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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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Morgan Stanley and Deutsche Bank are lead managers

Morgan Stanley and Deutsche Bank are lead managers in a concurrent secondary offering of Elior shares and a convertible bond offering by Elior worth euro227m (£160m) and euro130m (£91.6m) respectively. Lead arrangers represented by Cleary Gottlieb Steen & Hamilton (Andrew Bernstein, Fabrice Baumgartner). Elior represented by Willkie Farr & Gallagher.

Freshfields Munich wins B&M corporate star

Baker & McKenzie in Düsseldorf is losing a top corporate partner to Freshfields Bruckhaus Deringer. `Capital markets partner Hans-Jörg Ziegenhain will join Freshfields’ Munich office before the end of the summer.`Specialising in public and private M&A and private equity, Ziegenhain advises a number of leading corporates, multinationals and private equity funds including Degussa, Bewag, Trevira […]

CC Brussels launches tax practice with PwC team

Clifford Chance is launching a tax practice from its Brussels office with the hire of a partner and team from PricewaterhouseCoopers (PwC) in Belgium. `Thierry Blockerye is expected to join Clifford Chance this month and will set up and head the new tax practice. A spokesperson for Clifford Chance said it is not yet known […]

Bonus points

Major change is taking place in the way that law firms reward staff, particularly the rank-and-file fee-earners. Pay rates and reward structures are being imported from US law firms via their London offices, and are leading to changes within City firms. One of the most noticeable changes is the greater use of bonuses.`While profit-sharing schemes […]

Mills & Reeve names Jeffries for top role as Ogilvy is ousted

Cambridge-based law firm Mills & Reeve has appointed a new managing partner to take over from Duncan Ogilvy, who was voted out after six years in office. `Mark Jeffries, who was previously the head of the corporate services group in Leeds and Birmingham, took over the position on Friday (1 June).`Jeffries, who was managing partner […]

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