Fee incomes and profits slowdown sends warning signal to law firms

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Latest Briefings

Deadline for notification of AML officer appointments is 31 December

By Maree Martin The deadline for regulated funds to notify the Cayman Islands Monetary Authority (“CIMA”) of their appointment of an Anti-Money Laundering Compliance Officer, Money Laundering Reporting Officer and Deputy Money Laundering Reporting Officer (together “AML Officers”) is 31 December 2018. The appointments were required to have been made by 30 September 2018. Unregulated funds are […]

Romania: Cybersecurity – Call for action for major companies in critical sectors

By Daniele Iàcona, Costin Sandu The first piece of EU-wide legislation on cybersecurity is expected to be transposed into Romanian law anytime now, bringing into play enhanced system security obligations for major companies in certain sectors, as well as fines of up to 5 % of non-compliant companies’ turnover. Romania is on its way to finalising the second […]

Hungary: HCA publishes digital consumer protection strategy

By András Nagy The Hungarian Competition Authority (HCA) recently published a strategy paper presenting its views on consumer protection in the digital age. The paper subtly indicates that the HCA will continue to follow the European Commission’s guidance in this regard. The paper highlights the measures which the HCA deems necessary to protect consumers and keep […]

Take nothing for granted – legal privilege and internal investigations

By Nick Williams, Rebecca McNulty The subject of legal professional privilege has been back in the spotlight recently, with the English Court of Appeal decision in SFO v. ENRC substantially reversing the original High Court decision. This stops – at least for now – the erosion of a fundamental legal principle: that a person can seek legal […]

Recommended

The evidence on withholding taxes

Heather Corben, partner, SJ Berwin Paul Hale, head of corporate taxes, Simmons & Simmons Kevin Ashman, group manager of tax, Lovell White Durrant City lawyers are keeping a close eye on how Gordon Brown steers the UK’s way through the EU debate on whether withholding tax will be introduced here. Various pundits have pointed out […]

Donns wins insurance contract

Manchester personal injury firm Donns Solicitors has won a multi-million pound contract for one of the UK’s leading insurance brokers. The work for Bennetts is worth £2.7m annually and involves dealing with over 13,000 insurance claims a year. National firm Shoosmiths had previously held the contract for the insurer’s personal injury work, which accounts for […]

Eversheds' former head of tax goes back to chambers

Eversheds’ former head of tax has returned to the bar, five months after leaving the firm in a storm of acrimony. Reg Nock, a qualified barrister specialising in stamp duty, has joined revenue law set 24 Old Buildings after resigning from Eversheds just eight months after joining the firm. At the time of his departure, […]

In brief: Paris Smith & Randall

Paris Smith & Randall has taken on three property lawyers. Dominic Beeton and Rachel Saint have come from Blake Lapthorn while David Thompson has joined from Hammond Suddards. Beeton has been made an associate at the Southampton firm.

Quote of the week

“It’s actually quite offensive for a Muslim to be called Mr Mohammed. There is only one Mohammed.” – Judge David Pearl, director of studies at the Judicial Studies Board which is drawing up guidance to stop judges offending ethnic minorities.

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