Credit: zgphotography/Adobe Stock UK Top 50 Full Results: PEP Hits a Wall As Uncertainty Lingers
The full ranking of the top 50 U.K. law firms for the 2019-20 financial year shows Brexit negotiations and the coronavirus pandemic contributed to a slump in both revenue and PEP growth rates.
September 15, 2020 at 07:01 AM
5 minute read
Analysis
Profit per equity partner growth across the U.K.'s 50 largest law firms slowed to a near halt in the last financial year, Law.com International research has found, as firms grappled with Brexit fears, a general election and the pandemic lockdown.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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