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We are pleased to again report a record turnover of £264m, an increase of 11% on the previous year (£238m).We have also increased the number of fee earners globally by 10%, taking the firm’s overall headcount to in excess of 2,300
Kennedys has continued its growth in the Middle East with the opening of a new office in Muscat, in the Sultanate of Oman. This office opening is in response to client demand for a presence in Oman, and sees Kennedys become the only international insurance-focused law firm in the country.
As of May 26, 2021, the estimated market capitalization of the cryptocurrency market exceeded USD 1.7 trillion despite recent market fluctuations. There is growing interest by a wide range of publicly traded companies in incorporating crypto into their business models given the ongoing market development.
New breed of SPAC-related litigation? Breach of fiduciary duty lawsuits following de-SPAC transactions
SPACs are “blank check” companies that use money raised in an initial public offering to buy a company that won’t have to go through the IPO process itself. SPACs have exploded in popularity: there have been over 300 SPAC IPOs so far this year, with proceeds totaling over $99 billion.
Case review 23-04-2021
On 10 March 2021, in Wigmans v. AMP Limited & ORS the High Court of Australia dismissed an appeal from the NSW Court of Appeal regarding the court’s response to competing plaintiff applications to stay one or more open class representative proceedings commenced under Pt 10 of the Civil Procedure Act 2005 (NSW) (CPA).
The launch of the 2021 edition of Chambers Asia-Pacific has seen Kennedys build on our 2020 achievements and confirmed the strength of the firm’s reputation across the region.
Kennedys is celebrating 20 years in Hong Kong, and is also moving to new offices.
Kennedys has been appointed to the panel of Recognise Bank, a new SME-focused UK bank operating in London, the Midlands, Manchester and Leeds.
We are pleased to announce that the publication of the 2021 edition of The Legal 500 UK has seen us ranked as a ‘top-tier firm’ in nine practice areas.
On 18 June 2020, the Bank of England (the Bank) released its first report regarding its own exposures to climate change-related financial risks and its proposed strategy to manage those risks effectively.