The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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 Office of Fair Trading (OFT) has come under heavy criticism following its announcement that it would take at least another six months to review its decision regarding the dominance of supermarket chains in the grocery sector.
The total length of the OFT investigation has raised the ire of the Association of Convenience Stores (ACS) as well as the Competition Appeal Tribunal (CAT), which have both called for the OFT to speed up its review.
Edwin Coe head of litigation David Greene, who is representing the 32,000 shopkeepers from the ACS, said: "We're disappointed by the amount of time this investigation is taking. It would seem the OFT is confused about its role, and its confusion has been commented on by the CAT."
A damning National Audit Office report has also recommended that the OFT monitor how quickly it takes regulatory action.
OFT chief executive John Fingleton announced that the OFT would deliver its decision on whether it would refer the grocery and convenience store market to the Competition Commission in April next year.
The OFT originally requested eight months to reconsider its decision after initially rejecting ACS calls for a market study of the sector, but it has since brought forward the decision by two months at the request of the CAT.
Greene said: "The OFT appears to be seeking information from the ACS regarding the parameters of its investigation, and that's not for the ACS to know - the OFT should know."
In a statement to The Lawyer, an OFT spokesperson said the regulator had agreed to the CAT's request to complete the investigation as quickly as is reasonably possible.
"The OFT's ability to meet its intended timeframe for its decision is dependent on timely responses by affected parties," added the spokesperson.