Charles Russell Sued Over Soured Deal For Cloud Tech Co.

Law360, London (October 7, 2020, 5:03 PM BST) -- Two business owners have sued Charles Russell Speechly LLP in London alleging that bad legal advice stiffed them out of approximately £3.8 million ($6.4 million) when they sold a stake in their IT company to a private equity firm.

In a Sept. 23 claim with the High Court, Paul Richards and Keith Purves argued the law firm — created from the 2014 merger of Charles Russell and Speechly Bircham — was liable for the advice they received on the sale of their 42.95% stakes in IP Solutions UK Ltd., a cloud-based technology company founded in 2001.

The claimants hired Speechly Bircham...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!