DAC Beachcroft: Law firm reports ‘more cash and less debt’ due to sector approach Legal Law firm DAC Beachcroft saw steady growth as it recorded a turnover of £326.5m as the sector approach strategy has resulted in "more cash and less debt"
Storm Henk will spike insurance claims this time, but extreme weather events require longer-term thinking Insurance Storm Henk will undoubtedly cause a spike in insurance claims, but response to rising extreme weather events require a new approach going forward, experts have warned. The storm that battled the UK this week has caused flooding, damaged property and delays to travel as a result of rain and winds up to 80mph. This will [...]
Professional negligence trial against City firm Clyde & Co kicks off COURTS The trial for a businessman’s $88m lawsuit against his former legal team from Clyde and Co along with two XXIV Old Buildings barristers gets under way at the High Court. As one legal judgment noted, Riad Tawfiq Al Sadik is a “very wealthy” businessman that owns the largest construction and engineering company in the United [...]
Former Manchester United star files £750k claim against St. James’s Place representative April 15, 2024 Earlier this year, his legal team at Thomas Mansfield Solicitors filed a claim to the Financial List of the High Court against London-based Klipp Wealth Management (KWM Wealth).
Legal sector job vacancies in the City plummeted last year as firms returned to pre-pandemic hiring February 9, 2024 Hiring activity in the legal market has slumped, falling back in line with pre-pandemic figures.
Wealthy man’s stripped back negligence claim against Clyde & Co ‘must go to trial’ April 12, 2024 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 [...]
Top 25 law firm DAC Beachcroft seals £65m deal with HSBC and Lloyds to provide ‘firepower’ during covid downturn August 21, 2020 UK top 25 law firm DAC Beachcroft has sealed a £65m financing deal with Lloyds and HSBC to help give it the “firepower” to push through the covid-downturn. The London-headquartered law firm, which has 19 offices and more than 2,600 people around the world, said it boosted its finance facility to ensure its plans for [...]
Coalition of football clubs file lawsuit against insurers in wake of landmark Axa ruling May 17, 2022 A coalition of football clubs have filed a multi-party lawsuit against six major insurers seeking a larger payout for money lost during Covid-19, after the UK’s Supreme Court said businesses are allowed to reclaim losses suffered due to the impacts of the pandemic. A consortium of 20 separate claimants – including Arsenal, Liverpool, and Aston [...]
Arsenal, Tottenham, Liverpool and 17 other top clubs hire City firm to take on UK’s biggest insurers in mega football claim May 17, 2022 Some of England’s biggest football clubs – including Arsenal FC, Aston Villa FC, Tottenham Hotspur FC and West Ham FC, have instructed City law firm Clifford Chance to launch a multi-party action against some of the biggest insurance players in London. The group of 20 claimants, which also includes Liverpool FC and Leicester City FC, [...]
City Moves for 13 February – who’s switching jobs at Spotahome, Improbable and DAC Beachcroft? February 13, 2019 Who’s on the move today? Spotahome Spotahome has appointed Cleo Sham, who helped grow Uber’s presence in China to become the ridesharing app’s largest market and led the EMEA operations for the American company, as chief operating officer (COO) to oversee the Madrid-based property technology company's global operations functions to spearhead fast-growth.Sham started up at [...]