‘The time lag will vary’: New research shows litigation against global banks up 37%
Figures published by City firm RPC have shown a marked 37% increase in litigation against the largest 50 global banks in 2016, with the rates rising year on year.
Back in court: Dechert sues client Ikon Finance over fees
Just over a month after a High Court judge ruled on Dechert’s fee dispute with Eurasian Natural Resources Corporation (ENRC), the US firm has sued its client Ikon Finance over the non-payment of nearly £860,000 in fees.
Fees to hit £125m for HSF client RBS as group action continues
The Royal Bank of Scotland (RBS) is set to accumulate around £125m in legal costs as it defends itself against 27,000 shareholders who lost money following its 2008 rights issue.
Revolving doors: BLP and Noerr make German plays as City firms follow suit
In a week of German hires, Berwin Leighton Paisner (BLP) and Noerr have added depth to their German offices with Clyde & Co and Farrer & Co making moves closer to home.
‘No justiciable defence’: Cleary, NRF and Quinn to go another round in $3bn Russian bond dispute
Partners from Cleary Gottlieb Steen & Hamilton, Norton Rose Fulbright and Quinn Emanuel Urquhart & Sullivan are set to go another round as Ukraine has vowed to appeal a pre-trial decision over a $3bn Russian bond repayment.
‘It could still fall apart’: Freshfields client Tesco takes DPA after two year SFO investigation
Tesco has agreed to pay the Serious Fraud Office (SFO) £129m in fines relating to a 2014 profit misstatement, avoiding prosecution after a two-year investigation.
‘Implications across the board’: Supreme Court clarifies professional negligence rules in landmark BPE Solicitors case
City partners have reacted positively to a Supreme Court ruling which found a firm was not responsible for the entire costs of a client’s failed property transaction.
‘What we really needed’: Enyo Law launches tax and insolvency practices with Deloitte and Olswang hires
Litigation specialist Enyo Law has announced the creation of tax and insolvency practices, following the hires of Fiona Walkinshaw and Louise Bell as partners.
Revolving doors: Fieldfisher takes from Irwin Mitchell as Quinn launches in Perth
Fieldfisher has given its personal injury team a boost with a hire from Irwin Mitchell, while Quinn Emanuel Urquhart & Sullivan, Orrick, Herrington & Sutcliffe and Gordon Dadds have all made appointments across the globe.
Norton Rose in pole position for renewed McLaren partnership
Formula One team McLaren Honda has extended its sole adviser mandate with Norton Rose Fulbright (NRF) for another two years.