DLA review sees five TMC lawyers redundant

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Latest Briefings

Longer term tenancies? Potential implications for lenders

Walker Morris’ Housing and Banking Litigation experts Karl Anders, Justin Coley and Sandip Singh explain the UK government’s consultation on introducing longer-term tenancies in the private rented sector, with a particular focus on potential impacts for lenders…

Assessing creditworthiness in consumer credit: FCA publishes final rules and guidance

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

FCA consultation on a Global Financial Innovation Network

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

Austria: The DPA’s strict view on retention periods

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

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Indian Bar Council lifts website ban

The Bar Council of India has lifted restrictions on law firm websites, allowing Indian lawyers to launch their own sites to provide basic information about themselves. The decision comes after local lawyer VB Joshi filed a petition in 2000 ­challenging the council’s rule that bans lawyers from any type of advertising or soliciting for new […]

Bingham raids Heller for DC regulatory push

Bingham McCutchen has hired four lawyers for its international securities practice, including the managing partner of Heller Ehrman’s DC office, Geoff Aronow. Aronow, who was the director of enforcement at the Commodity Futures Trading Commission (CFTC) from 1995 to 1999, joined as a partner yesterday (Monday 4 August) along with Margaret Blake, formerly a partner […]

Addleshaws hires restructuring partner

Addleshaw Goddard has hired business support and ­restructuring partner Alison Goldthorp in London. Her new team consists of 24 fee-earners nationally. Goldthorp joins from ­Taylor Wessing, where she was head of the firm’s reconstruction and corporate recovery (RCR) group until 2007. Taylor Wessing recently hired Osborne Clarke partner Patrick Cook to head its RCR group, […]

Satellite litigation

By common consent, the 2004 statutory dispute resolution procedures were not a success, and produced an avalanche of satellite litigation. They have been variously described as ‘inappropriately inflexible and prescriptive’ (Gibbons Report), ‘the middle of a manky meat sandwich’ (Hansard) and ‘rebarbative’ (Underhill J). From April 2009 they will be replaced by a shorter, more […]

Ten rising firms show they’re hot on the heels of top 100 in standout 2007-08

The lower echelons of the legal market have thrown up some impressive success stories in the 2007-08 financial year, with some firms ;posting ;massive increases in turnover. Data from this year’s The Lawyer UK 200 Annual Report – published on 1 September – has built a picture of the 10 firms occupying places 101-200 in […]

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