The liquidators for Scottish football club Rangers have confirmed a £24m settlement has been paid by City firm Collyer Bristow over fees they received in relation to the club’s controversial 2011 takeover.
High flying disputes boutique Joseph Hage Aaronson is set to enhance its City team with the hire of leading silk Steven Gee QC, who serves as the current head of Stone Chambers.
US firm Fried Frank Harris Shriver & Jacobson is facing a €10m-plus professional negligence claim at London’s High Court made by a former client alleging multiple breaches of duty over advice provided on the enforcement of a commercial loan in France.
US firm Skadden, Arps, Slate, Meagher & Flom has enhanced its respected disputes practice having today (18 November) announced the hire of Dechert’s London arbitration head, Daniel Gal.
Norton Rose Fulbright has set a target for its female partnership globally, aiming for 30% representation by 2020.
A major blow has been dealt to Bird & Bird as it has emerged that the firm has lost its advisory role on the highly complex Royal Bank of Scotland shareholder dispute, a significant instruction which has subsequently been given to Fladgate.
City law firm RPC has recorded a 16% rise in its first half-year revenue from £38.7m in the same period last year to £46m. The firm said the rise, covering the period May to October, was a ‘direct result’ of its investment strategy and was spread across most of its practice areas and offices.
Having been plagued with a series of partner departures from London, Edwards Wildman Palmer has now taken a hit to its Hong Kong offering with the departure of insurance partner Martin Lister, who established the office in 2006, to Simmons & Simmons. Simmons, meanwhile, has also expanded its Africa group with the appointment of Paul Bugingo …
Five banks have been collectively fined £2bn by UK and US regulators for failing to stop traders from trying to manipulate the foreign exchange market, in what constitutes the first settlement in a global investigation and the largest-ever imposed by the FCA.
US firm Latham & Watkins continues its aggressive hiring strategy with the recruitment of a six-partner team from O’Melveny & Myers, including the firm’s entertainment, sports and media group head Joseph Calabrese and high profile London-based partner Libby Savill.
