Russell-Cooke is advising on one of the year's largest aggregation disputes that has been recognised by The Lawyer as one of 2014's top 20 cases. This is the department's second top twenty case in three years.
In their annual review of leading civil court cases, The Lawyer states that the case of Godiva Mortgages Ltd v Travelers Insurance Company Ltd and W Solicitors (third party) Royal and Sun Alliance plc (4th Party) The Law Society (5th Party) "...is likely to become the case law precedent on various major, current and recurring aggregation issues and so is exceptionally high profile". The case involves tens of millions of pounds.
Russell-Cooke acts for the Law Society which has been joined to the action as an intervenor in both its representative capacity for the profession and in its regulatory capacity as the Solicitor Regulatory Authority.
The case could have a significant impact on Professional Indemnity Insurance (PII) for legal professionals and, as a result, the High Court has granted the Solicitors Regulation Authority and the Law Society leave to intervene in to the proceedings. According to the Law Society, major concerns may arise for solicitors' firms, if the insurer's interpretation of aggregation is accepted.
The work is being led by Russell-Cooke's John Gould, senior partner, who has instructed 7KBW's Dominic Kendrick QC and Michael Holmes. John is assisted by Michael Colledge, senior associate in the litigation team.
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