In a stunning twist of legal fortune, Quinn Emanuel, the litigation powerhouse known for its hyper aggressive courtroom tactics, (they relish the ‘most feared’ law firm title, remember) has seen its City profits skyrocket by 50 percent in the past year. This isn’t just your run-of-the-mill success story. We’re talking a whopping £196.6m in revenue […]
Fearsome Profits From the Fearsome Quinn Emanuel Read More »
The Serious Fraud Office today charged five men following the collapse of the law firm Axiom Ince and alleged improper use of over £60 million of client money. The Serious Fraud Office (SFO) today charged five men, including two solicitors, with offences including fraud, forgery, and the destruction of documents, following the collapse of the
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Five men, including the CEO of the now-defunct law firm Axiom Ince, are facing serious criminal charges in a £60 million client money scandal that sent shockwaves through the legal community. The charges from the SFO follow a 15-month investigation after the SRA closed the firm in October 2023 soon after it had made the
Tom Borman, LawFuel contributing editor The London legal services sector is facing significant challenges due to the government’s failure to address a crucial Supreme Court ruling on litigation funding agreements. Lawyer are warning that this inaction is negatively impacting business in the City, according to a Times report. The issue has come to thefore following
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In a twist that would make even John Grisham raise an eyebrow, former Biglaw high-flyer Linda Lu has traded her corner office for a prison cell, all thanks to a hedge dispute gone wrong. Lu, who once graced the hallowed halls of Fried Frank, Cadwalader, and Pillsbury Winthrop, now finds herself on the wrong side
The failure of law firm Axiom Ince shocked the UK law profession, but it hasn’t prevented Pragnesh Modhwadia, the former firm boss, dining out expensively despite being accused of draining £66 million from his firm’s client accounts. Pragnesh Modhwadia, the former boss of Axiom Ince, finds himself at the center of a complex legal and
The Axiom File – Pragnesh Modhwadia’s Big Dinner And The Regulators’ Claim Read More »
One-third of the local partners at London-based Clyde & Co are departing, including all six members of its once-thriving cybersecurity practice. The exodus comes as the firm grapples with financial challenges and continues its search for a merger partner. The cybersecurity group, which had been a standout for Clyde & Co, is leaving to establish
Pogust Goodhead, the high-profile class action specialist law firm co-founded by London barrister Thomas Goodhead (pictured), is reportedly undergoing significant staff reductions, affecting up to 20 percent of its workforce. The firm, known for its ambitious approach to taking on major corporations in large-scale litigation, is facing the challenges inherent in managing massive group claims.
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Slaughter and May has long been a major law firm that does not publish its earnings, which naturally gives rise to major speculation among the legal and business community as to the ‘enigmatic’ law firm and what the partners earn. The Financial Times has recently lifted the veil, suggesting the firm’s profit per equity partner
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Statham Gill Davies (SGD) has announced its merger with the legal services team of Moore Kingston Smith LLP, set to take effect in January 2025. This union combines SGD’s 24 professionals with Moore Kingston Smith’s 14-person legal team, aiming to enhance services in the legal, media, and creative sectors. Moore SGD Law will offer a
Media Law Firms Combine To Create New Media Law Specialist Read More »
