DECHERT’S COURTROOM DRAMA - Among the longest running and most expensive law firm litigations ever seen, the ENRC v. Dechert U.K. courtroom saga has been a whirlwind case that could cause lasting damage to one of the world’s most reputable and profitable law firms, Law.com International’s Krishan Nair reports. On Monday, London’s High Court handed down a judgment, finding that Dechert and its former white collar head, Neil Gerrard, had committed deliberate and unlawful acts in a bid to extract maximum profit from their client, London-headquartered mining company ENRC. Over its more than 10-year timeline, the case has produced the kind of intrigue you would sooner find in an espionage thriller: secret meetings, burner phones, a brown envelope, millions of dollars, false advice, conspiring public officials, claims of amnesia, and, of course, a victim. But for Dechert, the consequences are anything but a fiction. It faces potential liabilities that could become substantially more than the tens of millions of pounds already racked up, and a reputational hit that could hurt its standing as a globally trusted adviser. With causation and loss still up in the air, the saga is far from over.
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