Simmons & Simmons has been gifted with a high-profile instruction defending Barclays as it faces an unfair dismissal dispute taken by a former top executive, who alleges he was sacked after investigators at the UK’s Serious Fraud Office (SFO) passed the bank a transcript of his interview with them.
In a move which could curb law firms’ ability to share profits based on actual performance, yesterday’s (23 November) Autumn Statement by Chancellor Philip Hammond revealed plans to shake up profit sharing arrangements in partnerships.
With members of the judiciary the target of spiteful press coverage just weeks ago following the Brexit High Court ruling, the latest move by government to gift judges a pay rise of 12 to 15% will likely stir tensions further.
The high-profile Excalibur dispute continues to haunt Clifford Chance (CC) as London’s Court of Appeal has handed down a critical ruling, saying the Magic Circle firm had an ‘an acute conflict of interest’ on the case.
Following a long courtship, merger discussions between King & Wood Mallesons (KWM) and Morgan, Lewis & Bockius have been called off, Legal Business can reveal.
As the European and Middle East partnership of King & Wood Mallesons considers a rescue plan to stabilise the business, Legal Business can reveal the firm has made a cash call to salaried partners, and guaranteed minimum earnings to equity partners.
Aspiring barristers may have to take a new exam before qualifying into the profession as proposed by the Bar Standards Board (BSB) as part of a new consultation on how lawyers are trained.
Wall Street leader Simpson Thacher & Bartlett has made a rare London hire after recruiting high-profile Freshfields Bruckhaus Deringer partner Ben Spiers to boost its M&A practice.
City lawyers across private practice and the Bar have reacted as the High Court has today (3 November) decided that the government does not have the power to trigger Article 50 without parliamentary approval.
A group of claimants has landed its first blow in an article 50 case against the government, after the High Court ruled that it has no constitutional power to trigger Brexit.
