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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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Grapevine

Postcode lotteryForget banking and corporate for a moment, Allen & Overy (A&O) has another tricky decision to make concerning its new Spitalfields office. After raising the considerable ire of the locals, construction is now ploughing ahead. A&O is now weighing up whether it wants the postcode of its new office to be the more traditional […]

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Disclosure rules could cause chaos say Law Society

The Law Society today (25 October) warned that rushing in new disclosure rules in criminal cases could cause chaos. The society’s warning came after the Prime Minister announced that juries could be told of a defendant’s previous convictions from December. Earlier plans were for the new measures, part of the Criminal Justice Act 2003, to […]

Complaint feint

The Legal Services Complaints Commissioner is on a mission to get the Law Society’s complaints-handling in order and is now equipped with powers to impose a £1m fine. By Jon Robins If the Law Society is supping at the last chance saloon over its continuing failure to sort out its act over complaints-handling – as […]

Herbert Smith closes first RBS leveraged financing after panel win

Herbert Smith has closed its first leveraged financing for Royal Bank of Scotland after winning its coveted place on the £100m plus deals panel last November. The firm successfully advised RBS on a funding package for Cygnet Healthcare, a provider of psychiatric treatment and care centres in the UK. The size of the deal has […]

US mergers rise 25 per cent

Law firm merger activity is on the rise in the US, as the size of smaller firms continues to dwindle, according to a new survey. The statistics, released by Hildebrandt International’s MergerWatch, show that there were 44 completed US law firm mergers in the first three quarters of 2004 – more than 25 per cent […]

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