Herbies raises associate salaries by 17 per cent

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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 […]

Procurement and state aid update: preparing for 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 […]

Data protection: 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 – CoA

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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Linklaters kicks off City pay round with six per cent salary hike

Linklaters has kicked-off this year’s salary increases, raising newly qualified lawyers’ salaries by six per cent to £55,100.The magic circle firm announced that it was increasing salaries for fee-earners in London by between 5.5 and 12 per cent depe… Linklaters has kicked off this year’s salary increases, raising newly qualified lawyers’ salaries by six per […]

Gleiss leads Blackstone through telco investment

Gleiss Lutz advised longstanding client Blackstone on its first investment in a government-controlled company. The US private equity group was selected by the German government as the preferred bidder for a 4.5 per cent, E2.68bn (£1.5bn) stake in Deutsche Telekom. Blackstone established a new company, Green Park 1 Acquisition, for the acquisition, which gives the […]

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 […]

Cloisters reshuffle to focus on the little guy

Cloisters chambers has overhauled its strategy in order to reinforce its reputation as a crusader fighting for the rights of individuals against authority. The set has formed four new groups: the system, workplace, health and creativity. It has also introduced an internal strategy group, which it has named the JPM Group after Cloisters’ famous former head and […]

Writing wrongs

Feeling burnt out? Depressed? Disheartened? Obviously what you’re missing in your life is a little corporate spiritualism. A new book claims that the way to deal with the pressures of modern living is to “embrace spiritual principles in the workplace”. Right. According to the blurb, if we do this we will “move in leaps and […]

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