Access to justice: Spurious claims under the spotlight – best intentions or base motives?

With the marked increase in group litigation and rapid development of the litigation funding industry, the Competition Appeal Tribunal is consistently seeing novel claims. New theories of dominance are appearing, with what actually constitutes a dominant position widening. And the type of claim presented to the tribunal is expanding, with an increasing number of ESG claims filed.

As the only court in the jurisdiction to allow for opt-out group litigation, the CAT is the only means by which North American style class actions can be brought. Supporters of the expansion of the CAT’s domain and these new claims see it as a necessary means of consumer redress. The system is seen as one that provides access to justice for consumers, and a way of holding major corporates to account. Continue reading “Access to justice: Spurious claims under the spotlight – best intentions or base motives?”

Scaling up: a look back at the last ten years of disputes in London

When Legal Business first launched its Disputes Yearbook back in 2014 Brexit was barely on the radar, most people had not heard of Wuhan and post-financial crisis disputes work and oligarchs were helping firms cast aside any doubts about how sustainable further disputes growth was at either the biggest players in the City or the boutiques spinning out from them.

While much has changed, many of the key market players are still the same today and some of the bigger trends keeping litigators busy now were still evident a decade ago – albeit in nascent form. Continue reading “Scaling up: a look back at the last ten years of disputes in London”

‘Credibility in both US and English law is non-negotiable’ – A&O Shearman readies for launch

Wim Dejonghe

As the latest edition of Legal Business went to press in late April, Allen & Overy (A&O) and Shearman & Sterling were working to a deadline of their own – the 1 May go-live date for their mega-merger.

The headline figures are undeniable – A&O Shearman will come into existence with 4,000 lawyers in 48 offices across 29 countries, as well as $3.5bn in revenue; enough to rocket it up to fourth place in the Global 100.

Continue reading “‘Credibility in both US and English law is non-negotiable’ – A&O Shearman readies for launch”

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‘We’ll continue to look for talent’: Sidley’s London growth streak continues with double-digit revenue hike

Sidley Austin has continued its decade-long streak of growth in London, posting a 12.4% hike to reach $209.7m, with firmwide revenues reaching the $3bn mark.

While global revenues grew 6.1% on last year, with profit per equity partner (PEP) up 10.3% to $4.6m, the Chicago-headquartered firm’s London office stood out with another year of double-digit growth.

Continue reading “‘We’ll continue to look for talent’: Sidley’s London growth streak continues with double-digit revenue hike”

‘I had strong support and people wanted me to continue’: Bakers’ Poulton seals second term as head of London office

Following his initial appointment to lead Baker McKenzie’s London office in 2021, managing partner Ed Poulton has been re-elected for another three-year term, starting from July.

Speaking to Legal Business, he described the process of being re-elected as ‘relatively straightforward’.

‘We conduct soundings so that the partners get a chance to speak to a small group of partners,’ he said. ‘The message was I had strong support and people wanted me to continue.’   Continue reading “‘I had strong support and people wanted me to continue’: Bakers’ Poulton seals second term as head of London office”

A&O high yield head retires ahead of Shearman tie-up as firm makes first combined partner promos

Allen & Overy

Prominent high-yield partner Kevin Muzilla has retired from Allen & Overy, in the latest departure from the practice ahead of next month’s A&O Shearman mega-merger.

Ranked in the Legal 500 Hall of Fame for London high-yield, Muzilla joined A&O from Milbank as a partner in 2009, and has since headed up the firm’s leveraged finance teams, first the US and then Europe.

Continue reading “A&O high yield head retires ahead of Shearman tie-up as firm makes first combined partner promos”

DLA to open new Germany base as Paul Weiss hires from Simpson and Macfarlanes for Brussels bow

Düsseldorf

DLA Piper has expanded its presence in Germany with the opening of its fifth office there, with confirmation of the move coming as Paul Weiss pushes ahead with a competition launch in Brussels.

Adding to its offices in Frankfurt, Hamburg, Cologne, and Munich, DLA Piper is set to establish in Düsseldorf on 15 April this year. Continue reading “DLA to open new Germany base as Paul Weiss hires from Simpson and Macfarlanes for Brussels bow”