Top Stories

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  London Aims For Global Appeal With Continuous Trading

  By Najiyya Budaly

  The London Stock Exchange said Tuesday that it will allow worldwide investors to trade on its platform continuou...(read more)

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  Linklaters Posts 11% PEP Gain As US Growth Accelerates

  By Marialuisa Taddia

  Linklaters LLP said Tuesday that profit per equity partner rose by more than 11% as the firm continued to push f...(read more)

• Travers Smith Posts Record £229M Turnover

  By Ashish Sareen

  Travers Smith reported on Tuesday that turnover has recovered to hit an all-time high of almost £230 million ($308 million) and that revenue per lawyer and partner profits also reached record levels, driven by growth across its operations.

• 'Devious' Castle Fraud Solicitor Hid Assets, Prosecutor Says

  By Sophia Dourou

  A solicitor imprisoned for defrauding a client of £10.3 million ($13.8 million) in a sham deal to buy a Scottish castle has enough hidden assets to pay back his victim, a prosecutor told a confiscation hearing Monday.

• Carter-Ruck Challenge Threatens SRA Misconduct Cases

  By Marialuisa Taddia

  Carter-Ruck's upcoming challenge to the Solicitors Regulation Authority's demand for documents that the law firm says are protected by legal professional privilege could reshape how the SRA investigates SLAPPs and the misuse of client funds — even if the regulator wins.

• Burnham Vows 'Circuit Breaker' Moment As He Becomes PM

  By Alex Davidson

  Andy Burnham succeeded Keir Starmer as British prime minister on Monday, pledging to end four decades of private sector-led policy by expanding state control over people's well-being and the economy.

• J&J Talc Claim Set To Shrink As Claimants Seek Early Exit

  By Ronan Barnard

  More than 1,000 claimants are set to be withdrawn from group litigation alleging that Johnson & Johnson knowingly sold baby powder contaminated with asbestos in the U.K., though a London judge decided against striking them out.

• Alibaba Co. Fined €550M By EU Over Illegal, Unsafe Products

  By Sophia Dourou

  The European Union fined online retailer AliExpress €550 million ($629 million) on Monday for failing to prevent the sale of illegal, unsafe and counterfeit products on its platform, the largest-ever financial penalty handed for breaching the bloc's digital rules.

• PRA Hits Insurer With £4.1M Fine For Inaccurate Reporting

  By Alex Davidson

  The Prudential Regulation Authority said Monday that it has fined HDI Global SE £4.1 million ($5.2 million) for inaccurately reporting potential claims data to a program that compensates consumers if an insurer collapses.

• Ex-Barclays VP Rekindles Race Discrimination Claims

  By Jamie Lennox

  A London appellate judge has revived race discrimination claims brought by a former Barclays vice president, overturning a ruling by an earlier tribunal that the executive had waited too long to bring his case.

• UK Eyes Lifting DBA Funding Ban In Opt-Out Class Actions

  By Joanne Faulkner

  The government has proposed lifting the ban on damages-based agreements in opt-out competition claims, saying the move could expand funding options and reduce costs as part of a wider review of the collective proceedings regime.

• O'Melveny-Led Samsung Biologics To Buy Drug Co. For $1.8B

  By Tom Fish

  Samsung Biologics said Monday it has agreed to acquire Swiss drug manufacturer PolyPeptide Group in an all-cash deal worth 1.46 billion Swiss francs ($1.8 billion), accelerating the South Korean company's expansion into the growing peptide biopharmaceutical sector.

• REIT Segro Bats Away Latest £13.5B Prologis Offer

  By Najiyya Budaly

  London-listed Segro said Monday that it has rejected a third takeover approach from U.S. real estate investment trust Prologis valuing it at £13.5 billion ($18.2 billion), but said it would be willing to engage in talks if an "improved proposal" was made.

• UK Equal Pay Proposals Fall Short Of EU-Style Overhaul

  By Adele Redmond

  Proposals to reform equal pay laws and processes in the U.K. fall short of radical new European rules on pay transparency and equality — but the government's more incremental approach is likely to be unpopular with employers concerned that it will increase wage costs and sow division among workers.