The High Court has handed down a judgment in a multimillion-pound dispute between CIS General Insurance and IBM. The case, which featured in The Lawyer’s Top 20 cases last year, saw Addleshaw Goddard represent CIS in a £130m dispute with IBM. CIS, which is part of Co-op Group, claimed that IBM was behind the failed […]
King & Spalding has posted double-digit growth in its global revenue, but UK revenue was down by almost 3 per cent in 2020. The firm’s global revenue increased by 14.3 per cent, from $1.3bn to 1.5bn. However, its London revenue dipped 2.7 per cent, from $55.7m to $54.3m. Profit was up by 25 per cent, […]
In the autumn of 2020, Blackstone’s Ian Mill QC was drafted in by the Duchess of Sussex in her dispute with Associated Newspapers. The instruction prompted a change in strategy, with her team securing an important victory this week.
Advice provided by Clifford Chance to France’s football league is under the microscope after a tender deal collapsed last year. In 2018, Ligue de Football Professionnel (LFP) agreed to the second-largest TV rights deal in Europe, worth €1.15bn per year. The majority of the tender was awarded to Spanish company MediaPro, which won an €814m […]
The Government Legal Department (GLD) spent almost £20m on external law firms and counsel in the second half of the year, The Lawyer can reveal. In a Freedom of Information request, the GLD confirmed that it spent £17.02m on legal spend between May 2020 and December 2020, with a large proportion of its legal spending […]
After reporting an uncharacteristic dip in London revenue for 2019, White & Case’s financials soared in the last financial year to reach nearly $400m. Turnover at the firm’s City office over 2020 was $397m, up 18 per cent from $337m. Global turnover also increased by 9.3 per cent to $2.4bn, while average profit per equity […]
Litigation specialists PGMBM and Blackstone are teaming up to bring legal action against the UK Government’s hotel quarantine policy. The policy was announced last week and came into effect yesterday. It requires any UK residents arriving in England from a ‘red list’ country to self-isolate in a hotel for 10 days. Travellers must pre-book a […]
Addleshaw Goddard has hired a commercial disputes partner from Orrick Herrington & Sutcliffe in its London office. Maria Frangeskides joins Addleshaws after 15 years at US firm Orrick. She was previously at Coudert Partners, where she was head of litigation, and HFW, where she was an associate. Frangeskides advises multinational companies, large corporates and high […]
Slaughter and May, Peters & Peters and Signature Litigation will appear in the Court of Appeal in the long-running Credit Suisse/Republic of Mozambique dispute, after the defendants, Privinvest, lost a bid to put a stay in the fraud dispute last year. Credit Suisse is seeking counsel from Slaughters, having previously turned to Linklaters. Slaughters replaced the […]
A costs judgment has revealed that Allen & Overy and RPC’s legal fees are likely to total £3m in the ongoing dispute between Rangers Football Club and Mike Ashley-owned Sports Direct. The Scottish club, which sits top of the Scottish Premier League, is facing a potential bill worth millions over the termination of a sports […]
Commercial set Twenty Essex has brought in an arbitration silk from Maitland Chambers. Andrew Ayres QC has left Maitland after almost 25 years, becoming the latest silk to join Twenty Essex. Ayres is a commercial disputes barrister, with connections abroad, particularly in Asia Pacific and with the offshore community. He has a particular focus on […]
Following last year’s landmark judgment in the Supreme Court, the case of Merricks/Mastercard is now returning to the Competition Appeal Tribunal (CAT) for a certification hearing in late March. This will determine whether the dispute, which was recently named in The Lawyer‘s Top 20 cases for 2021, can proceed as a collective action. Up to […]