And on they Roweth

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Latest Briefings

FCA opens notifications for temporary permissions regime in case of no-deal Brexit

By François Pfister, Anne-Gaëlle Delabye In order to ensure that investment funds that are currently marketed in the United Kingdom under the European Economic Area (EEA) passporting regime continue to be able to do so in the event of there being no implementation period based on the withdrawal agreement after 29 March (no-deal Brexit), the […]

Changes in the procedure for admission of foreign medical devices and medicines to public procurement in Russia

On 1 January 2019, amendments to the Resolution of the Government of the Russian Federation No. 102 of 05.02.2015 that provides for restrictions and conditions for the admission of certain types of medical devices originating from foreign countries for the purpose of procurement for state and municipal needs (“Resolution No. 102”). And the Resolution of […]

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Bomb test

In “Firms face fall out after Indian bomb test”, (The Lawyer, 9 June) US firm Milbank Tweed Hadley & McCloy was reported to have said that sanctions could cost India around $350bn. In fact Milbank calculated that sanctions could cost the country up to two per cent of its $350bn Gross Domestic Product.

Titmuss pays dividends for Dechert

Titmuss Sainer Dechert will this year have to pay its Philadelphia-based partner a proportion of its record £7.4m profits because it has outstripped it in profit growth. Titmuss and 442-lawyer Dechert Price & Rhoads effectively reward each other for work referral by making annual “transfer payments” based on a secret formula that depends on the […]

Small firms lose out in SIF contributions

SMALL firms, which already face a massive hike in their Solicitors Indemnity Fund contributions due to risk banding, will have to pay out even more money, according to figures published last week. The figures, released by the society’s deputy vice-president Robert Sayer, show that a new method of calculating firms’ contributions will hit smallest firms […]

Over here – in partnership

Rivalry between US and UK law firms is giving way to co-operation and the formation of MNPs, says Richard Tyler. “There are some real awkward Americans out there,” remarks one senior partner of a UK firm. But with US firms like Cadwalader Wickersham & Taft and Weil Gotshal & Manges pioneering cross-cultural fertilisation as they […]

Pub tie system faces new challenge

Two test cases have brought into question a system whereby pub landlords are dictated to by suppliers, reports Roger Pearson. Pub tenants and breweries are waiting for the outcome of two challenges to the brewery tie system, under which brewery landlords stipulate who their tenants must buy supplies from – ranging from drink to fruit […]

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