UK government seeking to give courts new powers to track down crypto assets February 25, 2022 The UK government is drawing up new rules to tackle crypto fraud, with a view to making it easier for courts to trace crypto assets. Speaking at a legal conference yesterday, Sir Geoffrey Vos, one of Britain’s most senior judges, said a sub-committee of the body that writes the rules for civil courts, is seeking [...]
Exclusive: World’s biggest litigation funder Harbour strikes £2m deal with sports lawyers to fund ‘no win, no fee’ FIFA lawsuits February 24, 2022 Private litigation funder Harbour has struck a £2m deal with specialist law firm Morgan Sports Law, through which Harbour plans to cover footballers’ legal costs in employment disputes put forward on a “no win, no fee” basis. Harbour will cover any legal costs in disputes between professional footballers and their employers, and take a cut [...]
Clifford Chance tech lawyer says London law firm should adopt Silicon Valley work culture February 23, 2022 A rising star lawyer at Magic Circle law firm Clifford Chance has called on the Canary Wharf headquartered firm to appoint a “Chief Happiness Officer” after submitting a manifesto to his colleagues calling on the firm to create a Californian style work culture. Clifford Chance partner Jonathan Kewley, who is standing for the position of [...]
City exclusive: London court issues arrest warrant for high-profile venture capitalist Julie Meyer February 23, 2022 The High Court has issued an arrest warrant for Julie Meyer, the founder and CEO of Swiss investment fund Viva Investment Partners (VIP), after she failed to attend a court hearing last week. The decision to issue a warrant for Meyer’s arrest comes after the High Court this month handed the high-profile businesswoman a [...]
Hogan Lovells posts ‘strongest overall results in history’ on the back of M&A boom February 22, 2022 Partners at Hogan Lovells are set to receive £1.8m, the law firm said today, after it posted record global revenues of almost £1.9bn for the financial year 2021. Anglo-American law firm Hogan Lovells today posted record revenues of £1.895bn for FY 2021, on the back of booming demand for its M&A services, following a record [...]
Lawyers are just as miserable as everyone else, but are considerably more likely to have a drinking problem February 21, 2022 Lawyers are not any more miserable than people working in other professions, such as medicine or dentistry, according to new research from Yale University. However, lawyers are significantly more likely to have a drinking problem. New research from Yale Law School found that lawyers are marginally less likely to suffer from a serious mental [...]
Gunnercooke becomes first UK law firm to take payments in cryptocurrency February 21, 2022 London law firm Gunnercooke has become the first major UK headquartered law firm to accept payments in the form of cryptocurrency. In a statement, the City of London litigator said it had partnered with British cryptocurrency exchange Coinpass, to accept payments in the form of both Bitcoin and Ether. Gunnercooke’s decision to begin accepting payments [...]
Law firms match investment banks in handing out UK’s highest graduate salaries February 21, 2022 The City of London’s law firms are now the UK’s highest paying graduate employers, according to new figures from High Fliers, which show UK law firms have now matched investment banks in offering graduates average salaries of £50,000 a year. The graduate salaries paid out by Britain’s major law firms are now on par with [...]
Dechert and Fried Frank up new lawyers pay as salary battle rages on February 21, 2022 Dechert and Fried Frank have both upped the salaries they pay out to newly qualified lawyers, as the pay battle continues. Dechert confirmed to City A.M. that it has increased pay for newly qualified associates in its London office from £125,000 to £140,000. The Philadelphia firm’s 12 per cent pay rise for newly qualified associates [...]
Hogan Lovells to leave its London HQ for new development opposite its current premises February 21, 2022 British-American law firm Hogan Lovells has said it will leave its City of London headquarters, to move to new premises opposite its current building, after London firm PLP Architecture got the go ahead for plans to build 36,000 square metres of office space on Holborn Viaduct. Hogan Lovells said it will move to other side [...]