Cravath cuts special bonuses for associates

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Latest Briefings

Energy tax matters – Prinsjesdag 2018

The Budget Day Package 2018 contains a separate bill (‘Fiscal greening measures 2019’) with measures to reduce CO2 emissions. The proposal includes, among other things, the following changes in energy tax: Promoting electrification: shifting energy load from natural gas to electricity. The tariff in the first disc for natural gas is increased by EUR 3ct / m2, […]

UK real estate and competition law – An insight

By Samuel R Beighton On 18 September 2018, the UK’s Competition and Markets Authority (the “CMA”) announced that Heathrow airport (“Heathrow”) will pay a fine of £1.6 million in relation to an infringement of UK competition law arising from a restriction included within a commercial lease. Importantly, this case marks the first occasion that the CMA […]

Pre-purchase inspection is not a warranty

By Sandra Lando, Julie Djiezion For several years, there have been calls by some associations, including the Québec Association of Building Inspectors, for oversight of the work done by pre-purchase inspectors. On June 12, 2018, they resulted in the introduction of the Act mainly to improve the quality of buildings, the regulation of divided co‑ownership and the […]

Introduction of remediation agreement in Canada

By Glen Jennings, Matthew Doak The time has now arrived. A mechanism is finally in place in Canada that will allow for a better process to resolve criminal offences for corporations. In response to a consultation that ended in November 2017, the federal government introduced legislation amending the Criminal Code to allow for remediation agreements (better known as […]

Brexit poses challenges for intellectual property law

By David Barron, Ailsa Carter ‘Brexit’ poses considerable challenges for intellectual property law and presents uncertainty as to the  involvement of the UK, following its exit from the EU, in existing and proposed international regimes involving EU law. In March 2018, the text of a draft “partial agreement” was published . It indicates that, assuming the UK […]

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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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