Ashurst opens lockstep trapdoor for poor performers as profits nosedive

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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

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Sidley Austin clients round on tax shelter ruling

More than 40 former Sidley Austin Brown & Wood clients are to appeal a ruling by a US federal judge last week, ordering the US firm to turn over clients’ names to the Inland Revenue Service (IRS) in relation to a tax shelter investigation. In November 2003 a Senate subcommittee report revealed that legacy firm […]

Italy to slash three regulatory bodies

A new Italian authorities law looks set to abolish three regulatory bodies as the country attempts to bring in legislation to prevent a future Parmalat scandal. It is hoped that the changes, which have not yet been approved by the government, will restore foreign investors’ confidence in the region. The proposed changes would mean the […]

Aventis’s ‘poison pill’ raises market concerns

Sanofi’s e50bn (£33.64bn) takeover of Aventis has provoked debate among the companies’ legal advisers about the importance of France’s first ‘poison pill’. The so-called ‘poison pill’ centres on the ‘Plavix warrants’, a product that would reimburse Aventis’s shareholders in the event of Sanofi being unsuccessful in pending US patent litigation over its cancer drug Plavix. […]

Addleshaws hit with five departures

Addleshaw Goddard has been hit by a string of partner departures from legacy firm Theodore Goddard. Tax partner Ray Smith left the firm last Friday (30 April) to join Barlow Lyde & Gilbert. On the same day, property partner David Wilkinson retired from the partnership. Additionally, highly rated projects and asset finance partner James Ballinghall, […]

Underpaid and understaffed: the state of UK legal aid

A report into the state of legal aid reveals a system in crisis, bogged down by delays and inadequate advice, according to documents leaked to The Lawyer. The report, ordered by the Legal Services Commission (LSC) and the Department for Constitutional Affairs (DCA), shows that during 2003 clients in almost 500 publicly funded cases were […]

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