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International Edition

LG scores role on BBA investigation into Libor fixing scandal

LG has picked up a lead role advising the British Bankers Association (BBA) on an independent investigation into the Libor rigging scandal. The firm, which is fielding a team led by employment partner Helga Breen, was appointed last week after the BBA confirmed an investigation prompted by evidence of rate rigging gathered by the Financial Services Authority (FSA), the US Commodity Futures Trading Commission and the US Department of Justice (DoJ).
2 minute read

International Edition

Reasonable doubt - White & Case's pro bono work on a 30-year-old murder case

Lawyers from White & Case's City office work to clear a man's name in a 30-year-old murder case. Chris Johnson reports
7 minute read

International Edition

Regulator gives go-ahead for aptitude test for aspiring Bar students

Plans to introduce an aptitude test for budding barristers have been given the go-ahead by the Legal Services Board (LSB). The proposed Bar Course Aptitude Test (BCAT) would be compulsory for prospective Bar Professional Training Course (BPTC) students, in an effort to tighten entry requirements by setting a minimum required standard.
2 minute read

International Edition

Paddy Power instructs Charles Russell for LOCOG legal action

Charles Russell has been instructed by online betting site Paddy Power to take legal action against the London Organising Committee of the Olympic and Paralympic Games (LOCOG) for allegedly taking down its advertising. The bookmaker is seeking a court order against the London Olympic 2012 organisers, after LOCOG allegedly instructed advertising company JCDecaux to remove Paddy Power's latest advertising campaign from high-profile poster sites around the capital.
2 minute read

International Edition

Devereux corporate crime silk takes Treasury role on Libor inquiry

Devereux Chambers' Jonathan Fisher QC has been instructed to advise the Treasury Committee on its investigation into the Libor rate-rigging scandal, as details of the inquiry continue to emerge. Fisher, who specialises in cases involving corporate and financial crime, was appointed to advise Parliament on the inquiry earlier this month.
2 minute read

International Edition

Career Clinic: Pupillage was a mistake - should I switch to a career as a solicitor?

"At the senior end, QCs with lucrative paper practices probably enjoy a more comfortable lifestyle than magic circle partners with their billing targets and constant marketing/networking..."
2 minute read

International Edition

Ex-Freshfields senior partner Salz confirmed as head of Barclays probe

Former Freshfields Bruckhaus Deringer senior partner Anthony Salz has been confirmed as the head of an independent inquiry launched by Barclays in the wake of the Libor rate-rigging scandal. Salz (pictured), who is currently a vice-chairman at investment bank Rothschild, is also set to appoint an external professional services firm to assist with the probe into the bank's culture and practices. He will report to Barclays deputy chairman Sir Michael Rake and a sub-committee of the Barclays board, with a "senior independent individual" set to be named as his deputy.
3 minute read

International Edition

Freshfields, MoFo join Libor line-up with key banking inquiry roles

Freshfields Bruckhaus Deringer and Morrison & Foerster (MoFo) have become the latest law firms to pick up advisory roles related to the Libor scandal, with Freshfields acting for the Bank of England (BoE) and MoFo taking the lead for former Barclays COO Jerry del Missier. Freshfields dispute resolution partner Ian Taylor is leading the team acting for the magic circle firm's institutional client, which this week saw its governor Sir Mervyn King appear before the Treasury Select Committee to face questions over the rate-fixing scandal.
2 minute read

International Edition

Ex-Herbert Smith alliance leader exits Stibbe to launch new boutique

The former secretary general of the now-defunct Herbert Smith alliance, Olivier Clevenbergh, is set to leave Benelux firm Stibbe to launch his own boutique. Clevenbergh, who was secretary general of the decade-long alliance between Herbert Smith, Stibbe and Germany's Gleiss Lutz from July 2011 until the relationship officially ended in December last year, handed in his notice last week.
2 minute read

International Edition

Dechert joins Norton Rose with role for ex-Barclays chief Diamond

US law firm Dechert has confirmed it is representing former Barclays chief executive Bob Diamond over the Libor rate-fixing scandal that has rocked the banking sector. White-collar defence partner Andrew Levander is taking the lead role for Diamond as the investigation into the manipulation of benchmark interest rates continues.
2 minute read

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