Mishcon de Reya has fought off a professional negligence claim brought by Aurium Real Estate London Ultra Prime in the High Court in London.
Aurium had claimed that it incurred damages as a result of negligent legal advice from Mishcon, and brought a claim for £50 million plus interest.
The claim related to a property development project worth about £160 million involving the assembly of a number of properties on and around Bayswater Road in London.
Aurium argued that between January 2016 and September 2017, Mishcon gave the company negligent advice regarding its legal rights related to one of the assets forming part of the development site.
Aurium intended to sell the development but claimed that Mishcon’s advice on the asset in question led to a delay in the sale, causing the potential buyer to ultimately withdraw from the transaction.
The judge dismissed Aurium’s claim and approved Mishcon’s counterclaim, for £222,399 in unpaid legal fees—plus interest, for the period from Dec. 1, 2017.
“From the outset, it was our belief that this claim was without merit,” a Mishcon de Reya spokesperson said. “The judgment supports this position and the matter is concluded.”
Mishcon was represented by a team from DWF consisting of partner Michael Robin, associate Sarah McKay and solicitor Kayleigh Martin. Also acting as counsel were Ian Croxford QC of Wilberforce Chambers, as well as Jamie Smith QC and Michael Bowmer—both of 4 New Square.
A Fieldfisher team represented Aurium Real Estate, led by partner Aymen Khoury, along with dispute resolution associates Nathan Capone and Vanessa Wilkinson, as well as real estate associates Hannah Ingham and Jessica Hyde. The team worked alongside Rupert Reed QC of Serle Court and Michael Walsh of Tanfield Chambers.
Aurium did not immediately respond to requests for comment.