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Latest Briefings

India: The age of telephony has arrived

On 19 June 2018, the Department of Telecommunications, Government of India (DoT) finally provided its nod to several key recommendations (Recommendations) made by the Telecom Regulatory Authority of India (TRAI) on the Regulatory Framework for Internet Telephony in October 2017. DoT has released a clarification (Clarification) and certain amendments to existing licenses (Amendment), both of […]

Claims management companies: The new regulatory regime

Walker Morris Banking Litigation partners Louise Power and Rob Aberdein explain the new regulatory regime and the Financial Conduct Authority’s proposals for changes to the regulation of claims management companies across England, Wales and Scotland…

Adjudication Matters – July 2018

The Courts have re-affirmed that, despite a contract containing an express right of set-off, it is only in exceptional circumstances that a party will be entitled to set-off another claim against an Adjudicator’s award. This case serves as a helpful reminder that a right to set-off is unlikely to apply to an Adjudicator’s decision. The […]

Two EU regulations on UCITS/AIFMD asset segregation requirements for depositaries upon delegation

On 12 July 2018, the European Commission adopted two delegated regulations supplementing the Alternative Investment Fund Managers Directive (AIFMD) and the Undertaking for Collective Investment in Transferable Securities Directive (UCITS) on the safekeeping of assets by depositaries and their delegates. Their main purpose is to eliminate discrepancies among different national regulations. The following aspects will […]

Sleeping time is not working time says Court of Appeal

By Siobhan Fitzgerald The social care sector is breathing a sigh of relief after the Court of Appeal in Royal Mencap Society v Tomlinson-Blake reversed previous cases and decided that only time spent awake and working should be counted as working time for the purposes of calculating the national minimum wage.

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Wilson Sonsini blames downturn for 113 layoffs

Wilson Sonsini Goodrich & Rosati has become the latest US firm to announce it is making layoffs, with job cuts totalling 113 employees. As revealed on US legal blog AbovetheLaw.com today, the firm has culled 45 lawyers and 68 support staff due to the economic downturn. An internal memo sent firm wide, chief executive officer, […]

Revenue and profits static at Greenberg Traurig

Greenberg Traurig has posted virtually static year-end results, with the 1,800-lawyer firm managing a 0.25 per cent increase in revenue and a 0.5 per cent rise in average profits. In 2008 Greenberg’s gross revenue grew to $1.203bn from $1.2bn while average profit per equity partner (PEP) rose from $1.3m to $1.31m. Despite the lack of […]

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Pitch perfect

Taking part in a successful client meeting has never been so important and learning simple lessons on self presentation can help win business, says Jack Downton. The coming 12 months are set to make for a difficult year for the British legal industry. The intensifying downturn will inevitably lead to an increase in competition for […]

WilmerHale moots Shanghai launch

WilmerHale is in the early stages of applying for a licence to practise in Shanghai, part of a strategy aimed at extending the US firm’s Asian platform. Currently, WilmerHale’s only Asian office is its Beijing base, which opened in 2004 and is headed jointly by corporate partners Lester Ross and Robert Woll. Yesterday (21 January), […]

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