Freshfields in talks to end all-equity model

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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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Dentons rebuilds partnership with record promotions

Denton Wilde Sapte is set to rebuild its partnership with 26 promotions after losing almost of fifth of its partners over the last two years. TMT, which notoriously lost 11 partners in one fell swoop to DLA Piper Rudnick Gray Cary in 2004, did not make up any lawyers having promoted three during the past […]

Clyde & Co promotions help female partner ratio

Clyde & Co has improved its ratio of female partners by making up two women in its latest round of promotions. In 2005 the firm brought in no new female partners, either by promotion or lateral hire. However, this year Paris-based construction litigator Clarisse Billot has been promoted to partner, while marine transport partner Hatty […]

Average PEP at US firms smashes $1m

The average profit per equity partner (PEP) at the top 100 US firms broke through the $1m barrier for the first time last year while an unprecedented seven firms smashed the $1bn gross revenue mark. According to The American Lawyer’s AmLaw 100 survey, average PEP across the top 100 US firms was $1.12m for the […]

Lawyers show their lengths

Bill Richards, senior partner of Lawrence Graham, and Simon Johnson, his opposite number at Nabarro Nathanson, were both recently spotted doing lengths in the RAC’s swimming pool. Is this the key to the property firms’ success?

Townsend picks Tokyo for first overseas foray

San Francisco-based IP firm Townsend and Townsend and Crew has opened an office in Tokyo. The move represents the first international expansion in the nearly 150-year history of the firm. The office, which will be known as Townsend IP Law, is led by special counsel Hitoshi Akiba, a Japanese patent lawyer and member of the […]

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