Gazprom

Supreme Court tells Gazprom subsidiary to halt UniCredit claim

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 […]

money cash spending

PE acquirers should target these three firms

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 […]

The Hearing: How lawyers are preparing for new Rwanda litigation

Welcome to this week’s edition of The Hearing, your insider’s guide to the UK litigation market. As the Lords and the Commons finally settled on the new Safety of Rwanda (Asylum and Immigration) Bill in the early hours of Tuesday morning, attention began to shift to how the Government planned, both practically and legally, to […]

Penelope Warne

CMS’s outgoing senior partner to join World Bank

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, […]

Tax advice

Womble Bond Dickinson faces negligence claim over £126m project

Womble Bond Dickinson is facing a multimillion-pound negligence claim filed by former clients over a failed real estate redevelopment project in Kensington. The claimants, businessman Kristian Siem, property developer Steven Wake and his company Chapters, were advised by WBD senior counsel (then partner) Robert Drewett in their redevelopment project in 2017. They allege that the […]

money cash spending

PE acquirers should target these three firms

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

Who’s in and who’s out at Barclays

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, […]

The platform firm has moved mainstream

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 […]

Analysis

Beyond the Bubble: Inside Brabners’ new strategy

North West: As revealed in The Lawyer on Tuesday, Brabners has kicked off a new three-year strategy. The last one certainly paid dividends, and newly-reelected managing partner Nik White was in ebullient spirits when he talked to Beyond the Bubble earlier this week. “It’s the power of 24,” he says cryptically, before explaining that “it […]

Latest Lateral Hires

Freshfields partner to join Slaughters’ pensions team

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 […]

Latest Opinion

Money group

Costs management: firms need to do better

Costs management has been in place for nearly 11 years now. Few commercial litigators have expressed much love for it but last year’s report of the Civil Justice Council’s costs working party made clear that it is not going anywhere. Headed by Lord Justice Birss, the deputy head of civil justice, it said costs budgeting […]

In-house

“Being thoughtful about career decisions doesn’t mean you have to know what you want to do next”

Name: Shikha Sethi Organisation: Ontario Teachers’ Pension Plan Role: Director & Legal Counsel, EMEA Based: London Trained at: Allens (Sydney, Australia) Year qualified: 2012 What’s your most vivid memory from being a trainee? Making my first court appearance to request a stay of proceedings. I spent the entire morning nervously rehearsing the three sentences I […]

BT tower

BT adds magic circle firm to 11-strong panel

BT has further shrunk its panel for the third review in a row having appointed a total of 11 firms to its roster. The panel will run for three years and includes 10 firms that have been reappointed from 2020.   Those continuing their relationship with BT after the latest review are the likes of Allen […]

barclays

Barclays exodus: 44 lawyers leave as strategic overhaul kicks in

Barclays lost 44 lawyers in its legal team over 2023, almost four times the average number of leavers across the UK’s top banks. The banks with the second highest number of leavers is tied between HSBC and NatWest, with 12 lawyer exits each, according to indicative data. On the other end of the scale, Royal […]

Zurich

UBS and Zurich swap lawyers in new secondment scheme

Two Swiss powerhouses have collaborated to offer their in-house legal teams a two-way secondment programme. Private bank UBS and insurer Zurich Insurance have agreed to swap two secondees each for a three-month placement. Intakes happen in the spring and autumn of each year, meaning that four secondment swaps occur per year. The programme is spearheaded […]

Latest Litigation Tracker News

Claim Spotter: Ryanair takes on air traffic control

Ryanair launches fresh battle for the skies Budget air travel behemoth Ryanair launched a part 7 claim against the UK’s air traffic control operator, NATS (National Air Traffic Services) in the Commercial Court on Friday (19 April). The part 7 claim, which seeks monetary redress for claimed damages, is set to tackle “general commercial contracts […]

PhosAgro

The Hearing: PhosAgro could be one of the last oligarch showdowns

Welcome to this week’s edition of The Hearing, your weekly insider’s guide to the UK litigation market. This week, the UK Government wants more people to say they’re sorry, while we consider Monckton Chambers’ strange collection of celebrity tenants. But first, Monday saw the opening day of another Russian oligarch mega-battle in London’s Commercial Court. […]

Talent

“My hardest career question to date: “Are you happy?””

Name: Paddy Linighan Organisation: Clyde & Co Role: Chief Sustainability Officer Based: London Trained at: Robson Rhodes Chartered Accountants Year qualified: 1990, ACA, ICAEW What’s your most vivid memory from being a trainee? I pursued an accountancy training contract not because I wanted to be an accountant per se, but to see and experience how […]

“Being thoughtful about career decisions doesn’t mean you have to know what you want to do next”

Name: Shikha Sethi Organisation: Ontario Teachers’ Pension Plan Role: Director & Legal Counsel, EMEA Based: London Trained at: Allens (Sydney, Australia) Year qualified: 2012 What’s your most vivid memory from being a trainee? Making my first court appearance to request a stay of proceedings. I spent the entire morning nervously rehearsing the three sentences I […]

“Sometimes specialising opens up more doors than it closes.”

Name: Matthew Merkle Organisation: Paul Weiss Rifkind Wharton & Garrison Role: Partner and head of European capital markets Based: London Trained at: N/A (US-qualified lawyer) Year qualified: 2009 What’s your most vivid memory from being a trainee/pupil? As a junior associate in New York, my most vivid impression was a sense of being overwhelmed by […]