Trevor Horne Architects looks close to settling a £1.2 million High Court negligence claim against its lawyers Simmons & Simmons over the architect's new London headquarters.
The claim relates to advice the law firm gave on the purchase of two properties at 15 Micawber Street - now the architect's base - and 12 Wharf Road, also in London.
According to papers lodged with the High Court, Simmons & Simmons allegedly failed to exercise due diligence and competence when advising on the property acquisitions.
Simmons & Simmons, it is alleged, did not make provisions for certain areas of the properties - believed to be a balcony and spiral staircase - and caused the architect significant extra costs.
It is understood the architect accrued £37,000 in additional legal costs. The claimant is also suing for over £300,000 in 'additional financing costs', increased development costs of £424,052 and lost earnings amounting to £56,700.
Trevor Horne told the AJ that the parties were 'just about to settle'. However, he warned the negotiations were still taking place and that the outcome was still uncertain.by Clive Walker