Bar flies in the face of the recession with turnover hikes across the board

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Latest Briefings

Walker Morris team explores opportunities in new entry-level exception sites and starters homes

By Richard Sagar, Karl Anders, Graham Whiteford, Josh Kitson Introduction This briefing note, prepared by the Walker Morris Planning Environment Team, explores the opportunities presented in the new National Planning Policy Framework (“NPPF2“). Specifically, the opportunities to obtain planning permission for new entry-level exception sites consisting of affordable housing for first-time buyers on previously unallocated […]

FCA published near-final rules amending the jurisdiction for SMEs and guarantors

By Paul Gair The FCA yesterday released its policy statement (PS18/21) on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper (CP18/31) detailing proposals for increasing […]

Walker Morris litigation specialists reviews regulator’s proposals for dealing with push payment fraud

By Louise Power, Rachel Elgar Banking & Finance Litigation specialists Louise Power and Rachel Elgar report on the Payment Systems Regulator’s (PSR) recent proposals for dealing with push payment fraud. What is push payment fraud? Payments are described as ‘push payments’ when the payer obtains the payee’s account details and instructs their bank to send (or push) […]

Impact of 2019 budget proposals on Dutch’s buyout sector

The Dutch government published important tax measures in its 2019 budget proposals with a potentially significant impact on the Dutch buyout sector. Some of these measures may result in a higher effective tax burden if appropriate action is not taken…

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St John’s picks Outer Temple man as chief exec

Bristol-based St John’s Chambers has appointed Outer Temple’s business development director Derek Jenkins as chief executive. It follows the exit of ­former chief executive ­Vincent Denham, who left in June to join Fareham-headquartered Coffin Mew (The Lawyer, 16 June). Jenkins, who has been with Outer Temple for 29 years, is widely considered a bar stalwart […]

Links matches Freshfields – again

Forget the Goldman Sachs bonuses. Perhaps the biggest sign that the City is weathering the financial storm is today’s news that Linklaters is retaining almost 80 per cent of its trainees (see story). Granted, this pales in comparison with Slaughter and May’s extraordinary rate of 94 per cent, but then Slaughters is about as recession-proof […]

Opinion: Phone-tapping case prompts proper payouts

The Guardian’s allegations that the News of the World had illegally tapped the phones of possibly thousands of public ­figures was met with wry amusement by those who battle for claimants against media defendants. Those who follow such matters will recall the speech given by Daily Mail ­editor Paul Dacre to the Society of Editors […]

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Linklaters retains 80 per cent of September NQs

Linklaters has offered jobs to nearly 80 per cent of its trainees, the highest retention rate in the magic circle. The firm retained 50 of the 66 trainees due to qualify in September 2009, but as three trainees resigned during the qualification process it has actually retained 50 out of 63. That equates to a […]

Ashurst lengthens road to lockstep after PEP fall

Ashurst has mooted extending the length of time it takes for junior ­equity partners to gain ­senior ­status, dropping the value of an equity point by a third. Junior equity partners receive a small number of equity points, which are determined on a case-by-case basis, as well as a salary until they progress into the […]

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