Centrica brings in Orrick on Venture bid

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Latest Briefings

Navigating a new reality in the client-empowered era

To thrive in the new era of the empowered client, law firms must make investments designed to modernise the way they run their firms and service their clients. This requires changing culture, developing new competencies, and operationalising new ways of working. Innovative technologies are key enablers to accelerating rms’ transformations in these areas. New research […]

Procurement and state aid update: preparing for 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 […]

Data protection: 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 – CoA

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 […]

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Eversheds plans its first secondment to Indian ally

Eversheds is planning to send its first-ever secondee to an Indian law firm, with an assistant preparing to go to Khaitan & Co later this year. Four year-qualified ­associate Sandip Khroud will relocate to Khaitan in ­September for an expected three-month secondment. He will split his time between Mumbai and New Delhi. The move is designed […]

Osborne Clarke sees PEP plummet as turnover drops 12 per cent

Bristol headquartered Osborne Clarke has seen significant falls in both turnover and profitability during the last financial year. The firm’s 2008-09 results show that turnover dropped 12 per cent from £95.3m to £84m, while average profit per equity partner (PEP) plunged 36 per cent to £352,000. Managing partner Simon Beswick (pictured) put the fall down […]

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 […]

Burges Salmon’s PEP beats Osborne Clarke’s despite 23 per cent fall

Bristol headquartered Burges Salmon has overtaken local rival Osborne Clarke in terms of average profit per equity partner (PEP). Chris Jackson Burges Salmon unveiled its financial results today, with revenue falling by six per cent during the 2008-09 year from £68.2m to £64.2m. Partners also saw their personal income hit, with PEP falling 23 per […]

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New home

In 1876 the Appellate Jurisdiction Act created the judicial function of the House of Lords, the highest court in England and Wales. At the end of the month the Law Lords will pack up their judicial robes and wigs for the summer break, but they will have heard their last case in the House of […]

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