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International Edition

Barlows takes lead as Moore Stephens escapes negligence claim

The $173.6m (£89m) negligence claim brought by the creditors of failed UK company Stone & Rolls against accountancy firm Moore Stephens was struck out by the House of Lords yesterday (30 July). The failure of the case - one of the largest and most high-profile claims funded by a third party in the UK - will be seen as a blow for backers IM Litigation Funding.
2 minute read

International Edition

Northern Rock shareholders fail in bid to secure improved compensation

The Northern Rock shareholders have lost their appeal to secure improved compensation following the nationalisation of the lender, with the claimants now prepared to take their case all the way to Europe. A judgment handed down yesterday (28 July) in the Court of Appeal supported a February decision, which scuppered the attempts of more than 150,000 private shareholders to increase their compensation level. The judgment followed a three-day hearing in June before the Master of the Rolls Sir Anthony Clarke, Lord Justice Laws and Lord Justice Waller.
2 minute read

International Edition

OFT criticises plans for 'unnecessary' BVC aptitude test

The Office of Fair Trading (OFT) has criticised plans by the Bar Standards Board (BSB) to bring in a compulsory aptitude test for entry to the Bar Vocational Course (BVC). The test was one of a number of recommendations made last year by a BVC working party chaired by Derek Wood QC.
2 minute read

International Edition

Clydes boosts disputes practice with Halliwells partner hire

Clyde & Co has continued its hiring spree with the addition of commercial disputes partner Marko Kraljevic. Kraljevic joins the insurance specialist from Halliwells, where he was a partner in the firm's London office. His practice focuses on international arbitration in international trade, shipping, trade contract disputes and international investment within the shipping, petroleum and coal industries.
2 minute read

International Edition

Career Clinic: Would a career break at 1PQE be a mistake?

"I lost my job as a junior finance litigator a few months ago. Since then I have been looking for work, but I have still not been able to find a new role. "I am now thinking about taking a year out to do either a Masters or voluntary work overseas. However, as I only have one year's PQE, part of me thinks that I should continue looking for work and gain more experience in commercial law before taking a 'career break'.
2 minute read

International Edition

Lord Neuberger named as new Master of the Rolls

Lord David Neuberger has been appointed as the new Master of the Rolls, succeeding Lord Anthony Clarke. Neuberger will become the ninety-fifth Master of the Rolls on 1 October this year when Clarke joins the Supreme Court after a four-year term.
2 minute read

International Edition

Professional negligence: The quiet revolution

Quietly changing third-party funding regulations have left a series of pitfalls for unwary solicitors. Jamie Carpenter reportsA quiet revolution has taken place in the law relating to third-party funding. Not so long ago, the idea of a party financing a claim in which it had no interest in return for a share of the proceeds would have been met with a cry of 'champerty', but under the banner of 'access to justice' parliament and the courts have, in recent years, opened the doors to forms of litigation funding which would have been unthinkable a generation ago.
5 minute read

International Edition

PwC bulks up legal arm with trio of private practice hires

PricewaterhouseCoopers (PwC) is bulking up its UK legal arm with a triple partner hire, with professional services rival Deloitte also extending its legal capacity. PwC Legal has hired Beachcroft partner Stephen Gummer to head its employment team as well as hiring McDermott Will & Emery employment partner Vanessa Morgan. Both have resigned from their current firms and will join PwC Legal later this year. The hires will take the employment group to five partners, including Ed Stacey, who is joining from PwC's in-house legal team.
2 minute read

International Edition

Twelve firms sign up for College of Law disputes training

Twelve City law firms have signed up to the College of Law's dispute resolution training consortium. The programme of twelve courses concentrates on the basics of litigation and alternative dispute resolution, and will be taught to lawyers from zero to three years' post qualification experience. It follows similar pooled training programmes that have been introduced during recent years in the areas of corporate, property and banking.
2 minute read

International Edition

Field Fisher hires Halliwells partner in litigation boost

Field Fisher Waterhouse has made its eighth lateral partner hire so far this year, with the City law firm set to boost its disputes practice. Commercial litigation partner Michael Mulligan will join the dispute resolution practice on 1 September from Halliwells, bringing with him a practice focused on contentious insolvency, asset recovery and fraud work.
2 minute read

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