News – Page 159
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NewsCobbetts administration costs top £1m as creditors wait
To date, £3.9m has been received as part of the sale of the business and certain assets.
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NewsSociety pledges fresh support for criminal solicitors
Chancery Lane proposes strategy of mediation to practitioner groups, but will provide financial backing for legal challenge if this fails.
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NewsMishcon leads profit growth at top-40 firms
PEP rose at top-40 firms Mischon de Reya, Simmons & Simmons, Pinsent Masons and Field Fisher Waterhouse for the year 2013/14.
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NewsInternational giants report first post-merger results
Ashurst reports profits per partner up 22% on turnover up 6% on like-for-like basis.
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NewsAid cuts leave thousands in hands of amateur lawyers, MPs told
84Justice committee takes evidence from the Law Society, Bar Council and Legal Aid Practitioners Group on the impact of civil legal aid cuts.
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NewsFreshfields and Linklaters report 6% PEP growth
Four magic circle firms have now reported strong profit increases for 2013/14.
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NewsLPC applications down by 10%
This is the second consecutive year of decline, according to figures seen by the Gazette.
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NewsConcerns over medical negligence surge
Medical negligence claims are not covered by fixed costs rules imposed on most personal injury work in 2013.
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News
Appeal judge’s anger at ‘depressing litigation’
Lord Justice Tomlinson ‘unhesitatingly’ allows appeal after the original judge had stopped a case for non-service within four-month period.
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NewsMitchell judgments restore co-operation to litigation – Law Society
Reaction largely positive from across the legal profession.
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NewsFreshfields emerges as leading global M&A adviser
Two market studies rank the firm second and third for the total value of deals it advised on in the first half of 2014.
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NewsSociety names IT partner for online conveyancing
Joint venture to create system to speed up conveyancing process.
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NewsLloyds defends recovery letters naming ‘SCM Solicitors’
Law firm was dissolved in 2011, but bank insists it makes clear SCM now part of in-house litigation.
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NewsReport calls for higher fees to boost mediation
Mediation taskforce report calls for £100 rise in settlement fees for solicitors.
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NewsPEP rises 12% at Herbert Smith Freehills
HSF reveals profits of £232m and income of £800m in the firm’s first full-year results following its merger.
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NewsProfits up 8% at Nabarro
International expansion played a key part in the firm’s strategy for 2013/14.
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NewsAllen & Overy posts ‘highest ever’ revenue and profit
Magic circle outfit makes hay from ‘more stable’ global markets.
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News‘Fast-track’ patent highway to China opens
The UK partners with China’s State Intellectual Property Office to accelerate patent applications.
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NewsSimpson Millar begins post-buyout acquisition spree
The consumer firm, which became part of the Fairpoint Group last month, has snapped up Bristol-based Foster & Partners.
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NewsProfits surge on record income at Clifford Chance
The magic circle firm says its bullish performance reflects an ‘uptick in the transactional markets’.