A&O posts record results to £1.23bn but revenue rise lags half year performance

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Latest Briefings

Future of public procurement in UK in the event of ‘no-deal’ Brexit

By David Kilduff, Richard Auton or Richard Butterworth On 13 September 2018, the UK government published further guidance on the future of public procurement in the UK in the event of a “no deal” Brexit. What next for UK public procurement? Under current rules, all procurement opportunities that fall within the scope of the EU procurement […]

Third party redevelopment – Landlord may oppose tenant’s lease renewal

By Matthew Lonergan, Lucy Shepherd A recent case has confirmed that a landlord was entitled to oppose its tenant’s lease renewal under the Landlord and Tenant Act 1954 where redevelopment of the site was to be undertaken by a third party. Background The case of Santander UK PLC v LPS Estates Ltd concerned the security of […]

Sunset of £500K, dawn of GDPR enforcement and horizon of Brexit

By JP Buckley In just a short space of time, the ever-evolving world of data protection and cyber has seen yet more change: 1. Potentially one of the last enforcement actions under the Data Protection Act 1998 against Equifax – and a maximum £500,000 fine for them for failing to secure UK citizens’ personal data against […]

Officer of judgment debtor can be committed for failure to provide information under CPR 71 – Court of Appeal

Deutsche Bank AG v Mr Alexander Vik [2018] EWCA Civ 2011 This judgment is the latest instalment in the long-running litigation between Deutsche Bank (“DB”) and the Monaco-based billionaire, Alexander Vik. In 2008, Mr Vik’s personal investment vehicle, Sebastian Holdings, Inc. (“SHI”), incurred huge debts to DB after it made a series of heavily loss […]

BVI to implement changes to rules governing SPCs registered under BCA

By Michael Killourhy The British Virgin Islands (BVI) will shortly implement some important changes to the rules governing segregated portfolio companies (SPCs) incorporated or registered under the BVI Business Companies Act, 2004 (BCA). These changes, introduced by the BVI Business Companies (Amendment) Act, 2018 (the 2018 BCA Amendment Act) will come into force on 1 October […]

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US firm Foley Hoag has added its sixth partner in Paris with the hire of White & Case arbitrator Philippe Sarrailhé. Sarrailhé’s appointment follows the hire earlier this year of Winston & Strawn partners Carine Le Roy-Gleizes and Frédéric Scanvic, along with fellow environmental law specialist Corentin Chevallier who was a senior associate at Winston & Strawn.  […]

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Cake or biscuit? The Scottish court decides

HM Revenue & Customs is forced to defend its policy of charging VAT on biscuits and not cakes in what is a tough taste challenge for the Scottish courts It wasn’t too long ago that retail giant Marks & Spencer (M&S) fought HM Revenue & Customs in the courts over the revenue’s historic decision to […]

Clifford Chance hits year-end on a revenue high

What better way to kick off a management stint at a top UK firm than to give partners the good news that revenue, net profit and PEP have reached an all-time high? Clifford Chance managing partner Matthew Layton, who took over in May from incumbent David Childs, has done exactly that. Today Clifford Chance became […]

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Bridge building to Bristol

Simmons & Simmons is not a firm you instantly associate with regional offices but in the last year headcount at its Bristol base has been rising fast. Simmons’ most recent addition to the partner-led Bristol base is corporate partner Patrick Graves, who joined the firm from Osborne Clarke today. With 17 years at OC focusing […]

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Olswang revenue up 7 per cent to £117.6m as PEP falls below £500k

Olswang has reported a 7 per cent growth in revenue for the 2013/14 financial year, with total turnover rising from £110m to £117.6m. The technology, media and telecoms firm’s final financials are still subject to verification and audit but Olswang said it anticipated its average profit per equity partner (PEP) figure would drop by 3.9 […]

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