DLA Piper is Biglaw to the N th degree. Here is a story about this international law firm’s international legal malpractice case. "DLA Piper is facing a negligence claim from a property consultancy company relating to advice it gave to Northern Rock on fraudulent property transactions.
The claim, brought by property company Gerald Eve last month (25 October), seeks a contribution to the £1.6m settlement the company paid to Northern Rock over alleged negligence by both DLA Piper and Gerald Eve on three property transactions.
The original claim pursued by Northern Rock against the company and firm was for negligent advice which failed to prevent an alleged fraud by a third party in property deals where the bank advanced a total of £6.75m for 15 flats in Paddington.
As a result of the alleged negligence, Northern Rock claimed it suffered a loss of £2.1m.
Gerald Eve settled Northern Rock’s claim against it in September for £1.6m. However, DLA Piper failed to put forward anything towards it, causing the property surveyors to lodge a claim against the firm for a contribution towards the settlement fee.
Mayer Brown professional indemnity partner Jim Oulton is advising Gerald Eve, while Barlow Lyde & Gilbert has been instructed to represent DLA Piper "