City’s top firms mop up the banking mess

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Latest Briefings

The Commercial Agents Regulations: a step behind the times?

By Alex Williamson The Commercial Agents (Council Directive) Regulations 1993 (the Regulations) are 25 years old this year. An evaluation by the European Commission concluded in 2015 that the underlying Commercial Agents Directive (the Directive) still met its objectives and functioned well. However, a recent Court of Appeal decision has shown that the legislation is struggling to […]

Exclusion clauses under the spotlight: UCTA reasonableness

By Perran Jervis In decisions handed down one day apart, the Court of Appeal concluded that a far-reaching exclusion clause which limited liability for negligence was reasonable under the Unfair Contract Terms Act 1977 (UCTA), whereas an exclusion clause in a lease (in the form of a non-reliance clause) was not. The decisions emphasise that […]

Currency, cost calculations and contractual clarity

Walker Morris’ Head of Commercial Dispute Resolution, Gwendoline Davies, highlights the importance of dealing comprehensively and clearly with matters of currency and calculation in cross-border contracts…

Belgian draft Trade Secrets Act: opportunities for the life sciences sector

On 8 June 2016, the EU Trade Secrets Directive was adopted. The main purpose of the Directive was to harmonise and enhance the protection of trade secrets EU-wide and to thus create an innovation-friendly environment for businesses. The EU Member States had to implement this Directive by 9 June 2018. Belgium missed the deadline, but […]

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Bingham financials: PEP up 6 per cent, turnover up 3

Bingham McCutchen has announced a 6.4 per cent hike in profit per equity partner (PEP) for the 2008 financial year. The US firm grew PEP from $1.335m in 2007 up to $1.42m in 2008. Global revenue at the firm saw a 3.2 per cent increase in the same period, to $767m from $743.5m last year. […]

Cadwalader London: five ways to say goodbye

Losing seven partners from its City office highlights the frailties of Cadwalader’s global strategy. It also provides a perfect example of what not to do in the current economic climate. Two weeks ago The Lawyer exclusively revealed that seven partners from the London ;office ;of ;New York’s Cadwalader ­Wickersham & Taft handed in their resignations […]

The hard cell: Clare Algar, Reprieve

As the executive director of human rights charity Reprieve, Clare Algar welcomes President Obama’s focus on the rule of law. Speaking ;from ;a ­windowless room at Reprieve HQ, Clare Algar could be forgiven for asking herself why she left a promising career as an IP lawyer to help people she has never met in South […]

Herbert Smith lands Nortel job

Herbert Smith is advising Ernst & Young on the ­administration of the European businesses of Canadian ­telephone manufacturer Nortel Networks. The Herbert Smith team is being led by ­restructuring ­partner Stephen Gale and ­Laurence Elliott and includes corporate partners Gavin Davies and Alan ­Montgomery, pensions partner Roderick Morton and ­employment ­partner Andrew Taggart. In the […]

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Blake Lapthorn launches second redundancy round

Blake Lapthorn launches second redundancy round” />Blake Lapthorn has announced a second redundancy consultation, with up to 30 additional members of staff facing the prospect of losing their jobs. As reported on TheLawyer.com, last October the firm began consulting with 43 members of staff across its offices in London and the South East (2 October […]

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