DLA Piper kicks off DCM practice with A&O hire

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Latest Briefings

Parliamentary group proposes a Financial Services Tribunal

Kevin Hollinrake MP (Co-Chair of the APPG on Fair Business Banking) has published his report titled “Fair Business Banking for All: How to improve access to justice for businesses in financial services disputes” (the Report). Following the APPG’s responses to the FCA’s consultation on expanding the FOS’s jurisdiction (CP18/3), the Report sets out various recommendations […]

Draft legislative proposal introduces a minimum price for CO2

The Dutch government has published a draft legislative proposal for consultation that introduces a minimum price for CO2. The minimum price is introduced by way of a tax levied on electricity producers. The tax is levied per ton of CO2 emission. In the proposal, the tax rate per ton CO2 is calculated each year as […]

Adoption of unregistered land as highway

By Paul Weeks Unregistered land in unknown ownership can cause a headache on development and the extent of the issue will often depend upon what the land is needed for…

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Allen & Overy puts Japan arm on trial

Allen & Overy (A&O) is conducting a wholesale strategic review of its underperforming Tokyo office. The magic circle firm’s management will meet to discuss the Tokyo arm in an attempt to establish a consensus on its future direction. Options that will be considered include closing the office or scaling it back. Another possible scenario might […]

Firms clamour as BA’s case takes off

The investigation into the alleged price-fixing at British Airways (BA) and a number of other airlines is providing much work for the City’s biggest competition practices. As first reported by The Lawyer (26 February), Slaughter and May is advising BA on the latest investigation, but Allen & Overy, Ashurst, Freshfields Bruckhaus Deringer, Herbert Smith and […]

BT brings in two to boost legal team

BT has recruited two lawyers as part of its drive to ramp up its in-house capability across its legal function following the creation of its Openreach division in January. The main beneficiary of the recruitment campaign is BT’s Wholesale division, which provides network services to UK businesses. Thomas Bucknall, the former European counsel of ViewSonic, […]

Forsters records best year ever with £487K PEP

Property-based Mayfair firm Forsters has confirmed its best year ever with an average profit per equity partner of £487,000, a rise of 29 per cent. The 27-partner firm may have also secured itself a first-time spot in the top 100 firms by revenue with a 25 per cent increase in gross fees to £19.9m. Managing […]

Firm friends

Reed Smith and Richards Butler say they will succeed where other US-UK mergers have failed. But only one man can pull it off Just five years ago, in 2001, Pittsburgh firm Reed Smith had 594 lawyers, who brought in $193m (£104.89m), with an average profit per equity partner (PEP) of $335,000 (£182,000). By January 2007, […]

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