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Pulse UK
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December 20, 2024
Osborne Clarke Pro Fined £50K Over Zahawi Libel Letter
A tribunal fined an Osborne Clarke LLP partner who represented Nadhim Zahawi £50,000 ($62,700) on Friday for trying to stop a blogger revealing that the former chancellor was contemplating libel action over allegations of dishonesty in his tax affairs.
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December 20, 2024
Ex-Axiom Ince Execs Hit With Fraud Charges Over Collapse
The Serious Fraud Office charged five former Axiom Ince leaders with fraud on Friday over the collapse of the law firm with a £65 million ($81 million) hole in its client accounts.
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December 19, 2024
Gateley Denies Blocking Ex-CEO From Meat Biz Acquisition
Gateley PLC has denied deliberately concealing the fact that its client, a former chief executive officer for a meat supplier, would be excluded from reacquiring his company, and said the ex-CEO knew he'd have no stake in the purchase.
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December 19, 2024
Denmark Says $500M Recovered In Dividend Tax Fraud Suits
Denmark's tax administration has recovered a total of 3.6 billion Danish kroner ($500 million) in money lost to suspected dividend tax refund fraud after entering settlements of civil cases in several countries in 2024, Denmark's tax minister announced.
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December 19, 2024
EU Court Upholds Ban On Financial Investors In Law Firms
Europe's high court said in a landmark decision Thursday that member states can prohibit "purely financial investors" from holding stakes in law firms without violating the bloc's free market laws.
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December 19, 2024
AI Ethics Expert, 2 Others To Join Bar Standards Board
The Bar Standards Board said Thursday that it has appointed three new members, including an expert in the ethical adoption of artificial intelligence.
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December 19, 2024
The Legal Sector In 2024 — Mergers, Huge Salaries, SRA Woes
The legal sector can look back at 2024 as one of its busiest ever, one transatlantic merger completed, salaries for newly qualified lawyers hitting record highs, and the first enforcement action against the solicitors' watchdog over the Axiom Ince debacle.
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December 19, 2024
Law Firms Tap Business-Savvy Leaders Amid 2024 Shakeups
The legal industry has seen ongoing leadership changes in 2024, with law firms increasingly turning to business-savvy leaders to oversee operations and better compete in a challenging market.
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December 19, 2024
Osborne Clarke Pro's Email To Zahawi Critic Was 'Negotiation'
A partner with Osborne Clarke LLP who represented Nadhim Zahawi "believed he was acting properly" when he sent an allegedly threatening email to a blogger scrutinizing the former Conservative chancellor's tax affairs, his counsel told a tribunal on Thursday.
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December 18, 2024
Regulator Warns Firms Against Unsolicited Client Approaches
The Solicitors Regulation Authority on Thursday warned law firms handling high-volume claims against cold calling, door knocking and directly targeted online messaging in the wake of the collapse of SSB Group Ltd., a specialist dispute resolution firm.
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December 18, 2024
Ex-Axiom Ince Employee Banned For Falsifying Bank Docs
The Solicitors Regulation Authority said Wednesday it has banned a former Axiom Ince Ltd. employee from the profession for "systematically falsifying banking documents" at the firm, which faced a nearly £65 million ($82 million) client account deficit.
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December 18, 2024
DWF Dublin Adds Insurance Pro From DAC Beachcroft
DWF LLP has hired an insurance specialist to head the firm's practice in Dublin and become managing partner of the firm's Irish offering, as it moves to strengthen its presence in the area with "a light hand on the rudder."
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December 18, 2024
Attwells' Defense Sticks In £1.2M Loan Dispute
Attwells Solicitors LLP's defense to an almost £1.2 million ($1.5 million) claim that it failed to adhere to a loan agreement will go to trial after a London court found it was too early to decide that there is "no real prospect" of fighting the allegation.
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December 18, 2024
Herbert Smith Freehills Brings Back Senior Regulation Pro
Herbert Smith Freehills LLP has rehired a heavyweight former partner as a consultant to its global financial services regulatory team in London, as the firm looks to draw upon his longstanding economic expertise and experience representing both sides in the sector.
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December 18, 2024
Simpson Thacher Hires 2 Leveraged Finance Pros From Sidley
Simpson Thacher & Bartlett LLP said on Wednesday that it has hired two leveraged finance lawyers from Sidley Austin LLP as competition for talent in London looks set to continue into 2025.
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December 18, 2024
PE-Backed Legal Group Trebles Revenue To £47M In Last Year
A private equity-backed legal services business has said that its revenue trebled to £47 million ($60 million) in the last financial year after it made a string of law firm acquisitions.
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December 18, 2024
Kennedys Elects Financial Lines Pro As New Senior Partner
Kennedys named on Wednesday a financial lines expert as its new senior partner to replace Nick Thomas, who is stepping down from the role after 27 years.
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December 18, 2024
Lawyer Success Fees Can't Form Part Of Inheritance Claims
Success fees paid to lawyers in a "no win, no fee" agreement cannot be recovered as part of an award for maintenance in a claim against the estate of a dead person, Britain's highest court ruled on Wednesday.
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December 17, 2024
Bonuses At Susman Godfrey, Other Boutiques Top Milbank's
Susman Godfrey LLP, Pallas Partners, Yetter Coleman LLP and other litigation boutiques are offering associates bonuses exceeding the market scale set by BigLaw firms this year.
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December 17, 2024
Trinity International Adds Tax Expert To Paris Office
Trinity International LLP announced the addition of an experienced tax attorney from Dentons to serve as a partner in its Paris office.
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December 17, 2024
DWF Hires Polish Team From Hogan Lovells' Warsaw Office
DWF Group LLP said Tuesday that it had taken on three prominent Polish partners from Hogan Lovells' closing Warsaw office, bolstering its presence in Poland.
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December 17, 2024
Clifford Chance Appoints New Managing Partner In London
Clifford Chance LLP said Tuesday that it has appointed a new office managing partner for London who will also be co-regional managing partner for its Continental European division as the firm continues its efforts to integrate its U.K. and European businesses.
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December 17, 2024
MI5 Wins Case Against Lawyer Accused Of Being Chinese Spy
A solicitor accused of being a Chinese spy has lost her legal challenge against MI5, after a tribunal found Tuesday that the U.K. security service acted lawfully when it warned parliamentarians that she was trying to interfere with the political process.
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December 17, 2024
Osborne Clarke Pro Denies Trying To Block Zahawi Scrutiny
A partner with Osborne Clarke LLP who represented Nadhim Zahawi has denied trying to prevent the former Conservative chancellor from facing scrutiny over his tax affairs by sending an allegedly threatening letter to a blogger, as he testified at a disciplinary tribunal on Tuesday.
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December 17, 2024
Quinn Emanuel Taps 2 London Partners In Global Promotions
Quinn Emanuel Urquhart & Sullivan LLP has named 11 new partners in its latest round of promotions, with two in the British capital.