Clyde & Co. LLP reported a modest increase in firmwide revenue to £857 million ($1.16 billion) on Friday while its profit fell 10% in a year in which it traded against a backdrop of macroeconomic headwinds and reduced the size of its Australian operation.
Clyde & Co. LLP reported a modest increase in firmwide revenue to £857 million ($1.16 billion) on Friday while its profit fell 10% in a year in which it traded against a backdrop of macroeconomic headwinds and reduced the size of its Australian operation.
Stephenson Harwood LLP has recorded a slight dip in revenue to £303 million ($407 million) and a double-digit decrease in profit in its latest results, which it says reflects the timing of disputes concluding during the last financial year.
Over the past week BCLP hired partners from Baker Botts and Squire Patton Boggs, Cleary added a CMA senior director to its partnership, King & Spalding continued its raid of WilmerHale with two arbitration specialists, and Kennedys' head of white-collar crime left for Lewis Silkin.
Ayaz Qazi KC said Friday he would withdraw from representing a businessman convicted of a £6 million ($8 million) investment fraud, telling a confiscation proceedings hearing in London that there had been a "dramatic shift" in his client's declared financial position.
Cooke Young & Keidan has defeated a £20 million ($27 million) professional negligence counterclaim brought by a former client in a row over the firm's demand for fees that arose from its representation of the businessman in his legal dispute with a bank.
London-based litigation funder Fenchurch Legal has settled a dispute with an investment manager and a defunct lender that has clashed with the investment manager over a multimillion-pound loan.
The past week in London has seen Cleary Gottlieb sued by a former client it advised on the proposed sale of a holding company and the continuation of litigation between pharma giants Merck Sharp & Dohme and Merck KGaA over rights to the Merck name in the U.K.
The legal industry kicked off August with leadership changes at the American Bar Association and a flurry of attorney moves. Test your legal news savvy here with Law360 Pulse's weekly quiz.
