Controversy surrounds Burford as executive is accused of trading documents for sex tape

Controversy surrounds Burford as executive is accused of trading documents for sex tape

An executive at under-fire Burford Capital has been accused of unlawfully exchanging confidential documents for a sex tape in a lawsuit filed at the High Court in London, adding another battle for the litigation funder. In the lawsuit, the company’s co-head of its global corporate intelligence, asset tracing and enforcement business, Daniel Hall, is alleged …

Burford names new CFO and governance shake-up amid activist investor row

Burford names new CFO and governance shake-up amid activist investor row

Litigation funder Burford Capital has appointed a new CFO and begun a search for two new independent directors to its board as its protracted and increasingly public row with US investor Muddy Waters rages on. Burford confirmed today (15 August) that Jim Kilman will become the company’s new CFO, replacing Elizabeth O’Connell, who is married …

Scottish judge fast-tracks legal challenge to stop a forced no-deal Brexit

Scottish judge fast-tracks legal challenge to stop a forced no-deal Brexit

A judge at the Court of Session in Edinburgh has fast-tracked a legal challenge to prevent Prime Minister Boris Johnson from proroguing Parliament to force through a no-deal Brexit, following a petition from over 70 MPs and peers. As a result, Lord Doherty ruled that an urgent hearing of the case should be conducted on …

Disputes heavyweights weigh in as Burford Capital alleges ‘illegal manipulation’ of shares after Muddy Waters attack

Disputes heavyweights weigh in as Burford Capital alleges ‘illegal manipulation’ of shares after Muddy Waters attack

Freshfields Bruckhaus Deringer, Quinn Emanuel Urquhart & Sullivan and Morrison & Foester have all been enlisted by litigation funder Burford Capital to pursue claims of illegal market manipulation by short-seller Muddy Waters. Burford today (12 August) said in a statement that a preliminary finding of its analysis of trading shares last week displayed ‘evidence consistent with …

Insurance business sale reduces Hill Dicks revenue 7% as shrinking partnership boosts profit

Insurance business sale reduces Hill Dicks revenue 7% as shrinking partnership boosts profit

Profit and profit per equity partner (PEP) increased at shipping specialists Hill Dickinson last year but revenue dived following the sale of its insurance business to Keoghs. PEP was up 26% to £370,000 from £294,000 last year, as distributable profits likewise grew 7%, from £15.7m to £16.8m. Turnover, however, saw a contraction of 7% from £96.8m …

Prestige, cash and a bit of spin: how to get ahead in trainee recruitment

Prestige, cash and a bit of spin: how to get ahead in trainee recruitment

As the associate pay war rages, Thomas Alan finds major firms are falling back on cultural tropes in the expensive jostle for trainee talent When Freshfields Bruckhaus Deringer announced in May a pay hike for newly-qualified salaries, rising from £85,000 to £100,000 with bonuses on top, new battle lines were drawn in the war for …

Brexit vs Dicey – The constitutional lawyer’s view on these strange days

Brexit vs Dicey – The constitutional lawyer’s view on these strange days

With Brexit entrenching divisions, Britain’s patchwork constitution is being increasingly pitted against political upheaval. Do legal experts see crisis brewing? Britain has developed an uncharacteristically laid-back attitude to constitutional change, with once-rare reforms to the UK’s ad hoc democratic settlement coming at a startling pace in recent years. The previous Labour administration ushered in varying …

City and US heavyweights line up on Lego owner’s £4.8bn offer for Merlin

City and US heavyweights line up on Lego owner’s £4.8bn offer for Merlin

Slaughter and May and Clifford Chance (CC) are representing the City elite on a £4.8bn offer for Merlin Entertainments, in a deal that brought together a line-up of heavy hitters with Kirkland & Ellis and Latham & Watkins also fielding veteran partners. The deal was announced on 28 June with Merlin, which is being advised …