EY full steam ahead for the legal market

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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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Matt Byrne

Days of debt

Remember when lawyers were debt averse? Not any more. Today’s news that Irwin Mitchell has taken out a £90m facility has the potential to reshape the market. That is serious money, a mountain of cash that is certain to be used to fund an acquisition strategy by the firm, possibly in the run up to […]

Addleshaws
1

Addleshaws neglects litigation in eight-strong promos round

Addleshaw Goddard has added eight to the partnership for the second year running, but the firm’s litigation practice has not taken a new partner into the fold. In London the firm has made up three partners in the real estate, corporate and commercial groups. Three have also been promoted in Leeds into the finance & […]

Allen & Overy holds breakfast meetings for finance regulatory and compliance experts

Allen & Overy Amsterdam has introduced a series of breakfast meetings called ‘Early Birds’, which is organised by the firm’s Amsterdam financial regulatory team and meant for financial regulatory and compliance experts. In these meetings, new legislation will be discussed, with a focus on its interpretation as well as the consequences for clients’ organisations and […]

David Stewart Olswang
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Olswang’s CEO Stewart: Consolidation in the mid-market will accelerate

The April year end is almost here, and a law firm leader’s thoughts turn to financial reporting. And fish. Olswang’s chief executive David Stewart is on familiar territory. Not just talking about his firm’s performance, a topic he also addressed at the half-year stage when the firm’s six-month revenue rose by 15 per cent to […]

Trade deal is significant for European and American business, says Eversheds

Terry O’Regan, head of international trade at Eversheds, has commented ahead of the EU-US trade summit in Brussels on 26 March. O’Regan said: ‘This is a complicated deal where the headlines belie the details, which still need to be resolved.’ He added: ‘However, the economic benefits will be substantial for both parties, particularly in terms […]

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