Forsters defeats professional negligence suit over Siberian oil deal
Forsters has successfully defended a £70m professional negligence claim taken against it by businessman Rupert Galliers-Pratt at London’s High Court.
Forsters has successfully defended a £70m professional negligence claim taken against it by businessman Rupert Galliers-Pratt at London’s High Court.
Junior doctors have suffered a major blow after the High Court yesterday (28 September) rejected a judicial review challenging the legality of a controversial new contract, handing a win to health secretary Jeremy Hunt.
Already a contentious issue among financial companies pledging to tackle poor working cultures, the Senior Managers Regime, which holds executives responsible for failings in financial institutions, could pose a risk of conflict to in-house lawyers, their employers and legal professional privilege, warns the Law Society.
Brick Court Chambers‘ Mark Howard QC has been appointed to co-head the set with Helen Davies QC, as incumbent Jonathan Hirst QC prepares to step down.
Covington & Burling has landed a heavyweight in-house veteran to boost its London project finance offering with the arrival of BG Group’s former general counsel, Graham Vinter, to chair and supervise the expansion of the practice.
With corporate counsel consistently burdened by onerous cost constraints levied by their executive, the pressure to deliver efficiencies in-house may prove greater than ever. Newly-released data shows FTSE 100 companies have set aside £31.3bn in the last year for legal provisions, a rise of 22% from £26.5bn the year before.
Although last week saw several partner departures from a select few LB 100 players, namely Ashurst and Simmons & Simmons, a quartet of firms including White & Case, Winston & Strawn, Fieldfisher and Bond Dickinson added to their benches.
The debate amongst the profession over ever-increasing court fees continues to prove contentious, with Lord Justice Jackson being the latest to suggest the costs of pursuing civil cases is emerging as a real source of concern.
Typically on the receiving end of partner moves, Quinn Emanuel Urquhart & Sullivan has lost Moscow-based arbitration partners Ivan Marisin and Vasily Kuznetsov to US rival Baker Botts, leaving Quinn’s ten-lawyer Russia outpost with one full-time partner.
Disputes boutique Signature Litigation has seen revenue soar by 36% to £10.2m for the 2015/16 financial year, and continues invest in lateral hiring with Bryan Cave litigation partner, Ioannis Alexopoulos.