Freshfields-Chiomenti merger collapses

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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

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FORUM: hedge funds

Hedge funds seem to be the latest recipe for institutional investment success, generating even more work for excited law firms. However, some argue that the risk outweighs the return. They might not currently be available in the retail sector, but a number of banks and traditional asset managers are launching their own products. So are […]

The plan

What exactly is a stakeholder plan? A stakeholder plan must be a defined contribution (money purchase) scheme. Its annual charges must not be more than 1 per cent of the value of the fund. The minimum contribution cannot be set at more than £20. The scheme must have its own trustees or stakeholder managers. What […]

Eversheds culls equity partners to hike profits

Eversheds is slicing an estimated 10 per cent of equity partners in an attempt to boost profitability. The figure represents 20 partners, of whom 10 will be taken out of equity and will drop down to fixed-share status, whereby a partner is effectively still self-employed but receives a fixed salary. The remainder will be asked […]

Private life

After many years in the wilderness, private client departments have rediscovered a favourable profile, even at the leading City firms. At Macfarlanes, however, private client work has never been out of fashion. In fact, last year the department had the highest billable hours in the firm, despite its reputation as the Slaughter and May for […]

Shoosmiths commercial head leaves for Reed Smith Warner

Shoosmiths has lost a company commercial head to Reed Smith Warner Cranston. Chris Hill’s arrival today (15 January) comes just days after the merger of Pittsburgh firm Reed Smith and UK firm Warner Cranston finally came into effect on 1 January. Hill had been with Shoosmiths since 1992, where he was an equity partner and […]

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