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Pulse UK
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August 06, 2024
Irwin Mitchell Revamps Bonuses As Turnover Tops £300M
Irwin Mitchell said on Tuesday that it has revised its bonus scheme to motivate partners to perform as the firm reported that group turnover had exceeded £300 million ($380 million) for the first time and that pre-tax profits rocketed by 45%.
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August 05, 2024
Nondisclosure Led To 'Apparent Bias' In Nigeria Oil Case
A London court has ordered a tribunal to reconsider an arbitral award issued in a $2 billion case over a funding deal for Nigerian oil fields, ruling that a since-replaced arbitrator had wrongly failed to reveal the total extent of her relationship with Freshfields Bruckhaus Deringer LLP.
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August 05, 2024
McCarthy Tétrault Can't Prove Need For Partner Redundancy
A disputes partner at McCarthy Tétrault LLP has won his redundancy claim against the firm after it failed to convince an employment tribunal that it had to let him go because of diminishing arbitration and litigation work in its London office.
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August 12, 2024
Kirkland Hires M&A Pro From Latham For New Frankfurt Office
Kirkland & Ellis LLP said Monday that it has recruited the head of Latham & Watkins LLP's corporate practice in Europe as part of its plans to launch a new office in Frankfurt, the latest in a wave of high-profile departures from the German operations of the U.S. giant.
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August 12, 2024
Goodwin Adds Secondaries Partner From Dechert In London
Goodwin Procter LLP has tapped private investment funds partner Thiha Tun to work in its London office from Dechert LLP.
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August 05, 2024
White & Case Posts Nearly 90% Trainee Retention Rate In 2024
White & Case LLP said on Monday that it will end up keeping nearly 90% of its London trainees over the course of the year when the latest cohort qualifies in the fall, after it recently confirmed hefty salary increases for junior lawyers.
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August 12, 2024
Paul Hastings Hires Finance Pro From Weil In London
Paul Hastings LLP has recruited a structured finance partner and two other lawyers from Weil Gotshal & Manges LLP in London, the latest to move from its U.S. rival, as the firm boosts its services for clients in asset-backed finance transactions.
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August 02, 2024
Ogletree Opens 2nd German Office In Munich
U.S. law firm Ogletree Deakins Nash Smoak & Stewart PC has opened an office in Munich, its second in Germany, in a move to expand its legal services in Europe.
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August 02, 2024
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen insurance broker Marsh sue the collapsed Greensill Bank, the former chair of the Islamic Students Association of Britain pursue a defamation case against the Jewish Chronicle, Berkshire Hathaway and Lloyd's face action from a shipping company, and alleged fraudster Ronald Bauer hit a loan company with a claim. Here, Law360 looks at these and other new claims in the U.K.
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August 02, 2024
Post Office Probe Reveals Ethical Conflict Facing Lawyers
In-house and external lawyers who gave evidence during the most recent phase of the Post Office inquiry, which concluded on Wednesday, revealed widespread poor conduct by barristers and solicitors that contributed to a major miscarriage of justice.
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August 02, 2024
Tribunal Member Sanctioned For Calling Tories A 'Tumor'
A lay member of an employment tribunal has been issued with a formal warning, after he said on social media that the collective noun for Conservatives should be a "tumor."
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August 02, 2024
Eversheds Sutherland's Growth Slows As Revenue Hits £750M
Eversheds Sutherland International said on Friday that its revenue growth has slowed to a trickle, reaching just under £750 million ($956 million) for the last year as the business felt the impact of a challenging global economic climate.
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August 01, 2024
2023 Worst Year Yet For Cyberattacks On Law Firms: Study
Last year was the worst on record in terms of cyberattacks on law firms, according to an industry study published Thursday that found there were 45 known attacks, 1.6 million records affected and an average ransomware demand of $2.47 million in 2023.
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August 01, 2024
Mitsubishi, Mishcon Biz Launch Solicitor Training Program
One of Japan's largest lenders said Thursday that it has launched its first trainee solicitor program across the EMEA region, and the first cohort includes two apprentices from a social mobility program called Flex Trainees as the legal industry continues to make strides to diversify its intake.
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August 01, 2024
Meet 3 Legal Industry Pros At The Paris Olympics
Legal professionals who work or have worked at firms like Mayer Brown, Crowell & Moring and Pinsent Masons are participating in this year's Olympic Games as a runner, a field hockey player and a water polo referee.
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August 01, 2024
Law Firm, Partners Fined Over Misuse Of Client Cash
A law firm and two of its name partners have been fined a total of £36,000 ($46,000) plus costs after a tribunal found that they had used client funds to provide banking services rather than legal services and failed to have any anti-money laundering protections in place.
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August 01, 2024
White & Case NQs To Get 17% Hike In Salaries To £175K
White & Case LLP said Thursday that salaries for newly qualified solicitors in London will jump to £175,000 ($225,000), placing them among the highest earners in the City as U.S. firms continue to take the lead in big pay rises for junior lawyers.
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August 01, 2024
Signature Litigation Can't Stop Billionaire's £13M Fees Probe
A Georgian billionaire can challenge the £12.8 million ($16.4 million) that Signature Litigation LLP charged him for advice because the firm's invoices under a conditional fee agreement were not final, a London appeals court ruled Thursday.
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August 01, 2024
Cooley Taps New Leaders In London After Departures
Cooley LLP has appointed two senior capital markets and disputes specialists to lead its London base as the firm looks to bounce back after its former office chief moved with two other partners to Akin Gump Strauss Hauer & Feld LLP.
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July 31, 2024
Retired Couple Can't Duck Ex-Solicitor's Forex Deceit Win
A London appellate court ruled Wednesday that a financial advisor and his wife cannot escape liability to compensate a former lawyer over £500,000 ($642,135), after the appellate judge found they were partners in a now-defunct foreign exchange trading scheme.
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July 31, 2024
DMH Stallard Adds Tax Atty To London Practice
DMH Stallard LLP hired a tax attorney for its London office who spent more than a decade at HM Revenue & Customs working on compliance and policy, according to a news release.
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July 31, 2024
Rosling King's Defense Trimmed In Negligence Claim
A judge on Wednesday tossed out part of Rosling King LLP's defense to a negligence claim brought by a former client, finding the law firm could not challenge an earlier decision that a litigation strategy was bound to fail.
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July 31, 2024
Eversheds Sutherland Launches Arbitration Practice In Poland
Eversheds Sutherland has launched an arbitration and complex commercial disputes practice in its Warsaw, Poland, office, bringing over three attorneys previously with Kochanski & Partners to operate it.
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July 31, 2024
Ex-Fieldfisher Lawyer Says Sex Assault Claim Was Conspiracy
A former senior associate at Fieldfisher LLP sacked over sexual harassment allegations told a tribunal Wednesday that a "group of close friends" had conspired to falsely accuse him of sexually assaulting a co-worker in a toilet during a work event.
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July 31, 2024
Law Firm Fined £46K Over Failure To Implement AML Controls
A law firm has been fined more than £46,000 ($59,000) after it failed to implement effective controls to prevent the risk of being exposed to money laundering, the Solicitors Regulation Authority has said.