Firms unwilling to say ‘howdy’ to Saudi

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Latest Briefings

Impact of DSARs in the GDPR Era

Since the General Data Protection Regulation (GDPR) went into effect this past May, there has been a significant uptick in the number of data subject access requests (DSARs). Due to these regulatory changes, along with steep fines and shorter deadlines to complete requests, the compliance burden on organizations has to be taken seriously. To effectively […]

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

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A highly paid Wade in the sea

Regular readers may recall a wave of stories some time back about the City trend for able-bodied men to ditch the suits and climb in the ring. One of the leading proponents of the ‘art’ of white-collar boxing was one Alex Wade, a former Carter-Ruck solicitor who saw the light and joined the noble ranks […]

Norton Rose raids Texans for new arbitration chief

Norton Rose has hired Baker Botts partner Joseph Tirado to head its international arbitration practice to plug the hole left when the firm’s former global head of dispute resolution Peter Rees jumped ship. Tirado’s specialises in energy and infrastructure meaning that, in terms of practice, he comes in as a direct replacement for Rees, who […]

Lewis Silkin prelim results point to record PEP and turnover

Lewis Silkin has announced its best-ever figures for average profit per equity partner (PEP) and turnover in its preliminary results. For the financial year ending April 2006, the LLP announced a healthy 16 per cent increase in PEP to £263,000 compared with last year’s figure of £226,000. Last year The Lawyer reported (5 June) that […]

Browne Jacobson turnover ‘disappointing’

Midlands firm Browne Jacobson saw a minimal increase in turnover during 2006-07 with its year-end figure rising just 3 per cent from £30.1m to £32m. Managing partner Brian Smith said that the low rise reflected the adoption of the UITF40 accounting system, and a like-for-like comparison would show that turnover was up 8 per cent. […]

Clerks back CPD but shun pupil pay

The recent Institute of Barristers’ Clerks (IBC) conference placed education at the top of the agenda as clerks look to increase professionalism. The conference, held at the Royal College of Surgeons, voted in favour of clerks having to undertake continuing professional development (CPD). More than three-quarters of the 200-strong delegation of clerks felt that CPD […]

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