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Chambers Get In On The Salary Rush For Young Talent
While the spotlight has focused on the soaring salaries for newly qualified solicitors, top barristers' chambers in London have also begun advertising substantial compensation packages amid a talent shortage and growing demand for commercial litigation.
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In the past week, former lord chancellor Alex Chalk KC joined Jones Day's disputes practice, Jenner & Block recruited a seasoned investigations partner from Baker McKenzie to spearhead the launch of its public law practice and Mayer Brown scored its second partner from White & Case since the start of the year. Here, Law360 looks at those and more of the week's most notable lateral hires around the U.K.
Jones Day said Friday it has hired former justice secretary Alex Chalk KC as a partner in its London office, boosting its global disputes practice with both legal and political experience.
American vape maker NJOY convinced the Unified Patent Court on Friday to pull the plug on a vape device patent owned by its rival Juul in seven European countries, nixing one of several Juul patents NJOY is currently challenging.
An intellectual property group is urging the Unified Patent Court to clarify that parties' employees can act as representatives, expressing concern that a recent ruling has threatened in-house counsel's ability to appear at the court.
A judge ordered the ex-wife of solicitor imprisoned for defrauding investors on Friday to explain how she acquired a house in northwest England after granting the Serious Fraud Office its first-ever unexplained wealth order
Imprisoned oligarch Ziyavudin Magomedov's $14 billion claim against Transneft, Rostatom, TPG and others over an alleged Russian state-led conspiracy to strip his assets in two major port operators was struck out at a London court on Friday.
The Prudential Regulation Authority said Friday that it will delay the introduction of capital requirements for banks in the U.K. by a year until Jan. 1, 2027, to allow more time for clarity about implementation plans in the U.S.
Private equity heavyweight KKR & Co. Inc. plans to buy a stake in Dubai's Gulf Data Hub amid growing worldwide demand for platforms to support cloud connectivity and artificial intelligence, the companies said in a joint statement on Friday.
Apple's chief financial officer told a London antitrust tribunal Thursday that the profitability of the App Store could not be meaningfully measured as he gave evidence in a £1.5 billion ($1.8 billion) class action against the tech giant.
A Russian businessman urged Britain's highest court Thursday to overturn a government decision to detain his yacht in London in response to Russia's invasion of Ukraine, arguing that it was "simply unreasonable" to believe its seizure would pressure the Kremlin.