Dentons, BDO called in to handle hotels sale

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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

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Weil advises Barclay twins on Woolies buyout

Weil Gotshal & Manges corporate partner Marco Compagnoni has reprised his role for Daily Telegraph owners Sir David and Sir Frederick Barclay, advising the brothers of their acquisition of the Woolworths brand. The Barclay brothers’ online company Shop Direct Group, which formerly traded as Littlewoods Home Shopping, has bought the Woolworths brand as well as […]

Bingham McCutchen London: profit up

The London office of US firm Bingham McCutchen has boosted profit despite a slight drop in turnover. Average profit per equity partner rose 7.4 per cent from $1.75m to $1.88m and turnover dropped 4.6 per cent from $32.5m to $31m. London managing partner James Roome said: “Restructuring really kicked in towards the end of the […]

McDermott lays off 149 across US network

McDermott Will & Emery has laid off 60 associates and 89 support staff in the US due to the economic downturn. The US firm’s chairman Harvey Freishtat emailed a firm-wide internal memo today announcing the cuts. Freishtat said: “We are not immune to the continued deterioration in the market conditions. The business of our clients […]

Private client: the two faces of commoditisation

Commoditisation is a reality of 21st Century business – the only way to combat its effects is to accept it, says Michael Alden. In recent years there has been a sweeping tide of change in approaches and attitudes to providing legal services. Commoditisation has hit the legal world with a force which has struck alarm. […]

Akin Gump loses 10 lawyers to Greenberg

Greenberg Traurig has snared a three-partner, seven-associate team from Akin Gump Strauss Hauer & Feld in Texas. Greenberg Traurig has hired a three-partner, seven-associate team from Akin Gump Strauss Hauer & Feld in Texas. Former head of securities litigation Paul Bessette and partners Micheal Biles and Jesse Weiss have joined the firm’s Austin office. Seven […]

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