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Nigerian Oil Spill Victims Can't Put Off Leigh Day Trial
A judge declined on Monday to adjourn the case of Nigerian villagers suing Leigh Day over the negotiation of a £55 million ($71 million) settlement with a Shell subsidiary, saying that the claimants had failed to explain why they were not ready on the first day of trial.
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Brodies LLP said Monday that its revenues had exceeded £114 million ($148 million) in its latest financial results, a record level of income stemming from strong performance in areas including banking and finance, corporate and commercial, and dispute resolution.
Baker McKenzie said Monday that it has increased newly qualified solicitors' salaries to £140,000 ($182,000), while Travers Smith LLP also confirmed a lucrative pay raise as law firms continue to flex their financial muscles to lure junior talent in London.
The publisher of the Daily Mail newspaper won its fight to dismiss a £100,000 ($129,800) libel claim by a green energy tycoon on Monday after a judge ruled that it was not "potentially viable" because it was over only part of an article.
A London court found on Monday that the Serious Fraud Office is not on the hook for the legal fees incurred by a former trader in biodiesel fuel after his trial, where he was acquitted of fraud charges, was delayed more than a year amid problems with disclosure.
AstraZeneca said Monday that it has successfully completed the approximately $1.05 billion acquisition of clinical stage biotechnology company Amolyt Pharma, which was guided by Freshfields, Jones Day and Cooley LLP, weeks after completing another $2.4 billion acquisition.
Poland's competition regulator said Monday that it has fined PayPal 106.6 million Polish złoty ($27.3 million) for using prohibited provisions in its user agreement that could lead to sanctions against users that are unpredictable.
The Court of Appeal's much-anticipated ruling in InterDigital and Lenovo's dispute over fair, reasonable and non-discriminatory licensing fees for standard-essential patents goes a ways to address inconsistencies and establish a middle course for rate-setting going forward, lawyers say.
Clyde & Co. LLP said Friday that its revenue grew by 10% over the past year to hit £845 million ($1.1 billion) following a period of sturdy client demand and the growth of its presence in Europe.
A London appeals court ordered Lenovo to pay $240.1 million to InterDigital on Friday for a license to use its standard essential patents covering wireless technologies, resolving a lengthy dispute over fair and nondiscriminatory license terms.
A Metropolitan police officer won nearly £37,000 ($48,000) in damages on Friday, with the Employment Tribunal deciding to compensate him for disability discrimination that caused him severe distress and "made his life intolerable."