Fried Frank rocked by exits

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Latest Briefings

Navigating a new reality in the client-empowered era

To thrive in the new era of the empowered client, law firms must make investments designed to modernise the way they run their firms and service their clients. This requires changing culture, developing new competencies, and operationalising new ways of working. Innovative technologies are key enablers to accelerating rms’ transformations in these areas. New research […]

Future of public procurement in UK in the event of ‘no-deal’ Brexit

By David Kilduff, Richard Auton or Richard Butterworth On 13 September 2018, the UK government published further guidance on the future of public procurement in the UK in the event of a “no deal” Brexit. What next for UK public procurement? Under current rules, all procurement opportunities that fall within the scope of the EU procurement […]

Third party redevelopment – Landlord may oppose tenant’s lease renewal

By Matthew Lonergan, Lucy Shepherd A recent case has confirmed that a landlord was entitled to oppose its tenant’s lease renewal under the Landlord and Tenant Act 1954 where redevelopment of the site was to be undertaken by a third party. Background The case of Santander UK PLC v LPS Estates Ltd concerned the security of […]

Sunset of £500K, dawn of GDPR enforcement and horizon of Brexit

By JP Buckley In just a short space of time, the ever-evolving world of data protection and cyber has seen yet more change: 1. Potentially one of the last enforcement actions under the Data Protection Act 1998 against Equifax – and a maximum £500,000 fine for them for failing to secure UK citizens’ personal data against […]

Officer of judgment debtor can be committed for failure to provide information under CPR 71 – Court of Appeal

Deutsche Bank AG v Mr Alexander Vik [2018] EWCA Civ 2011 This judgment is the latest instalment in the long-running litigation between Deutsche Bank (“DB”) and the Monaco-based billionaire, Alexander Vik. In 2008, Mr Vik’s personal investment vehicle, Sebastian Holdings, Inc. (“SHI”), incurred huge debts to DB after it made a series of heavily loss […]

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Freshfields upsets assistants with email clanger

In a damaging email blunder, Freshfields Bruckhaus Deringer has revealed limited partnership promotion prospects for associates in the London project finance department. In an emailed memo intended for project finance partners, but mistakenly sent out to assistants, the firm set out the business case for growth of the department. Sources at Freshfields said that some […]

Wedlake Bell hoping for airline work after hire of BA’s employment lawyer

Wedlake Bell is hoping to get a share of airline industry work after hiring British Airways (BA) senior employment lawyer Jo Pawley. Pawley returns to private practice after more than seven years in the role at BA. She was originally seconded from Osborne Clarke. Wedlake Bell is not one of BA’s panel firms, but Pawley […]

Clyde & Co first to Iraq

Clydes beats the City with Iraqi launch as it stakes key claim to lucrative post-war reconstruction Clyde & Co is set to be the first UK firm into Iraq since the cessation of hostilities last month. The firm has established an exclusive cooperation agreement with prominent Baghdad practice Numan Shakir Numan, one of Iraq’s largest […]

Law Soc’s £2m folly

The Law Society has spent a staggering £2m in consultancy fees over the past two years, including £1m on advice relating to its much maligned IT programme Project Engineer. The Law Society spent £160,000 on consultancy advice from PricewaterhouseCoopers over last year’s proposed £48m relocation of its regulatory section into a single Midlands office, which […]

Putting the public back into the PPP market

Julia Cahill investigates the new-look PFI scheme being introduced across the NHS For any project finance lawyers with an idle moment to fill this summer, a recent report available on the Unison website might make interesting reading. ‘The PFI Experience, Voices from the Frontline’ is a collection of accounts given by staff working in nine […]

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