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Latest Briefings

SEBI introduces exemptions for companies undergoing insolvency

By Ashwin Bishnoi, Rohit Ambast Between 31 May to 1 June, the Securities and Exchange Board of India (SEBI) amended a number of securities regulations to provide certain dispensations for listed companies undergoing the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code 2016 (IBC). These amendments follow SEBI’s discussion paper of March […]

Case Study: Appleby Hope & Matthews improve productivity with ALB

By Norman Turvey Appleby Hope & Matthews had been AlphaLaw users for many years, and had reached the limits of being able to take the software any further. In order to maximise efficiencies and ensure their software would be able to meet their needs in the future, the decision was taken to review their current system […]

GDPR risks for retailers

By Jeanette Burgess, Gwendoline Davies Much of the focus in the retail and legal press in recent months has been on the eye-watering level of fines which data protection regulators can impose for infringements of the new EU General Data Protection Regulation (GDPR) legislation. However in this mini-series Walker Morris’ Heads of Regulatory & Compliance and […]

Swiss Lower House approves corporate tax reform

By Maurus Winzap, Robert Desax On 12 September 2018, the Swiss National Council (Lower House– Nationalrat – Conseil national) approved the revised version for a corporate tax reform (“Tax Proposal 17”). It is based on the Government’s proposal issued in March 2017 and on the version negotiated in the Upper House (Ständerat – Conseil des États) in […]

Recommended

Bar Council splits PCC and ‘trade union’ arms

Regulatory and policymaking functions part to deflect criticism of conflicts The Bar Council is to separate its regulatory and policymaking arms to avoid conflicts of interest. The move pre-empts the potential impact of proposals arising out of Sir David Clementi’s ‘Review of the Regulatory Framework for Legal Services’. At present a barrister can investigate and […]

Grapevine

German firm seeks friendship, but nothing seriousAt the end of last year German firm Beiten Burkhardt ended a tug of love between Berwin Leighton Paisner (BLP) and Eversheds by choosing an informal network of best friends rather than the formal alliance favoured by both UK firms. Strangely, Beiten claims this was never an option. The […]

Walker Morris – UK 100

Turnover: £39.5m Profit per equity partner: £520,000 Equity spread: £157,000-£550,000 Net profit: £14m Profit margin: 35 per cent Salaried partner remuneration: None Revenue per lawyer: £260,000 Revenue per partner: £940,000 Revenue per equity partner: £1,463,000 Cost per lawyer: £168,000 Profit per lawyer: £92,000 No of partners: 42 No of equity partners: 27 No of female […]

Manches – UK 100

Turnover: £23.8m Profit per equity partner: £209,000 Equity spread: £125,000-£280,000 Net profit: £4.5m Profit margin: 19 per cent Salaried partner remuneration: £80,000-£120,000 Revenue per lawyer: £222,000 Revenue per partner: £486,000 Revenue per equity partner: £1,133,000 Cost per lawyer: £180,000 Profit per lawyer: £42,000 No of partners: 49 No of equity partners: 21 No of female […]

Law Society under fire over plans for training revolution

The Law Society was last week accused of ambushing the legal profession with radical proposals to overhaul legal education. The Training Framework Review (TFR) – established four years ago to bring flexibility to the qualification process – wants to abolish the requirement for a law degree or vocational training, such as the LPC, to qualify […]

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