Clifford Chances’ profits and revenues have fallen. But the London partners seem to have succeeded in maintaining ‘lockstep’, its partner compensation points system. But the firm is set to take a tougher stance on partner profitability and performance.

Clifford Chance’s management is set to publish this week its long-awaited partner compensation review, which will reaffirm its commitment to lockstep – despite pressure from some US partners to retain or expand a superpoints system The review’s conclusions signal a victory for London partners, who have traditionally taken a strong pro-lockstep line, although they are […]

Clifford Chances’ profits and revenues have fallen. But the London partners seem to have succeeded in maintaining ‘lockstep’, its partner compensation points system. But the firm is set to take a tougher stance on partner profitability and performance. Read More »

Controversy over top London firms notoriously flexible stance on conflicts of interest is mounting following a series of high-profile deals that have this year seen UK firms apparently breach local bar rules.

One major firm, Allen & Overy (A&O), has controversially emerged as an adviser to more than one party in three separate instructions this year: the insolvency of TXU, advertising giant WPPs bid for Cordiant and the on-going battle to control UK supermarket group Safeway. A&O has strongly denied any wrong-doing, but a growing number of

Controversy over top London firms notoriously flexible stance on conflicts of interest is mounting following a series of high-profile deals that have this year seen UK firms apparently breach local bar rules. Read More »

There may be only four partners at Barlow Lyde + Gilbert, but they’re the hottest shop in London when lawyers find themselves sued for negligence.

Barlows has handled more reported negligence claims against law firms and solicitors in the past 12 months than any other firm. It acts for four London City firms and regularly receives instructions from three out of the five main legal insurers (The St Paul, Zurich and QBE), as well as the Solicitors Indemnity Fund (SIF)

There may be only four partners at Barlow Lyde + Gilbert, but they’re the hottest shop in London when lawyers find themselves sued for negligence. Read More »

It was a four day dispute between the wife of jailed peer Jeffrey Archer and her former personal assistant. The judge urged both women to call a truce to their dispute.

The Judge ruled that Lady Archer, 58 was entitled to a wide-ranging injunction against Jane Williams, her employee for 13 years until November 2001, and damages of £2,500. He said Lady Archer was not “a public figure” whose activities could be scrutinised in the public interest. Lady Archer alleged that Ms Williams, 49, was the

It was a four day dispute between the wife of jailed peer Jeffrey Archer and her former personal assistant. The judge urged both women to call a truce to their dispute. Read More »

He may have lived in California for the past 15 years, but former Auckland commercial lawyer Peter Cooper may be his home country’s first multi-billionaire. And its from US property, high-tech and venture capital investments. But home is still where the heart is: New Zealand.

Lawyer-turned-property investor Peter Cooper vanished from New Zealand nearly 15 years ago with hardly a trace. The sharemarket crash had ruined his businesses and opportunities, so he picked up where he left off as a schoolboy. At 38, he decided to try his luck again in the United States, but this time with wife Sue

He may have lived in California for the past 15 years, but former Auckland commercial lawyer Peter Cooper may be his home country’s first multi-billionaire. And its from US property, high-tech and venture capital investments. But home is still where the heart is: New Zealand. Read More »

Monty Python made ‘spam’ famous. It’s a luncheon meat but now best know as junk email and the meat-maker is looking for a legal remedy to stop email spam-blockers.

A landmark legal battle is looming over the use of the word “spam” by companies offering junk email blocking services. Hormel Foods, the makers of the luncheon meat made famous by a Monty Python sketch, is challenging a Seattle-based technology firm that wants to trademark “Spam Arrest” – the name of its software for email

Monty Python made ‘spam’ famous. It’s a luncheon meat but now best know as junk email and the meat-maker is looking for a legal remedy to stop email spam-blockers. Read More »

Merrill Lynch’s top lawyer is upbeat about the chances of dismissing remaining class action suits against the firm following last Tuesday’s lawsuits victory for the broker.

Merrill Lynch & Co.’s top lawyer is confident that remaining class-action lawsuits against the firm brought by investors who lost money during the dot-com boom of 1990s will be dismissed, according to an internal memo obtained by Reuters on Thursday. Rosemary Berkery, Merrill’s general counsel, offered the assessment to staff in an e-mail Wednesday afternoon

Merrill Lynch’s top lawyer is upbeat about the chances of dismissing remaining class action suits against the firm following last Tuesday’s lawsuits victory for the broker. Read More »

Lawyers have been running television and print advertisements seeking to attract angry investors after the $1.4 billion “global” settlement between regulators and 10 of Wall Street’s largest firms. Three Florida firms said they have signed up 10,000 clients between them.

Oklahoma City securities lawyer A. Daniel Woska has never seen a year like this before. Usually, the arbitration expert handles 20 to 50 cases a year for disgruntled investors seeking to recover their stock market losses from Wall Street firms. This year, Woska and a Houston firm have already teamed up to handle 330 complaints,

Lawyers have been running television and print advertisements seeking to attract angry investors after the $1.4 billion “global” settlement between regulators and 10 of Wall Street’s largest firms. Three Florida firms said they have signed up 10,000 clients between them. Read More »

American Lawyer have completed their survey of the top 100 firms. Their quick question for readers? How much did average profits per equity partner at Am Law 100 firms increase last year — 10.6 percent, 6.9 percent or 1.5 percent?

10.6 percent was the rate of profit growth at Am Law 100 firms in 1999, the last full year of the stock market boom. But the 1.5 percent figure is wrong, too. That was the rate of profit growth at Am Law 100 firms in 1992, the last time the economy languished in the second

American Lawyer have completed their survey of the top 100 firms. Their quick question for readers? How much did average profits per equity partner at Am Law 100 firms increase last year — 10.6 percent, 6.9 percent or 1.5 percent? Read More »

London-based Allen & Overy has been hit by a series of sex and race discrimination allegations by members of staff in the past year, with five claims settled internally or outstanding.

The latest claims — which are being brought against the firm by intranet projects manager Shazia Wahab — were reaching the close of an employment tribunal. Wahab has made two separate claims against the firm for discrimination covering sex and race, and discrimination against her as a part-time employee. The Department of Trade & Industry

London-based Allen & Overy has been hit by a series of sex and race discrimination allegations by members of staff in the past year, with five claims settled internally or outstanding. Read More »

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