FSI reveals staggering rise in partner profits

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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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Landwell partner moves to Bird & Bird

Landwell has sustained a partner loss after its London-based head of real estate left for Bird & Bird. Russell Dellar will team up once again with Bird & Bird head of real estate Jonathan Baker. The pair were partners at Denton Wilde Sapte before Dellar joined Landwell and Baker moved to Bird & Bird. First […]

Lovells boosts Milan with Freshfields hire

Lovells has ended a bad run for its international network on brighter note, welcoming a new partner for its Italian office from Freshfields Bruckhaus Deringer. Marco Lantelme, a former senior finance associate at Freshfields, will launch an Italian capital markets and securitisation practice from Lovell’s Milan office. The firm is also understood to be planning […]

How do you check yours?

With conflicts rules governing law firms once more under the spotlight, Joanne Harris investigates just how the City’s finest manage the process ALLEN & OVERY New York managing partner Mark Welling oversees Allen & Overy’s (A&O) conflicts checking procedure. He heads a global business acceptance unit made up of lawyers spread across the firm. On receiving new instructions, an […]

Bird & Bird targets French independent for partner drive

Bird & Bird’s Paris office has taken on its second new partner within a month, recruiting the head of public law from French independent August & Debouzy. Jean Dominique Bloch will lead Bird & Bird’s public law team, and has been joined by two assistants from his former firm. With the hires, Bird & Bird’s […]

Pinsents’ turnover takes a tumble

Pinsents has recorded a turnover drop of 3.5 per cent this year, with gross revenues falling from £95.1m to £91.6m. End-of-year profits have yet to be finalised, but a spokesman said it was expected to remain “about the same”. Last year, its average profit per equity partner was £276,000.

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