UK: London Lawyers Report Surge in Financial Crisis-Related Litigation

Jonathan Kelly

Litigation departments at London’s leading law firms report that they have grown significantly busier in recent weeks with litigation resulting from the financial crisis, the Times Online reports.  Jonathan Kelly, a partner at Simmons & Simmons, said that a range of institutional investors have now begun considering legal action as the market starts to settle.  The article states that Kelly and other London lawyers confirm that “there had been a significant increase in instructions and conflict referrals in recent weeks.”

The collapse of Lehman Brothers and the Icelandic banks are reportedly among the matters likely to generate significant claims in the UK.

Read the Times Online article