Former Times head of legal Alastair Brett suspended for six months for misleading court

The former head of legal for The Times newspaper, Alastair Brett, has been suspended from practising for six months by the Solicitors Disciplinary Tribunal (SDT) for misleading a court and ‘failing to act with integrity’ in litigation over the naming of anonymous Nightjack police blogger Detective Richard Horton in 2009, an SRA statement confirmed this …

H1 2013/14: Nabarro points to pick up in corporate and real estate amid flat half year results

Nabarro has posted flat half year (H1) revenues for the 2013/14 year, with figures rising by a marginal 0.3% from £52.3m to £52.5m, the firm announced yesterday (4 December). Speaking to Legal Business, senior partner Graham Stedman (pictured) attributed the static results to a ‘quiet August and September’ but noted the firm has experienced a ‘pickup …

Hefty fines: Cleary, Slaughters and CC advise on banks’ €1.7bn rate-rigging settlement

A collection of some of Europe’s strongest antitrust practices have been advising some of the world’s largest global banks as they today (4 December) agreed fines with the European Commission for their participation in illegal cartels to rig interest rates. Cleary Gottlieb Steen & Hamilton, Slaughter and May and Clifford Chance were among the law …

Updated: Clifford Chance in line for windfall payment after PwC reaches European Lehman settlement

Clifford Chance is among the creditors of the European operations of Lehman Brothers set to receive a windfall after administrator PwC announced a total payout of $7.8bn, the latest in a series of payments made to creditors of the former US investment bank as it nears the end of its mammoth winding-up process. According to one …

Clifford Chance in line for windfall payment after PwC reaches European Lehman settlement

As latest payout confirmed to Lehman’s creditors, total US and UK costs soar to $2bn Clifford Chance is among the creditors of the European operations of Lehman Brothers set to receive a windfall after administrator PwC announced a total payout of $7.8bn, the latest in a series of payments made to creditors of the former …

RPC abolishes flat-rate salary for newly-qualified solicitors

City firm to move junior lawyers to structure based on merit and market rates. RPC has taken the final steps to adopting an entirely merit-driven pay model as it last month announced that it will abolish the traditional flat-rate salary for newly-qualified solicitors (NQs) in the UK and move to a system linked to merit and …

Gateway to Africa: Hogan Lovells ties-up with Routledge Modise

The queue of international firms looking to enter the South African market became one shorter in November, as transatlantic giant Hogan Lovells announced it had tied up with Routledge Modise after ten months of talks. The 40-partner South African firm, an ally of Eversheds until October last year, will operate under the Hogan Lovells banner, …

Consolidating pharma giants to drive global M&A as advisers secure major deals from Novartis and Shire

The pharmaceutical industry is the driving force behind a number of recent high-value M&A transactions as drugs companies look for new ways to consolidate, and address patent expiration in a trend forecast to continue. In November, Novartis sold off part of its operation, its blood transfusion diagnostics unit, to Barcelona-based Grifols for an estimated $1.68bn, …

How to win cases and influence people – litigation funding strives to go mainstream

As third-party funders enjoy robust growth within a buoyant disputes climate, Legal Business assesses current attitudes towards litigation’s controversial bankrollers. Third-party litigation funders have suffered bad PR for more than 40 years. Often depicted as lurking in the shadows of the courtroom, waiting to collect their share of damages, lawyers have historically been curiously wary …

Former Times head of legal Alastair Brett to face hearing for misleading court

The former head of legal for The Times newspaper, Alastair Brett, will appear before the Solicitors Disciplinary Tribunal (SDT) tomorrow (5 December) to face allegations that he allowed a court to be misled over the unveiling of anonymous Nightjack police blogger and Lancashire detective, Richard Horton in 2009. Last year the Leveson inquiry into press …