Banking on the magic circle

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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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LawVest shows £3.2m operating loss in first year

LawVest, the startup launched last year with financial backing from DLA Piper, claimed it is bracing itself for a “dramatic increase” in sales this year after accounts revealed a £3.2m loss during its first 16 months of trading. The LawVest accounts show that it posted turnover of £170,036 between February 2011, when the business launched, […]

family

Job watch: Family law

As practice areas go, they don’t get much more emotionally demanding than family law. Unfortunately, it generally does not pay as well as corporate or banking. This fact of life tends to mean there is often a scarcity of the highest quality candidates. As Philip Jennings, a senior consultant at JLegal, puts it, “Due to […]

Walker Morris helps give A-level students insight into the legal profession

Parklane Plowden Chambers and Walker Morris have provided 10 A-level law students with a unique insight into the legal profession by running a mock High Court trial as part of a week of work experience. The students, from Notre Dame High School in Leeds, were given just more than a day to study the evidence […]

madrid spain

Clydes’ crowning glory

DAC Beachcroft will be licking its wounds today after an audacious raid by Clyde & Co on the firm’s Madrid office. The firm will be left with eight partners in Madrid after a team of nine, including four partners, announced that they would be joining their insurance rival. For Clydes it is the latest in […]

madrid spain
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Clydes moves into Madrid with four DAC Beachcroft partners

Clyde & Co is to expand its international footprint with the launch of a base in Madrid after raiding DAC Beachcroft for a team of nine lawyers, including four partners. The firm is in negotiations to take heavyweight insurance partners Ignacio Figuerol, Ricardo Garrido, Pablo Guillen and Miguel Relano for an imminent launch in the […]

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