has revealed her next steps ahead of her departure from the firm at the end of the month. After 10 years at the helm, Warne is spearheading a project that she founded at the World Bank, via her own company, which promotes the rule of law and access to justice, […]
Slaughter and May is to add another senior lawyer to its pensions team in the City, this time from Freshfields Bruckhaus Deringer. Charles Magoffin, a partner at Freshfields since 2010, is joining Slaughters as a senior counsel from September. Slaughters has still only ever made one lateral hire in the City, also into its pensions […]
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 […]
