London Metal Exchange back in court over $12bn nickel trade cancellation After the world’s leading centre for trading in industrial metals, the London Metal Exchange, cancelled nickel trades valued up to $12bn following an unexpected price spike in 2022, US hedge fund Elliott Associates brought a judicial review against the LME. The claimants, Elliott Associates […]
Mr Justice Constable has handed down a judgment in the Dieselgate litigation, slashing costs applications brought to the court. Claimants and defendants had each brought costs of over £200m before the High Court, which were slashed to fractions of their original value. The lead claimants, represented Pogust Goodhead, Leigh Day, Keller Postman, Milberg and Hausfeld, […]
An Osborne Clarke partner appeared before the Solicitors Disciplinary Tribunal (SDT) today to challenge allegations brought by the legal regulator and apply for a preliminary hearing on his case, which was refused. Represented by 4 New Square’s Ben Hubble KC, Osborne Clarke’s head of client strategy Ashley Hurst argued that the SDT should approve his […]
HFW has posted double-digit growth firmwide in profit and revenue for a second year running, as the firm hit £251m turnover for the financial year ending 31 March. This figure is up 11 per cent from last year, while net profit has gone up 16.5 per cent, hitting £75.4m. London revenue makes up around two-fifths […]
The Supreme Court handed down a landmark ruling today, overturning decisions by the High Court and Court of Appeal to grant waterway owners the right to bring legal action against polluters for nuisance and trespass. This case, one of The Lawyer’s top 10 appeals of 2023, has been progressing since 2010 and has taken over […]
Revenue at Kennedys increased 17 per cent during the 2023/24 financial year, with non-UK revenue contributing 50 per cent towards the firm’s top-line for the first time. Kennedys generated £384m in revenue, up from the £328m it generated in 2022/23. This marks the second consecutive year of double-digit growth for Kennedys, with the firm achieving […]
Qatari ex-PM hit with new claim According to the public filing system, ex-Prime Minister and Qatari royal Sheikh Hamad Bin Jassim Bin Jaber Al Thani has been hit with a new claim filed on Friday (28 June) in the Commercial Court, brought by a company owned by Northern Irish businessman Paddy McKillen. McKillen’s company, Hume […]
Weightmans is handing out £3,000 bonuses to all of its staff to celebrate a record year in which revenue grew by 12 per cent. The firm changed its financial year-end from 30 April to 31 March this year, posting revenue of just over £140m for the 12-month period. This equated to a 12 per cent […]
Orange juice cartel squeezes into Court of Appeal Pogust Goodhead is representing 1,600 orange growers, 22 companies and the Brazillian Association of Citrus Growers in a one-day hearing at the Court of Appeal on Tuesday (2 July) in a suit against the estate of Brazil’s “Orange King”, José Luis Cutrale, who died in 2022. The […]
Bird & Bird and Holman Fenwick Willan are the latest firms to announce pay increases for their newly-qualified solicitors, with the latter rising to £100,000. HFW has increased its pay from £95,000 to £100,000, while Bird & Bird has put in place a slightly lower rise of £3,000 to £98,000. Bird & Bird’s increase comes […]
Freshfields Bruckhaus Deringer is set to defend mining giant Rio Tinto in a new dispute regarding pollution in Madagascar, The Lawyer can reveal. Leigh Day sent a letter of claim to Rio Tinto on 2 April on behalf of 64 residents in villages near a mine in southeast Madagascar, announcing the dispute publicly the following […]
The universal government of the Catholic Church, the Holy See, appeared in an English court for the first time in history today before Mr Justice Knowles, in a sweltering courtroom on the hottest day of the year so far. This case is one of The Lawyer‘s Top 20 of 2024. From the halls of the Vatican […]