Cravath cuts special bonuses for associates

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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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Linklaters, Slaughters on £1.78bn Standard Chartered rights issue

Slaughter and May and Linklaters have sewn up the lead roles in Standard Chartered’s £1.78bn rights issue to existing shareholders. A Slaughters team led by corporate partner Nilufer von Bismarck advised Standard Chartered. Von Bismarck commented: “They are one of the few banks that can still do rights issues, Santander is another example, and interestingly […]

Harris sees off Seisler to keep Lovells crown

Lovells managing partner David Harris has beaten off competition from Continental Europe head Harald Seisler to secure a further four-year term as managing partner. As revealed by The Lawyer (15 September), a number of London partners had accused Seisler of running his campaign on an anti-London ticket in the hope of winning a majority of […]

RPL league turns tables on Skadden

Skadden” class=”inline_image inline_image_left” src=”/pictures/web/images/15003_davidallen-MayerBrown90.jpg” />The litigation table published by The Lawyer shows which firms generated the most revenue from disputes last year. But reorder the table to rank firms by revenue per lawyer (RPL) and a different picture emerges. For example, Herbert Smith rises from 35th in the revenue table to seventeenth when ranked by […]

Hammonds faces former partners in High Court

Hammonds was up in the High Court today for a £3m profit dispute hearing with former partners. Hammonds attended the High Court today for a £3m profit dispute hearing that will determine whether the firm’s managing partner Peter Crossley (pictured) will become embroiled in the case. The case management conference, which is set down for […]

Litigation: Before the storm

Way back at the beginning of August, the head of ­lit­igation at one of New York’s most prestigious law firms admitted that litigation levels ­during the ­calendar year 2008 were “not hugely up so far”. Then September ­happened. Way back at the beginning of August, the head of ­lit­igation at one of New York’s most […]

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