DZP reworks management to prepare for next generation

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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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Herbert Smith

Having suffered a mass exodus of disputes associates a year earlier – with those leaving claiming that career progression at the firm was unclear – Herbert Smith created the role of counsel. To date, a total of 18 people have taken this route as an alternative to partnership, which offers profit and performance-related bonuses as […]

Linklaters v Freshfields: the arms race starts here

Linklaters’ shock ‘New World’ partner cull sparked by magic circle fight for supremacy Linklaters’ plan to trim its partnership by up to 70 has sparked furious debate across the profession. As exclusively revealed by TheLawyer.com last week (23 January), the management is considering cutting up to 70 partners and 10 per cent of associates in […]

Linklaters helps squeeze £7.8bn from Carlsberg-Heineken

The Scottish & Newcastle (S&N) saga has finally come to a close after the £7.8bn offer by the Carlsberg and Heineken consortium was accepted. The Scottish & Newcastle (S&N) saga, one of the most heated and legally complex takeover battles of 2007, has finally come to a close after the £7.8bn offer by the Carlsberg […]

Bevan Brittan moves to reverse exodus

Bevan Brittan chief executive Stuart Whitfield has moved to defend the firm’s strategy following an exodus of partners and associates. Beachcroft is the latest to raid Bevan Brittan with a move for a Bristol-based litigation team led by partner Ben Daniels. Since May 2007 at least nine partners have quit the Bristol-headquartered firm, with more […]

BLP swoop secures fraud partner from DLA Piper

Berwin Leighton Paisner (BLP) has secured the services of fraud specialist Segun Osuntokan from DLA Piper. Osuntokan, who was a partner at DLA Piper, has been hired to boost BLP’s banking and finance litigation practice. BLP head of dispute resolution Jonathan Sacher said: “Segun will help add to our already strong banking litigation practice and […]

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