DLA Piper and HSF on call for Clydesdale in group action
DLA Piper and Herbert Smith Freehills have been called up to defend Clydesdale Bank against a slew of claims that allege it mis-sold loans to SMEs.
2019/20 financial results live blog: the latest news
Which firms have reported so far?
Orrick partner moves to Dentons after Moscow office closure
Dentons has brought in a new partner from Orrick Herrington & Sutcliffe, following the closing of the US firm’s office in Moscow at the end of 2017. Corporate partner Konstantin Kroll is leaving London to join Dentons’ Moscow office. Kroll spent over six years at Orrick, having joined its Russian base in 2014 as a […]
Linklaters and Milbank agree Visa fee settlement with WHSmith
Linklaters, Milbank Tweed Hadley & McCloy and Humphries Kerstetter have agreed to settle part of the Visa/Mastercard Interchange dispute involving stationery store WHSmith. WHSmith joined the raft of high street stores bringing allegations against Visa and Mastercard, accusing the pair of charging anti-competitive credit card fees. The Lawyer understands that the parties reached an out-of-court […]
Reed Smith handed mandate in £12m claim against Santander
Reed Smith is set to defend Santander in a potentially groundbreaking interest rate hedging product (IRHP) claim.
DLA Piper and HSF on call for Clydesdale in group action
DLA Piper and Herbert Smith Freehills have been called up to defend Clydesdale Bank against a slew of claims that allege it mis-sold loans to SMEs.
2019/20 financial results live blog: the latest news
Which firms have reported so far?
Orrick partner moves to Dentons after Moscow office closure
Dentons has brought in a new partner from Orrick Herrington & Sutcliffe, following the closing of the US firm’s office in Moscow at the end of 2017. Corporate partner Konstantin Kroll is leaving London to join Dentons’ Moscow office. Kroll spent over six years at Orrick, having joined its Russian base in 2014 as a […]
Linklaters and Milbank agree Visa fee settlement with WHSmith
Linklaters, Milbank Tweed Hadley & McCloy and Humphries Kerstetter have agreed to settle part of the Visa/Mastercard Interchange dispute involving stationery store WHSmith. WHSmith joined the raft of high street stores bringing allegations against Visa and Mastercard, accusing the pair of charging anti-competitive credit card fees. The Lawyer understands that the parties reached an out-of-court […]
HSF has sidestepped the talent wars
There’s no doubt that firms are using non-UK growth to power their global figures. Of the 35 Top 50 firms for which The Lawyer has historical global revenue data, all but four saw higher growth outside the UK in the five years since 2019. Included in this group is Herbert Smith Freehillls (HSF), where London remains […]
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 […]
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 […]
Don’t wait for the climate crisis to come to you
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 […]
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 […]
Post Office scandal sparks review of litigation funding
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, […]
Ashurst promotions: Eight City lawyers make the grade
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 […]
SQE shambles: Candidates lambast pricey appeals process
Frustrated Solicitors Qualifying Examination (SQE) candidates are calling on the SRA to increase accessibility to the appeals process after a results error saw 175 candidates mistakenly told they had failed their exams. On Monday last week, the SRA announced that 175 candidates who sat SQE1 in January and were told they had failed on 14 […]
Ex-Axiom Ince boss to face bankruptcy petition
The administrators of collapsed firm Axiom Ince have filed a creditors’ bankruptcy petition against its former boss. Filed at the end of last week, the petition will seek to force Pragnesh Modhwadia’s bankruptcy, The Lawyer understands, applying to the court for his assets to be taken and sold to pay debts to the administrators. Pinsent Masons […]
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