Fried Frank adds seven to partnership

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Latest Briefings

Longer term tenancies? Potential implications for lenders

Walker Morris’ Housing and Banking Litigation experts Karl Anders, Justin Coley and Sandip Singh explain the UK government’s consultation on introducing longer-term tenancies in the private rented sector, with a particular focus on potential impacts for lenders…

Assessing creditworthiness in consumer credit: FCA publishes final rules and guidance

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

FCA consultation on a Global Financial Innovation Network

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

Austria: The DPA’s strict view on retention periods

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

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White-collar crime

Travelling internationally? Planning on doing a bit of document mark-up on your way? Don’t take a Herbert Smith pen – they explode. Yes, the exploding pen is the latest must-have accessory for Herbert Smith lawyers, or any guests foolish enough to pick one up from the conference room. A Herbert Smith Asia partner related to […]

MBR&M insurance team raids Bakers

Mayer Brown Rowe & Maw (MBR&M) has beefed up its insurance and reinsurance practice with a high-level partner hire from Baker & McKenzie as the team prepares for its move into the Gherkin. Peter Schwartz leaves Bakers after seven years with the firm. He specialises in non-marine reinsurance and liability insurance on behalf of the […]

Gateleys-HBJ tie-up pays off as PEP jumps by 40 per cent

Average profit per equity partner (PEP) at HBJ Gateley Wareing has rocketed by 40 per cent in the year the firm sealed its Anglo-Scottish merger. Partners are toasting a PEP of £280,000, up by 40 per cent from the £200,000 recorded at the pre-merger Gateleys. Managing partner for England Peter Davies said: “The growth has […]

Notts Law School: is there anyone there?

How ironic. Just days after CMS Cameron McKenna announced its decision to insist its trainees attend BPP Law School to study the LPC, Nottingham Law School announced the management team for its new London branch. But with the addition of Camerons to the ever-burgeoning list of sole-provider firms, that same management team may soon be […]

Freshfields sells tourist icon Covent Garden

Freshfields Bruckhaus Deringer and Mayer Brown Rowe & Maw have secured key mandates advising on the £420m sale of central London tourist icon Covent Garden. Freshfields advised long-standing clients Scottish Widows Investment Partnership (SWIP) and Henderson Global Investors on the sale of the portfolio of 31 properties totally more than 450,000 sq ft focused around […]

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