Firm and partner cleared of £60m negligence claim

A leading mid-tier London law firm and one of its partners have been cleared of a £60 million negligence and dishonesty claim after a court found the allegations were unsubstantiated.

• EURO CRISIS

  

  Lawyers say Europe's banks braced for Greek euro withdrawal

  Europe's banks are scrambling together worst-case scenario plans in case Greece ultimately bails out - or is kicked out - of the eurozone, according to a leading group of London-based lawyers.

• DEALS

  

  Global firm forecasts boost in Nordic deals

  Linklaters regional deal watch predicts increase in sizeable transactions

• SOCIAL MEDIA

  

  Competition watchdog probes Facebook deal

  Facebook's $1 billion purchase of photo-sharing application Instagram is being investigated by the US Federal Trade Commission, potentially postponing the deal's close beyond the forecasted second quarter.

Editor's picks

BUSINESS DEVELOPMENT

The tender spot

Beauty parades for corporate legal services are taking off in Denmark. Randi Bach Poulsen describes the background to this development and warns fellow law firm managing partners of potential pitfalls

THE VOICE

The Russians are coming

Russian is almost the unofficial second language of London's commercial court. Anthony Riem and Trevor Mascarenhas attempt to explain why

GURU TALK

Survival instinct

The eurozone may be in crisis, but that doesn't mean the continent's business law firms will drown en masse. Alison Hook argues that routes to success still exist

BANKING LITIGATION

German bank settles mortgage misinformation suit

Frankfurt-based Deutsche Bank has agreed to pay $202 million to settle claims that it misled a US government housing agency to profit from the resale of mortgages, potentially causing thousands of Americans to face defaulting or eviction.

Barometer

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SURVEY

Is the trend towards the increasing commoditisation of work good, bad or indifferent for the legal profession?

Leading law firm partners answer the big questions

SURVEY

Do you aspire to a board position at your company?

Global general counsel answer our big question

Business sector round up

EMPLOYMENT

Olympics impact on the workforce

Businesses have less than three months to prepare for the Olympic Games in London, warns Tom Flanagan.

MEDIA REGULATION

Trials of the media

As the Leveson Inquiry trundles on, the media is now entering unchartered territory.