A fortnight on from the EU referendum, Brexit continues to dominate the headlines with three related stories making it on to our top 10 this week.
Top of the list was the news which broke late on Sunday (3 July) that Mishcon de Reya had been instructed by a group of businesses to launch a court challenge to the Brexit decision. The story prompted a lively discussion in our comments section.
Meanwhile we also looked at Brexit’s potential impact on back-office centres, and how it has already had a negative impact on the M&A market.
Our cover feature this week, looking at why Shearman & Sterling has fallen behind its US peers, proved a popular read too.
India has been promising liberalisation for decades and the news that the market might open up as early as September was another story which drew in the readers.
This week has seen a raft of law firms announce their 2015/16 financial results. Among them was Clifford Chance, which saw profit climb 10 per cent – some of the best results reported so far.
In litigation news Quinn Emanuel Urquhart & Sullivan is acting for the claimants on what could be the UK’s biggest-ever case, a £19bn class action against Mastercard.
Last week saw Clyde & Co pick up the top prize at The Lawyer Awards and this week’s look at Osborne Clarke’s year since winning Law Firm of the Year at the awards in 2015 also made the top 10.
The list was rounded off by the third part in our ongoing series looking at stress in law, as well as the news that Ashurst is to sublet 40 per cent of its new office when it moves in in 2019.
The top 10 stories in full:
1. Businesses draft in Mishcon de Reya to challenge Government over Brexit
2. Will Brexit crush back office centres?
3. The long read: Can Shearman & Sterling recapture its glory days?
4. India could liberalise legal market by September amid fresh talks
5. Clifford Chance profit jumps 10% as PEP hits £1.23m
6. Quinn Emanuel launches £19bn class action against Mastercard
7. Osborne Clarke: Has 2015’s law firm of the year lived up to its title?
8. Stress in law part 3: How you can address stress-related issues