Barclays turned to Simmons & Simmons for advice during a recent Financial Conduct Authority (FCA) inquiry into deals for wealthy clients, which resulted in a £72m fine for the bank last week.
As part of yet another review of how it manages the profession, the Solicitors Regulation Authority (SRA) is mulling a ‘fundamental shift away from prescriptive rules’ with a proposal to allow practising solicitors to give advice from unregulated firms.
Herbert Smith Freehills (HSF) and its client the Royal Bank of Scotland have been criticised for their role in a ‘less than compelling’ and ‘unfocused’ disclosure process in the long running £4bn shareholder dispute against the bank.
Australian-listed Slater & Gordon (S&G), which makes 80% of its UK revenue from personal injury claims, lost half its stock market value yesterday (25 November) after the UK government announced plans to limit the number of personal injury claims.
After six months of talks national firm Irwin Mitchell and LB100 firm Thomas Eggar have voted to approve their union, creating an £250m firm with plans to establish a leading private wealth business.
Dentons has announced its fifth merger of 2015 and today (25 November) confirmed a tie-up with Luxembourg firm OPF Partners, a deal which will add 34 lawyers including nine partners to the roster and incorporate the latter firm into Dentons’ European LLP.
A buyout team comprising the founders of the now-defunct Parabis Group has formally acquired its defendant insurance firm Plexus Law, in a deal that will see the transfer of over 900 staff, supported by a £4.2m loan.
Manchester firm Horwich Farrelly has today (24 November) announced it has taken a 43-strong personal injury team from the Parabis Group, including seven partners, just one day after it emerged Parabis is to be broken up and sold in a £50m pre-pack administration deal.
Recent efforts to improve social mobility within the legal profession are having little-to-no effect at the Bar and within the judiciary, two new studies have concluded.
Having just recently confirmed the sale of its defendant personal injury arm Plexus Law, legal and professional services provider Parabis Group is to be broken up and sold in a seven-part pre-pack administration process.
