Freshfields: Revenue passes £2bn at Magic Circle law firm but profit cut Legal Profit at Magic Circle law firm Freshfields was cut during its latest financial year despite its revenue passing £2bn for the first time. Freshfields has reported a pre-tax profit of £668.9m for the 12 months to 30 April, 2024, according to newly-filed accounts with Companies House. Profit before partners’ annuities increased from £497.8m to £675m. [...]
Inside the bitter court battle over Yodel’s future – and why it matters Business An increasingly bitter legal battle has broken out between Yodel and the entrepreneur who attempted to rescue the delivery giant last year. In the one corner is the Liverpool-headquartered company and its chief executive, Mike Hancox. In the other is the man who led that aborted rescue deal – which ended up falling through last [...]
Wealthy man’s stripped back negligence claim against Clyde & Co ‘must go to trial’ legal A wealthy businessman’s stripped-back claim against Clyde & Co ‘must go to trial’ after a judge threw out his case against two XXIV Old Buildings barristers. Riad Tawfiq Al Sadik, who owns the largest construction and engineering company in the UAE, filed a professional negligence against City law firm Clyde & Co, barristers Michael Black [...]