Manchester City face wait until 2027 for punishment in Premier League dispute March 8, 2023 It may take as long as four years for Manchester City to receive punishment if found guilty of perpetrating the biggest financial scandal in Premier League history. City were charged last month with more than 100 alleged rule breaches dating back to 2009, including falsely reporting income and the salaries of players and managers, and [...]
In-house lawyers will need both investment and a more proactive approach to survive, says senior PwC exec March 8, 2023 PwC is seeking to profit on the global downturn by offering companies advice on ways they can overhaul their in-house legal segments, to boost growth and cut costs. The Big Four firm is claiming businesses must fundamentally transform their in-house legal departments, in order to survive in an increasingly competitive world. This means turning risk [...]
United Utilities sewage dumping case heads to Supreme Court March 6, 2023 The UK’s largest listed water company, United Utilities, heads to the Supreme Court this week in a fight over discharge of sewage into the country’s waterways. The Manchester Ship Canal Company, which owns the 36-mile long canal that links Manchester to the Irish Sea, is claiming the water firm’s sewage disposal methods are akin to [...]
UK’s Serious Fraud Office to face Kazakh miner ENRC in court as decade-long legal fight continues March 6, 2023 The UK’s Serious Fraud Office (SFO) will today face Kazakhstani mining company ENRC in London’s High Court, as it continues its fight against the British government agency almost 10 years after it first launched an investigation into the former FTSE 100 firm. The SFO first launched its investigation into ENRC in April 2013 in relation [...]
Law Society takes government to court over solicitors’ legal aid fees March 1, 2023 The Law Society is seeking to force the UK government to give criminal solicitors a 15 per cent pay hike by taking the matter to court. The legal sector trade body is calling on the Ministry of Justice (MoJ) to give criminal solicitors a pay rise that matches the 15 per cent hike given to [...]
Brexit-backer Arron Banks wins appeal in Carole Cadwalladr libel case February 28, 2023 Brexit-backer Arron Banks has won an appeal in his libel lawsuit against investigative journalist Carole Cadwalladr. The UK’s Court of Appeal today said Cadwalladr should pay libel damages to Banks over claims she made in a 2019 Ted Talk concerning the Brexit campaigner’s purported links to Russia. Today’s decision saw the Court of Appeal overturn [...]
Pay for top City lawyers surged to £740,000 as most firms cashed in on Covid profits February 28, 2023 Top City lawyers saw their annual payouts surge in 2022, as a boom in demand for legal services bolstered the sector’s profits. Partners in City law firms saw their annual payouts increase by 15 per cent, to £738,728, as Covid-19 drove a boom in legal sector revenues, new Crowe research shows. The higher payouts [...]
Former Met police detective sues ex-City lawyer over ENRC hacking claims February 27, 2023 A former Metropolitan police officer has accused an ex-City lawyer of trying to hack his emails to steal information about Kazakh mining company ENRC. Former detective Cameron Findlay has claimed ex-Dechert partner Neil Gerrard orchestrated a campaign of ‘spear-phishing’ attacks against him during a court dispute surrounding the Kazakh firm, US court papers show. A [...]
Monzo and Wise founders back £8.8m Robin AI robot lawyer project February 27, 2023 A City computing company has raised $10.5m (£8.8m) from backers including top execs from Magic Circle law firm Clifford Chance to develop an artificial intelligence (AI) driven, robot lawyer. The founders of fintech firms Monzo and Wise have also thrown their weight behind London’s Robin AI, which is seeking to disrupt the legal sector with [...]
Norwegian billionaire fails to overturn conviction for lying to UK court in £285m Deutsche Bank dispute February 26, 2023 Norwegian billionaire Alexander Vik has failed to overturn a conviction for lying to a UK court during a £285m dispute with Deutsche Bank. Deutsche Bank first sued the magnate’s company, Sebastian Holdings, back in 2009 over a series of loss-making foreign exchange deals, and the court has since ordered the firm to pay $243m (£203m) [...]