Lloyds TSB ignites corporate and litigation clash at Herbies

Begum, Husnara; Harris, Joanne
February 2005
Lawyer;2/21/2005, Vol. 19 Issue 7, p1
Trade Publication
This article reports that the company Herbert Smith's corporate and litigation practices have clashed over the firm's decision to accept an instruction to sue Lloyds TSB Bank PLC. It is understood that there is mounting frustration in the corporate department that the firm accepted instructions in ongoing litigation against Lloyds. The spat is potentially embarrassing for Herbert Smith as the firm has recently been touting itself to Lloyds. One source at the firm argued that, when the instruction was taken, Herbert Smith did not have a relationship with Lloyds. The threat of a power struggle between Herbert Smith's corporate and litigation practices came to the fore following the two-way senior partner election between litigation chief David Gold and corporate partner Richard Fleck.


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