Exit forces Keoghs to scrap commercial

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Latest Briefings

The Commercial Agents Regulations: a step behind the times?

By Alex Williamson The Commercial Agents (Council Directive) Regulations 1993 (the Regulations) are 25 years old this year. An evaluation by the European Commission concluded in 2015 that the underlying Commercial Agents Directive (the Directive) still met its objectives and functioned well. However, a recent Court of Appeal decision has shown that the legislation is struggling to […]

Exclusion clauses under the spotlight: UCTA reasonableness

By Perran Jervis In decisions handed down one day apart, the Court of Appeal concluded that a far-reaching exclusion clause which limited liability for negligence was reasonable under the Unfair Contract Terms Act 1977 (UCTA), whereas an exclusion clause in a lease (in the form of a non-reliance clause) was not. The decisions emphasise that […]

Currency, cost calculations and contractual clarity

Walker Morris’ Head of Commercial Dispute Resolution, Gwendoline Davies, highlights the importance of dealing comprehensively and clearly with matters of currency and calculation in cross-border contracts…

Belgian draft Trade Secrets Act: opportunities for the life sciences sector

On 8 June 2016, the EU Trade Secrets Directive was adopted. The main purpose of the Directive was to harmonise and enhance the protection of trade secrets EU-wide and to thus create an innovation-friendly environment for businesses. The EU Member States had to implement this Directive by 9 June 2018. Belgium missed the deadline, but […]

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Beachcroft bins lockstep for merit-based pay

Beachcroft has radically revamped its remuneration system to better reward partners’ performances, as it undergoes a cultural shift following its conversion to limited-liability partnership (LLP) status. The firm has ditched its simple modified lockstep in favour of multi-tiered remuneration for equity partners, which takes into account performance as well as seniority. Under the new system, […]

Linklaters smashes £1m PEP barrier

Linklaters average profits per equity partner (PEP) has broken the £1m mark for the first time following an impressive 26 per cent increase in PEP. The magic circle giant’s average PEP reached £1.062m for the 2005-06 year, up from £843,000 in 2004-05. This places Linklaters in direct competition with Slaughter and May – the only […]

Linklaters nets AstraZeneca role as conflict rules out Freshfields

Linklaters has scooped the lead advisory role on UK pharmaceutical giant AstraZeneca’s £702m offer for Cambridge Antibody Technology (CAT) after Freshfields Bruckhaus Deringer was conflicted out of the deal. AstraZeneca instructed Linklaters instead of regular counsel Freshfields because the latter firm acted for Abbott Laboratories in its dispute last year with CAT over the royalties […]

Linklaters soars past £1m PEP

Linklaters‘ average profit per equity partner (PEP) has broken the £1m mark for the first time following a staggering 26 per cent increase. The magic circle giant’s average PEP reached £1.06m for 2005-06, up from £843,000 in 2004-05. Slaughter and May is the only other UK firm with an average PEP above the £1m barrier. […]

Bunfight at the A&O corral

Allen & Overy has been attacked by US firms as it tries to reform its partnership. But as its flagship banking group loses market share, is all this tinkering too little, too late? Allen & Overy ‘s (A&O) partnership retreat last October in the Marriott Hotel on the Edgware Road was a chummy affair by […]

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