Pulse UK

  • July 15, 2024

    Brodies Posts Record Revenues Of £114M

    Brodies LLP said Monday that its revenues had exceeded £114 million ($148 million) in its latest financial results, a record level of income stemming from strong performance in areas including banking and finance, corporate and commercial, and dispute resolution.

  • July 15, 2024

    Baker McKenzie, Travers Smith Boost NQ Solicitors' Pay

    Baker McKenzie said Monday that it has increased newly qualified solicitors' salaries to £140,000 ($182,000), while Travers Smith LLP also confirmed a lucrative pay raise as law firms continue to flex their financial muscles to lure junior talent in London.

  • July 15, 2024

    Nigerian Oil Spill Victims Can't Put Off Leigh Day Trial

    A judge declined on Monday to adjourn the case of Nigerian villagers suing Leigh Day over the negotiation of a £55 million ($71 million) settlement with a Shell subsidiary, saying that the claimants had failed to explain why they were not ready on the first day of trial.

  • July 15, 2024

    Reed Smith To Keep Just 36% Of NQ Lawyers In September

    Reynolds Porter Chamberlain LLP will retain most of its trainee lawyers in the U.K. when they qualify in the autumn, while Reed Smith said it will keep little more than a third despite recent hikes to salaries for newly qualified lawyers.

  • July 22, 2024

    Mishcon Recruits Tech Disputes Partner From Deloitte

    Mishcon de Reya LLP has hired a tech disputes partner from Deloitte to its London office as it looks to expand its innovation and technology division to stand out from the competition.

  • July 12, 2024

    Clyde & Co.'s Revenue Nears £1B Mark Following 10% Rise

    Clyde & Co. LLP said Friday that its revenue grew by 10% over the past year to hit £845 million ($1.1 billion) following a period of sturdy client demand and the growth of its presence in Europe.

  • July 12, 2024

    Voir Dire: Law360 Pulse's Weekly Quiz

    The legal industry had another action-packed week as attorneys took on new roles and law firms reshaped practices following the holiday. Test your legal news savvy here with Law360 Pulse's weekly quiz.

  • July 19, 2024

    Jenner Hires Finance Disputes Pro From Stephenson Harwood

    Jenner & Block LLP has bolstered its London office with the hire of a financial disputes services specialist who co-headed the litigation practice at Stephenson Harwood LLP.

  • July 12, 2024

    Law Firm Unfairly Fired Solicitor Over Facebook Page

    A law firm unfairly sacked its head of criminal law when it botched a probe into accusations that she was using Facebook to draw clients away from the firm during her resignation period, an employment tribunal has ruled.

  • July 12, 2024

    Lawyer Beats Allegation He Helped Tycoon Duck Asset Freeze

    A leading Monégasque lawyer did not conspire to help an embattled Taiwanese shipping magnate evade an asset freezing order, as he "honestly believed" he was entitled to transfer $26 million from the sale of the businessman's villas, a London judge ruled Friday.

  • July 12, 2024

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen the owner of the Lambretta scooter brand Innocenti SA embroiled in a trademark dispute with a property developer, a clash between two art dealers over a collection of tapestries, Telecom Italia pursue a debt claim against a competing telecommunications company, and performing arts trade union Equity hit a casting directory for charging unfair subscription fees on actors. Here, Law360 looks at these and other new claims in the U.K.

  • July 12, 2024

    Labour Gov't Spells Trouble For Return-To-Office Mandates

    The week-old Labour government could disrupt efforts by law firms to implement return-to-office mandates because expected worker-friendly reforms could drive a demand for a range of flexible options.

  • July 19, 2024

    HSF Hires Eversheds Partner Pair For Paris Office

    Herbert Smith Freehills LLP has recruited two high-ranking lawyers from Eversheds Sutherland in France to boost its capabilities advising clients on intellectual property, information technology and data privacy.

  • July 12, 2024

    Dentons To Face SRA Appeal On AML Misconduct Ruling

    The Solicitors Regulation Authority has appealed against a London tribunal's decision that inadvertent anti-money laundering failures at the U.K. arm of Dentons over a politically exposed client did not amount to professional misconduct.

  • July 12, 2024

    Judicial Diversity Data Finds Small Gains For Ethnic Minorities

    More work needs to be done to accelerate improvements in judicial diversity, lawyers groups have said, as industry statistics reveal that little has changed in representation of ethnic minorities and that solicitors still trail behind barristers in recruitment.

  • July 12, 2024

    Axiom Owes Ex-Staff £37K In Redundancy, Notice Payments

    A tribunal has ruled that Axiom Ince must pay two more former staff a total of at least £36,700 ($47,500) in redundancy and notice payments, with one of the ex-employees also winning compensation for breaches of trade union rules when the firm collapsed.

  • July 11, 2024

    Law Firm Must Pay £4K For Racial Abuse Claim Costs

    A defunct London law firm that represented a forklift driver in his "fictional" racial abuse claim against a printing business must pay £4,000 ($5,166) to repay the legal costs the company racked up fighting the claim.

  • July 11, 2024

    Ex-BP Legal Head Joins HF Sinclair As General Counsel

    HF Sinclair Corp. this week named the former head of legal at BP PLC its new general counsel, about four months after the energy company's most recent top law department leader resigned to pursue another opportunity.

  • July 11, 2024

    NCA Can Seize Money Linked To £55M Tax Scam

    A 13-year money laundering investigation involving a lottery winner, a bomb hoax and a £55 million ($71 million) tax fraud neared its end at a London court on Thursday as a judge ordered funds from three defunct companies to be forfeited to the National Crime Agency.

  • July 11, 2024

    Ashurst Latest Firm To Boost NQ Pay To £125K

    Ashurst LLP said on Thursday that it has increased starting salaries for newly qualified solicitors in London to £125,000 ($161,400) as U.S. firms continue to lead the way in driving lucrative pay rises in the English capital.

  • July 11, 2024

    DWF Names Litigation Pro As Managing Partner In Manchester

    DWF LLP said on Thursday that its U.K. and Ireland disputes chief will become its new managing partner in Manchester after nearly two decades helping to build its litigation practice in the northwest.

  • July 11, 2024

    BHS Liquidators Sue Former Owner For Role In £133M Loss

    Liquidators for BHS have sued its former owner in their latest effort to recover money after the high street chain's £133 million ($171 million) collapse, telling a London court that the law firm partner had wrongly pocketed millions of pounds of the company's cash.

  • July 11, 2024

    Ex-Clifford Chance Veteran Accused Of Pocketing Client Funds

    The Solicitors Regulation Authority is taking the former managing partner of Clifford Chance's Brussels office to a tribunal in London after he allegedly attempted to misappropriate approximately $1 million in client funds and then tried to shield his misconduct from the firm.

  • July 11, 2024

    Profits Soar At A&O Amid Modest Growth Before Merger

    Profits for Allen & Overy LLP jumped by more than 17% in the financial year that culminated with the firm's mega-merger with Shearman & Sterling in May, A&O Shearman said Thursday.

  • July 10, 2024

    Simpson Thacher Adds $50M In London In First Half Of 2024

    Simpson Thacher & Bartlett LLP said Wednesday that its London office had bolstered its revenues by approximately $50 million in the first half of 2024, maintaining the firm's robust performance amid a strong results season for the U.K. legal industry.

Expert Analysis

  • Opinion

    SRA Should Not Condemn Lawful Tax Avoidance

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    In suggesting that solicitors who facilitate tax avoidance breach its code of conduct, the Solicitors Regulation Authority fails to distinguish between legal tax avoidance and illegal tax evasion, says attorney Martin Kenney.

  • Proposed Arbitration Law May Be A Misstep For India

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    A proposed Indian law, which could have the effect of excluding non-Indians from acting as arbitrators, is threatening to undermine the country's ambition to become an important seat of international arbitration, says Sarosh Zaiwalla of Zaiwalla & Co.

  • British Overseas Territories Can Benefit From Transparency

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    British overseas territories have pushed back against a recent U.K. measure requiring them to create publicly accessible registers of companies' beneficial owners. However, considering global trends toward transparency, perhaps the territories should embrace the new rules as a force of good, says Simon Airey of Paul Hastings LLP.

  • Legal Technology Is Likely To Flourish In The UK

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    The U.K. may soon surpass the U.S. in legal technology, thanks to regulatory reform, law firm investment and an entrepreneurial environment, says Bridget Deiters of InCloudCounsel.

  • Law & Reorder: The Emergence Of The UK Legaltech Sector

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    Recent market dynamics are driving the U.K. legal industry to adopt nascent technologies in new service offerings as well as pre-existing solutions. The rise of legaltech should also lead to an increase in acquisitions by law firms striving to maintain relevance, says Jo Charles of Livingstone Partners LLP.

  • Why English Courts Are Prepared To Assist Cyber Victims

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    This year, a number of cases have illustrated how English courts are dealing with legal hurdles for cybercrime victims and making it easier to obtain a freezing order or injunction under such circumstances, says Fiona Cain of Haynes and Boone LLP.

  • Extradition To The United States: Fight Or Flight?

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    Recent extradition cases have demonstrated that individuals in the United Kingdom facing charges in the United States can either fight extradition proceedings tooth and nail, or voluntarily travel to the U.S. An approach carefully tailored to the facts of each case is required in order to best protect a requested person's interests, says Ben Isaacs of 7 Bedford Row.

  • UK Internal Investigations Are Taking An Ungainly Turn

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    The London High Court's decision in Serious Fraud Office v. Eurasian Natural Resources Corporation has a lot to say on the vitality of legal professional privilege and the conduct of internal investigations in the U.K., but its flawed logic and lack of pragmatism feel like the latest installment in SFO Director David Green's pushback against U.S.-style investigation procedures, say Matthew Herrington and Tom Best of Steptoe & Johnson LLP.

  • Once More Unto The Breach — Rehearing In Newman?

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    On Friday, the U.S. Attorney’s Office for the Southern District of New York decided to seek appellate review of several aspects of the recent insider-trading decision in U.S. v. Newman and Chiasson. En banc rehearing petitions are rarely granted in any circuit, and are particularly rare in the Second Circuit, which hears the fewest number of rehearings of any circuit in the country, say Eugene Ingoglia and Gregory Morvillo of Morvillo LLP.

  • UK Tax Advisers Are Beyond Legal Advice Privilege

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    A recent judgment from the U.K. Supreme Court in one of the most significant decisions on legal advice privilege for many years. Prudential PLC v. Special Commissioner of Income Tax, which dealt a blow to tax advisers and other nonlegally qualified service providers who provide legal advice to their clients, confirmed that — consistent with the position in the U.S. — legal advice privilege only protects communications to or from a qualified lawyer, say Richard Hornshaw and Daniel Cohen of Bingham McCutchen LLP.

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