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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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Reynolds Porter alters lockstep pay system

Reynolds Porter Chamberlain is changing its lockstep to include a modified system for the first time. The 50-partner insurance specialist previously had a 2:1 spread that saw partners gradually move up to plateau level after 14 years. Reynolds Porter has now introduced levels within the spread where the performance of the partners must be assessed. […]

Davis Polk man quits for Morgan Stanley

Davis Polk & Wardwell is losing one of its London partners to investment banking client Morgan Stanley Dean Witter. Thomas Reid is to become managing director in the corporate finance services department of Davis Polk’s investment banking division in Europe, focusing on IPOs and other capital markets products. While at Davis Polk in London Reid […]

Wrigleys merges with Malcolm Lynch

Leading private client firm Wrigleys has propelled itself up the league tables by merging with niche charity specialist Malcolm Lynch. The newly created practice now planning to compete with major London charity firms such as Bates Wells & Braithwaite, Farrer & Co and Paisner & Co. Leeds-based Wrigleys was created in 1996 when Dibb Lupton […]

First-name terms give partners better returns

Every law firm is in the “people business” and those who fail to identify that are holding themselves back for the future. Interpersonal relat-ionships are absolutely fundamental. This means that partners and those in authority need to be approach- able and positive, and display the best of human characteristics. This may mean breaking down some […]

Simpson Thacher hires two partners from Shearmans

Shearman & Sterling‘s Silicon Valley expansion plans have suffered a setback with two of the firm’s top partners leaving for Simpson Thacher & Bartlett. William Hinman, who was Shearmans’ managing partner in San Francisco and Menlo Park, and business finance partner Kevin Kennedy are leaving for the rival New York firm. Shearmans has significantly increased […]

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