Top Stories

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  Pinsent Masons Self-Reports To SRA Over Lawyer's Use Of AI

  By Eddie Beaver

  Pinsent Masons LLP has referred itself to the Solicitors Regulation Authority after admitting that one of its ju...(read more)

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  PrivatBank Beats Ex-Owners' Bid To Appeal $3B Fraud Ruling

  By Sophia Dourou

  The former owners of PrivatBank failed on Friday to overturn a finding that they owe the Ukrainian lender $3 bil...(read more)

• Law Firms Weigh Secretive Pay Models To Keep Top Partners

  By Marialuisa Taddia

  Traditional equity structures that allow partners to see each other's pay are coming under strain as law firms pursue growth, prompting more firms to consider opaque "black-box" compensation systems that keep partner pay confidential, recruiters and advisers say.

• Energy Trader Gets October Trial In Hormuz Benchmark Row

  By Ronan Barnard

  Mercuria Energy Group secured an expedited October trial on Friday in its claim against Baltic Exchange for allegedly failing to factor the essential closing of the Strait of Hormuz into an oil trading benchmark, after Mercuria argued it would affect the entire market.

• Rosenblatt Defeats Ex-Partner's Bid To Revive Race Bias Case

  By Hanna Vioque

  An appellate tribunal refused on Friday to revive a former Rosenblatt partner's race discrimination claims against the law firm's senior figures and former chief executive, concluding that an executive's use of an inflammatory slur for Black people wasn't enough to prop up his case.  

• Estée Lauder, Spanish Beauty Co. Puig End Merger Talks

  By Tom Fish

  Estée Lauder and Spanish beauty group Puig Brands SA have ended discussions over a potential business combination that would have created a $40 billion global luxury cosmetics company, as the U.S. group reaffirmed confidence in its turnaround strategy.

• Latham, PedersoliGattai Lead Funds In €10.7B Recordati Bid

  By Najiyya Budaly

  Investment firms CVC and Groupe Bruxelles Lambert said Friday that they are heading up a group of investors that will buy Recordati SpA for €10.7 billion ($12.4 billion) in a move to take the Italian pharmaceuticals company private.

• Businesses Ask Top UK Court To Clarify Whistleblowing Law

  By Joanne Faulkner

  Two businesses urged Britain's highest court on Thursday to rule that whistleblowers suing over unfair dismissal cannot also pursue separate claims for detriment arising from the same dismissal in a case that could reshape the scope of protection under the Employment Rights Act.

• Former LC&F Boss Imprisoned For Contempt Of Court

  By Sophia Dourou

  The former boss of London Capital & Finance PLC was hit with a six-month prison sentence Thursday for breaching an order imposed by the Serious Fraud Office during an investigation into the £237 million ($317.9 million) collapse of the company.

• Dentons Wins 65% Of Its Costs From SRA Over AML Case

  By Christopher Crosby

  An English appeals court ruled Thursday that the Solicitors Regulation Authority might have to pay Dentons more than £515,000 ($690,000) over the watchdog's failed attempt to prosecute the firm for breaching the U.K.'s money laundering rules. 

• King Charles Charity Beats £6M Claim Over Axed Fundraising

  By Eddie Beaver

  Two charities, including one founded by King Charles, persuaded a London court on Thursday to throw out a £6 million ($8 million) claim for breach of contract over a canceled fundraising initiative as a judge found that no agreement for the project was ever finalized.

• Linklaters Guides £200M Pension Deal For Standard Life

  By Martin Croucher

  Standard Life PLC has said it has insured £200 million ($268 million) of the liabilities of its own staff pension program, in a deal guided by Linklaters.

• Lords Launch Probe Into Regulation Of Consumer Insurance

  By Joel Poultney

  A cross-party House of Lords committee said Thursday that it has launched an investigation into the regulation of the consumer insurance market to ensure oversight of home and travel cover is working effectively for customers in Britain.

• Employment Lawyers Propose 'Radical' Tribunal Reform Plan

  By Adele Redmond

  Employment lawyers are calling for "radical reform" of the workplace disputes resolution system, saying in research published on Thursday that compulsory mediation and a multi-track system based on the value of claims would improve access to justice as a backlog of cases at the Employment Tribunal grows.