Hammonds mergers see profits take a tumble…

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Latest Briefings

Putting data to work

By Nicholas d’Adhemar Technology is dramatically changing the practice of law. Big data, machine learning, smart contracts and Artificial Intelligence are all making the assimilation and interpretation of large amounts of unstructured data much easier. Some doom-mongers see this as the end of the traditional practice of law. We believe, rather, that the trend will be […]

The Romanian Competition Council never rings twice

By Georgiana Badescu, Mona Banu, Volker Weiss This is how it all starts: with a ring at the door We can only imagine how big the surprise must be when you find out that your Belgium-based office is being raided in an investigation by the Romanian Competition Authority. But it is a fact that the […]

E-mobility market in Portugal – An overview

By Manuel Santos Vitor, Catarina Cortez Gamito Historical and legal background One of the main national priorities in what concerns the Portuguese electricity sector is the development and full implementation of a strong electric mobility (‘e-mobility’) market. This priority largely results from the government concerns associated not only with the environment (ie, reduction of greenhouse gas (GhG) […]

New Jersey LLC law strengthens the Island’s offering to US managers

By Matthew Shaxson Jersey’s new LLC law strengthens the Island’s offering to US managers to build on the £169 billion of US assets and funds already administered here, says Ogier partner Matthew Shaxson. The Island’s legislature gave final approval to the new LLC structure, which largely mirrors the existing Delaware model, last week. With a significant […]

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

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…as the firm boosts corporate tax in Berlin

The Berlin office of Hammond Suddards Edge has hired corporate tax lawyer Jens Uwe Hinder from German auditing firm Schmidt in a move that will give the office a new capability in corporate tax law.Hammonds opened in Berlin and Munich in April 2001, just prior to its approval of the merger with Paris firm Hausmann […]

Clifford Chance fiddles with lockstep to win Brobeck team

Just as the magic circle firm says goodbye to the five Grimaldi superpointers, in come five more with a special pay deal Clifford Chance‘s decision to go ahead with the biggest lateral hire in the history of the legal profession and take on up to 21 partners from Brobeck Phleger & Harrison to open on […]

Last Garretts heavyweight finds Lovells

Lovells has hired Simon Atiyah, the last of Garretts’ big-name practising partners. The only Andersen Worldwide partner yet to find a new position is ex-managing partner Tony Williams.A source at Garretts said there was more good news, because the firm’s financial projections indicate that existing liabilities can be covered without partners’ equity taking a hit.Atiyah, […]

Insurance

It’s that time of year again. The results of a year-long endeavour are awaited and while jubilation awaits the winners, heartache and a ‘maybe-next-year’ mentality beckons to the losers. Eurovision has been and gone, but The Lawyer Awards – the definitive reckoning of law firm performance – still have to be decided.Insurance firms do not […]

Opinion

The National Audit Office’s announcement that £4.5bn of the NHS’s £40bn allocation has been set aside to meet clinical negligence claims has caused consternation among commentators.The cost of an estimated 850,000 clinical negligence claims has grown from £50m to £4.4bn per year in the past five years. Last year’s increase was £500,000, with the warning […]

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