Suzi Ring

October 16, 2012 | International Edition

Addleshaw Goddard has received around £50m in fees from its representation of Boris Berezovsky over the last four years, as details of the Russian oligarch's £20m fees to the Bar have also emerged. The UK top 20 law firm has generated total fee income of £50m since taking on the mandate in January 2009, including a £15m success fee relating to Berezovsky's recent settlement with the family of now-deceased Georgian billionaire, Arkady 'Badri' Patarkatsishvili.

By Suzi Ring

3 minute read

October 12, 2012 | International Edition

Kennedys is in early-stage merger talks with top-tier aviation outfit Gates and Partners, in a move which could see the insurance firm branch out into the lucrative aerospace market for the first time. If the tie-up goes ahead it will see Kennedys move into a sector currently monopolised by a small number of firms including Clyde & Co, Holman Fenwick Willan and Norton Rose.It is understood talks between the two firms only started in recent weeks.

By Suzi Ring

2 minute read

October 12, 2012 | International Edition

Russian oligarch Boris Berezovsky has agreed to pay £35m of Roman Abramovich's £40m legal costs today (12 October) following his high-profile litigation defeat to the Chelsea FC owner earlier this year. Berezovsky, who has been represented by Addleshaw Goddard on the long-running litigation since 2008, has agreed to pay the majority of Abramovich's costs after losing the $6bn (£3.8bn) court battle.

By Suzi Ring

2 minute read

October 11, 2012 | International Edition

Some of New York's leading law firms have taken steps to reposition their business in response to falling client demand and pressure on fees for the most junior US lawyers.

By Suzi Ring

4 minute read

October 11, 2012 | International Edition

Cravath Swaine & Moore is set to relocate its high-profile global M&A head Richard Hall to London in a bid to boost its corporate footprint in Europe.

By Suzi Ring

2 minute read

October 11, 2012 | International Edition

Field Fisher Waterhouse and Travers Smith have both taken roles advising on Scottish football club Rangers' proposed £20m float on the Alternative Investment Market (AIM). Field Fisher is advising Rangers on the listing led by London corporate partner Christine Phillips, while Travers is acting for Cenkos Securities, the securities adviser on the float, led by corporate finance and M&A partner Philip Cheveley.

By Suzi Ring

2 minute read

October 10, 2012 | International Edition

Claimants with conditional fee arrangements (CFAs) drawn up before 1 April 2013 will not benefit from the 10% increase in damages payouts set to come into effect next year, following a ruling handed down today (10 October). In today's judgment in Simmons v Castle, the Court of Appeal (CoA) has clarified that claimants with existing CFAs will not be eligible to benefit from both the recovery of their success fees and after-the-event (ATE) insurance available under current legislation, as well as the 10% increase in damage payouts set to take effect in 2013.

By Suzi Ring

3 minute read

October 10, 2012 | International Edition

Berwin Leighton Paisner (BLP) and Eversheds have advised on the Football Association's (FA's) new £105m centre of excellence, which was officially opened yesterday (9 October) by the Duke and Duchess of Cambridge. BLP took the lead role for the FA on the development of the St George's Park complex in Staffordshire - which is aimed at raising standards in the game in England - fielding a team led by construction and engineering City partner Nazir Dewji with London hotels partner Nick Skea-Strachan.

By Suzi Ring

2 minute read

October 09, 2012 | International Edition

High-profile judge Constance Briscoe has been suspended from the judiciary pending a police investigation into allegations against her. Briscoe is understood to have been arrested in Clapham last weekend by officers from Kent police service and is currently released on bail.

By Suzi Ring

2 minute read

October 04, 2012 | International Edition

There are high hopes for a new initiative to allow barristers to manage client money. Suzanna Ring reports

By Suzi Ring

6 minute read