Europe/UK - Page 195
Litigation funder helps after the event insurance sector
Some 20% of funding from a leading litigation funder is going on after the event insurance with many of the cases being funded being brought against lawyers.
Gove moves to deregulate legal services market
The Lord Chancellor has revealed that Ministry of Justice officials have met frontline legal services regulators to discuss the future of the profession.
Paul Hastings recruits finance veteran star from Linklaters
Paul Hastings has made what some consider to be its most important lateral hire in London through the recruitment of David Ereira, the man advising the administrators of Lehman Brothers.
City firms instructed by SFO in Euribor proceedings
Herbert Smith Freehills, K&L Gates and Stephenson Harwood are among those instructed by the Serious Fraud Office in proceedings against former employees of Barclays and Deutsche Bank accused of manipulating the Euro Interbank Offered Rate (Euribor).
Withers loses appeal against £1.6m negligence claim
Withers has lost in the Court of Appeal in London over a professional negligence claim from Wellesley Partners, a former client.
Law Society sets unenforceable minimum wage for trainees
The Solicitors Regulation Authority has set a minimum wage for trainees of £20,276 in London and £18,183 elsewhere - but the figures are recommendations only.
Leading ABS to sell off Plexus Law subsidiary as value falls
The Parabis Group, the UK's first private equity-backed Alternative Business Structure (ABS), is to sell its personal injury subsidiary after legal reforms made the venture less profitable.
Court rules CC Libor documents for RBS legally privileged
A High Court judge has ruled that documents prepared by Clifford Chance for RBS relating to the fallout from the Libor scandal are protected by legal privilege, saying that lawyers should be able to give 'candid factual briefings'.
US law firm parts company with partner who insulted Liverpool fans
London insurance partner Clive O'Connell gave an online interview last month in which he described Liverpool football fans as 'Scouse scum'. As a result, he no longer works at US law firm Goldberg Segalla.
Indians take legal action to retrieve Koh-i-noor diamond
The week before Indian PM Narendra Modi's visit to the UK, a group of influential Indians have reportedly instructed lawyers to begin legal proceedings demanding the Government return the 105-carat Koh-i-noor diamond to India.
Leigh Day issues first legal action against Uber in UK
GMB, the union that represents professional drivers, has instructed Leigh Day to take legal action on behalf of its members who drive for Uber. It aims to establish the drivers with worker status, rather than as self-employed customers or partners.
Web surveillance bill lacks protection for lawyers
It has emerged that the government's draft investigatory powers bill, which will govern state agencies' interception of communications, lacks statutory protection for legal privilege.
Treasury concern over Freshfields fees on Eurostar sale
Freshfields Bruckhaus Deringer is being scrutinised for charging £2.8m in legal fees when advising HM Treasury during the £585m sale of the government's 40 per cent stake in Eurostar in March this year.
Millbank sorts extra London office space to satisfy aggressive growth
Milbank, Tweed, Hadley & McCloy is taking on 35 per cent more office space to cater for a doubling in its number of London lawyers over the last five years.
EY legal arm starts recruiting legal trainees in the UK
EY, the Big Four accountancy firm formerly known as Ernst & Young, is to recruit four legal trainees to start in September 2016 and another four to start a year later.
Olswang opens new business reward scheme to all staff
The Revenue Share Scheme is open to all partners and all employees, including business services staff.
Quindell to return capital to shareholders after legal services scandal
Quindell, the listed company that sold off its legal services arm this year after a rocky experience in the sector, is to return 90 pence per share to shareholders by the close of 2015.
Lawyers not in favour of quotas, survey finds
A study on gender bias in the legal industry by recruiter Cogence Search has found that lawyers are against the introduction of quotas as a means to solve the problem.
Mixed messages as Gove meets City firms
A meeting between justice secretary Michael Gove and senior members of City law firms seems to have done little to allay fears that the Ministry of Justice plans to impose some form of levy on City firms to fund the courts.
Oil and Gas Authority creates new general counsel position
A new General Counsel position has been created at the Oil and Gas Authority (OGA) ahead of its conversion into an independent government company next year.