Double-edged – cutting both ways with third party funding

It’s been a turbulent year for third-party funders, from court battles shining a spotlight on risky investments to new entrants and exits. Legal Business scopes the changing landscape for litigation’s bankrollers. In early autumn, high-flying disputes lawyer Harvey Rands was taking a vacation in upstate New York. While many spend breaks catching up on books …

‘There is a fundamental tension here’: Lawyers nervous about exceptions to professional privilege

With government intelligence agencies and tax authorities coming under a spotlight in recent weeks over the sourcing of legally privileged documentation, justification and potential implications for such action has increasingly generated cause for concern among City lawyers. It emerged in November that the Investigatory Powers Tribunal had discovered that legally privileged documents may have been …

‘Trophy assets’: Bakers and Taylor Wessing lead on Gherkin sale

Baker & McKenzie and Taylor Wessing helped finalise the sale of London’s iconic Gherkin building to the Safra Group for over £700m. The sale last month of one of London’s most distinctive and recognisable landmarks, the 40-storey skyscraper, located at St Mary Axe in the City’s primary financial district, was placed into receivership in April …

Life During Law: Jason Glover, Simpson Thacher & Bartlett

Clifford Chance (CC) was a great place to be in the 1990s. Geoffrey Howe deserves a huge amount of credit. He instilled that we were on a journey everyone else was seeking to replicate. The car was travelling fast. The concept of delivering that globalisation was a very powerful thing. I didn’t have a plan …