More partner exits from Dundas & Wilson

Beleaguered Dundas & Wilson is shortly to lose London private equity partners Simon Sale and Nadim Meer to Mishcon de Reya, while City corporate partner Julian Mathews joined Wedlake Bell in March. The departures are the latest in a series of partner exits from the Scottish leader in recent months. Mathews specialises in M&A, private …

Partnership structure overhaul for CMS Cameron McKenna

CMS Cameron McKenna has reformed its partnership remuneration model from 1 May, enabling salaried partners to become equity partners more quickly but increasing management scrutiny of performance. After 18 months of deliberation, the firm voted in favour of discontinuing its salaried partner level, achieving the 80% majority needed to push the reforms through. The change …

RBS investors secure litigation funding for action against bank

Third-party funder Argentum has agreed to bankroll a multimillion-pound claim against The Royal Bank of Scotland (RBS) in London’s High Court. The floodgates have opened for cases against RBS following its £20bn government bailout in 2008, as investors seek to recoup their losses following its nationalisation. The group of 21 claimants includes a number of …

Taylor Wessing snares Harbottles IP head Owen

Taylor Wessing (TW) bolstered its strong IP credentials last month, recruiting the head of Harbottle & Lewis’ IP group Mark Owen into its City TMT team. The arrival of Owen will add further strength to TW’s leading soft IP practice. The former Clifford Chance lawyer has advised significant media and entertainment clients on copyright, designs, …

CMS and Osborne Clarke scale back Integreon deals

CMS Cameron McKenna (CMS) and Osborne Clarke (OC) have scaled back their legal process outsourcing (LPO) agreements with Integreon within days of each other. CMS is seeking an alternative provider while OC is looking to bring resources back in house. The ten-year deal between CMS and Integreon, struck in May 2010, was the largest of …

TLT beats heavyweight players to win BBC property role

TLT beats heavyweight players to win BBC property role

TLT has been named as the BBC’s sole provider advising on property legal services across its estate in England and Wales. Legal Business understands that the tender saw TLT up against heavyweight property firms including Hogan Lovells and Nabarro. The broadcaster’s incumbent property adviser was Bond Pearce. TLT’s 17-strong real estate team, which operates across …

Taylor Wessing boosts partnership by 16 in latest promotion round

Taylor Wessing boosts partnership by 16 in latest promotion round

Taylor Wessing has more than doubled its partner promotions this year to 16, of which only one is in its City office. City private client lawyer Kirstie McGuigan was made up to partner while the firm’s other promotions were spread across Munich (four), Berlin (two), Frankfurt (one), Dusseldorf (two), Hamburg (one), Budapest (one), Vienna (one), …

Libel law to be overhauled as Defamation Bill gets royal assent

Libel law to be overhauled as Defamation Bill gets royal assent

A three-year battle to bring libel law into the 21st century came to a close yesterday (25 April) as the Defamation Bill received Royal Assent. The Defamation Act 2013 will mean that companies and individuals bringing a libel claim are now required to show serious harm – including serious financial loss for a company – …

Harbour Litigation funds claimant in dispute with Barclays

Harbour Litigation funds claimant in dispute with Barclays

Third party financier Harbour Litigation Funding is to bankroll a claim against Barclays alleging the bank mis-used confidential information in its 2010 takeover of Tricorona. The £164m claim is being brought by UK trading and investments firm CF Partners, which alleges that Barclays used confidential information it supplied to the bank when requesting funding for …