One of the most expensive cases in British legal history - the epic Talco battle in which Herbert Smith advised the Republic of Tajikistan in a dispute with a group of aluminium traders - has settled midway through trial. The settlement, which comes just four weeks into an 18-week trial, means Herbert Smith's fees - expected to hit $100m (£65m) - are likely to be reduced.The firm fielded a team led by disputes partner Simon Bushell, with the estimated total fees also including costs for counsel - Herbert Smith in-house advocate Murray Rosen QC and One Essex Court's Neil Kitchener QC.
November 28, 2008 at 05:45 AM
1 minute read
The original version of this story was published on Legalweek
One of the most expensive cases in British legal history – the epic Talco battle in which Herbert Smith advised the Republic of Tajikistan in a dispute with a group of aluminium traders – has settled midway through trial.
The settlement, which comes just four weeks into an 18-week trial, means Herbert Smith’s fees – expected to hit $100m (£65m) – are likely to be reduced.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The premier educational and networking event for employee benefits brokers and agents.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
