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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

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Lovells to slash 94 jobs

Lovells has begun a redundancy programme that will see up to 94 members of London staff lose their jobs. A total of 18 lawyers are at risk of redundancy, with 43 support staff, 27 secretaries and six professional support lawyers also likely to lose their jobs. The consultation process, which will last for one month, […]

Shoring up

The independent review of the crown dependencies due in spring this year could have advantages for offshore financial centres, but what of the UK itself? Asks Clayton Bonnette. The crown dependency review proposed by the chancellor in his pre-budget report last year is the ideal opportunity for offshore centres to demonstrate the stringent regulatory and […]

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Nixon Peabody cuts 56 jobs

Nixon Peabody has announced staff cuts totally 56 across the firm’s US network. As first revealed on US legal blog abovethelaw.com, the US firm has axed 20 lawyers and 36 support staff in a bid to combat the pressure of the ailing economy. Nixon Peabody managing partner Richard Langan said: “Our people are our most […]

The Latham guessing game

In the flurry of speculation over financials this year, the reality is that some firms’ results are simply more interesting than others’. And for the past few days, it seems everyone has been on tenterhooks for Latham & Watkins’ figures. The official results are due out next week. Unofficially, sources within the firm are predicting […]

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Latham & Watkins: confession

Latham & Watkins: confession” />The Lawyer is always happy to admit when it’s wrong. Last Friday we said Latham & Watkins’ revenues had fallen 20 per cent. Today the US firm revealed that, in fact, 2008 revenues fell just 4 per cent. It seems we were also wrong about average profits. We said they were […]

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