The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
The Law Society Council is expected to finally approve new conflicts and confidentiality rules tomorrow (Wednesday 14 July), after nearly four years of consultation.
The new rules are expected to make it easier for City firms to deal with potential conflicts.
The paper before the council refers to the recent high-profile case involving Marks & Spencer and Freshfields, saying that: "With the new rules in place, Freshfields would not have been able to act for Philip Green without the consent of Marks and [sic] Spencer."
The new rules are expected to set down a narrower definition of conflicts than current guidelines, and separate out matters of conflict, matters of confidentiality and duty to disclose confidential information.
Exceptions to the rule are made for situations where clients have a common goal. Information barriers, also known as Chinese Walls, will be permitted in cases where the client has given express and fully informed consent.