23 Essex Street pair defect to Outer Temple

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Latest Briefings

The Commercial Agents Regulations: a step behind the times?

By Alex Williamson The Commercial Agents (Council Directive) Regulations 1993 (the Regulations) are 25 years old this year. An evaluation by the European Commission concluded in 2015 that the underlying Commercial Agents Directive (the Directive) still met its objectives and functioned well. However, a recent Court of Appeal decision has shown that the legislation is struggling to […]

Exclusion clauses under the spotlight: UCTA reasonableness

By Perran Jervis In decisions handed down one day apart, the Court of Appeal concluded that a far-reaching exclusion clause which limited liability for negligence was reasonable under the Unfair Contract Terms Act 1977 (UCTA), whereas an exclusion clause in a lease (in the form of a non-reliance clause) was not. The decisions emphasise that […]

Currency, cost calculations and contractual clarity

Walker Morris’ Head of Commercial Dispute Resolution, Gwendoline Davies, highlights the importance of dealing comprehensively and clearly with matters of currency and calculation in cross-border contracts…

Belgian draft Trade Secrets Act: opportunities for the life sciences sector

On 8 June 2016, the EU Trade Secrets Directive was adopted. The main purpose of the Directive was to harmonise and enhance the protection of trade secrets EU-wide and to thus create an innovation-friendly environment for businesses. The EU Member States had to implement this Directive by 9 June 2018. Belgium missed the deadline, but […]

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Hands across the CIS

The CIS would seem to provide the perfect opportunity for Russian and Ukrainian firms to open offices across the region. Here James Swift examines the reasons why, with the exception of Magisters, this has not happened The CIS countries are a ­dysfunctional family of states. The explosion of violence in Ukraine’s parliament in April when the government announced it would extend a lease in the Black Sea to […]

Telefónica O2 UK names new legal chief

Telefónica O2 UK has restructured its senior in-house legal team, promoting Ed Smith to head of the group. Smith’s new role follows the appointment of Kate Jarvis, Telefónica Europe’s director of legal and regulatory affairs, to the company’s board earlier this year. Smith, who assumes responsibility for managing the telecoms company’s UK legal support and […]

Akin Gump hires Chiomenti lawyer for Abu Dhabi office

Akin Gump Strauss Hauer & Feld has strengthened its corporate practice with a partner hire in Abu Dhabi. Chadi Salloum joins Akin Gump from Chiomenti Studio Legale’s Rome office, where he was international legal counsel. Salloum acts for multinational companies, financial institutions and sovereign entities on a range of transactions including M&A, joint ventures, private […]

Eversheds shows some PEP

Some basic mathematics today, courtesy of Eversheds: how do you get yourself a juicy 28 per cent rise in profit while simultaneously registering a drop in revenue? As chief exec Bryan Hughes would no doubt explain, it’s a pretty simple formula: employ fewer people. Last year, there were 150 equity partners at the top 10 […]

David Stewart
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Olswang’s PEP rises 38 per cent after ‘draconian’ approach to spending

Olswang has posted a 38 per cent increase in average profit per equity partner (PEP) for the 2009-10 financial year, bringing the total to £420,000. At the same time the firm’s turnover rose marginally, up 2 per cent from £89.2m to £91m. The firm’s chief executive David Stewart said the significant increase had been the […]

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