Barclays has told a London court that it rightfully refused to transfer approximately $13 million back to a sanctioned shipping company at Reed Smith LLP's request after a collapsed tanker deal, arguing that it declined so it could avoid violating sanctions.
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TOP NEWS

Reed Smith's $13M Ask May Breach Sanctions, Barclays Says

By William Janes

Barclays has told a London court that it rightfully refused to transfer approximately $13 million back to a sanctioned shipping company at Reed Smith LLP's request after a collapsed tanker deal, arguing that it declined so it could avoid violating sanctions.

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Top KC Denies Ignoring Post Office Prosecution Issues

By Sophia Dourou

A barrister who advised the Post Office on its past prosecutions has denied "turning a blind eye" by not investigating why an expert witness whose evidence was used to convict innocent people misled the courts, as he appeared before an inquiry on Wednesday.

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Solicitor Struck Off For Asking Client For Sexual Images

By William Janes

A tribunal struck off a solicitor on Wednesday after concluding that he dishonestly persuaded a vulnerable client to send him sexually explicit images by falsely claiming he needed them to prevent her ex-husband from posting them as revenge porn.

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POLICY & REGULATION

CILEX Watchdog Doubles Down On SRA Regulation Concerns

By Jamie Lennox

CILEX Regulation Ltd. on Wednesday reaffirmed its longstanding concerns over proposals for the Chartered Institute of Legal Executives to drop its specialist regulator and hand over responsibilities to the Solicitors Regulation Authority.

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PEOPLE

Linklaters Hires M&A Pro From Travers Smith

By Ashish Sareen

Partner losses at Travers Smith LLP are continuing to mount after Linklaters LLP said on Wednesday that it has recruited a corporate specialist from the troubled U.K. law firm.

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RPC Hires New Competition Chief From MoFo

By Hanna Vioque

Reynolds Porter Chamberlain LLP has hired a new partner to lead its London competition practice who brings more than a decade of experience advising on global antitrust issues at Morrison Foerster LLP.

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Squire Patton Hires Partner Trio As UK Expansion Continues

By Ashish Sareen

Squire Patton Boggs LLP said Wednesday that it has hired three partners in Birmingham and London in a move to boost its offerings in litigation; leveraged finance; and environmental, social and governance.

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White & Case Grows Milan M&A Office With Ex-Shearman Pro

By Tom Fish

White & Case LLP has bolstered its global mergers and acquisitions practice and private equity industry group with the recruitment of a senior dealmaker as a partner.

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EXPERT ANALYSIS

Law Firm Considerations In Attracting And Retaining Talent

As law firms move away from a solely seniority-based partner remuneration model toward a reward performance system, they need to look holistically at overall contribution, maintaining an effective hierarchy of entrepreneurial senior partners, diligent management and hardworking junior staff in order to incentivize the stars they wish to keep, says Catriona Watt at Fox & Partners.

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LAW FIRMS IN TODAY'S NEWS

2 Bedford Row

3 Verulam Buildings

4 New Square

7 King's Bench Walk

A&O Shearman

Clyde & Co

DWF LLP

Eversheds Sutherland

Fieldfisher

Fountain Court Chambers

Freshfields

Goodwin Procter

Herbert Smith Freehills

Latham & Watkins

Linklaters

Mills & Reeve

Morrison Foerster

Osborne Clarke

Paul Weiss

Reed Smith

Reynolds Porter

Ropes & Gray

Shearman & Sterling

Sidley Austin

Squire Patton

Travers Smith

White & Case

Zaiwalla & Co

COMPANIES IN TODAY'S NEWS

British Broadcasting Corp.

Qatar Investment Authority

Solicitors Regulation Authority Ltd.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition and Markets Authority

Office of Foreign Assets Control