Cleary, Dewey, Milbank cut associate bonuses

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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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Special report: Property

Real estate is one of the sectors worst affected by the economic downturn. But the difficulties of the market have inevitably brought new opportunities and challenges for real estate lawyers as they stick by their clients. On the face of it, real estate is one of the sectors worst affected by the economic downturn. But […]

Profit dip forces Herbies into £50m tax U-turn

Firm tears up tax year deferral plan in response to bleak predictions for the year ahead. Herbert Smith has ditched plans to overhaul its financial reporting system after a gloomy profit outlook made it likely that partners would be left out of pocket. While most firms have an April year-end, Herbert Smith’s financial year runs […]

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Proskauer Rose makes 60 redundancies

Proskauer Rose has become the latest US firm to announce layoffs, shedding 35 associates and 25 support staff. A statement released by the firm said: “We are taking these actions in response to the worldwide economic crisis, as well as an unprecedented reduction in our historical lawyer attrition rate, which requires that we align our […]

Bird & Bird seals Singapore association

Bird & Bird has entered into an association with Singapore firm Alban Tay Mahtani & de Silva (ATMD), due to take effect from 1 January 2009. Bird & Bird hopes to beef up its South East Asian presence with the alliance, which will see the firms sharing clients. Bird & Bird chief executive officer David […]

Ashurst moves staff into energy and transport team

Ashurst has redeployed three corporate and three finance junior associates to its energy, transport and infrastructure (ETI) team as the transactional side of its business has slowed down. In contrast to the core corporate team, the ETI team has been very busy in recent months, requiring significant capacity. One Ashurst corporate partner told The Lawyer: […]

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