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Latest Briefings

What is a ‘reasonable endeavours’ obligation, and is it a sensible solution?

Gwendoline Davies, Head of Commercial Dispute Resolution at Walker Morris explains what a party needs to do to comply with a ‘reasonable endeavours’ obligation, and considers whether endeavours clauses are always a sensible solution. What are endeavours obligations? Many commercial contracts contain obligations on a party to use its best or reasonable endeavours to do something or […]

Fair treatment of existing customers | FCA priorities series part 11

By Michael Ruck The penultimate part in our FCA Priorities series focuses on the cross-sector priority of fair treatment of existing customers. Over the last few years the FCA have increasingly focused on this issue, unhappy that firms were attracting new customers with preferential rates/incentives whilst not offering those rates and incentives to their existing […]

The need for alternative rental structures in retail

By Dan Sweeney Tough trading conditions on the high street have led several major retailers to seek rent cuts or turnover-based rents from their landlords. Monsoon Accessorize, H&M and Primark are amongst those hitting the headlines for entering into these discussions. There is an acknowledgment across a significant part of the market – including occupiers […]

The IPO opportunity for Northern Ireland

By Andrew Jennings Northern Ireland’s (NI) tally of publicly traded firms on stock markets has doubled in the last two years to reach four. In March this year, Belfast-founded data and analytics firm Diaceutics floated on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). This followed Fusion Antibodies, a contract research organisation, […]

Equitable Life Proposal – decision time for trustees

What is the Equitable Life Proposal? The Proposal covers trustees who hold Equitable Life with-profits policies with a guaranteed investment return, as a scheme asset. The Proposal is: to remove the guaranteed investment return (typically 3.5%) on Equitable Life with-profits policies; to uplift the value of the with-profits policy by a minimum primary uplift of […]

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Addleshaws halves promotions

Addleshaw Goddard has halved its partner promotions from 2004-05, with five associates promoted to partner for the new financial year. The firm’s corporate, real estate, projects, property litigation and employment practices all received one new partner each. Last year the firm promoted ten to the partnership, with corporate and litigation both receiving three promotions, while […]

Freshfields in talks to end all-equity model

Freshfields Bruckhaus Deringer has launched a full-scale review of its cherished all-equity partnership model, including the possibility of de-equitising partners. In what is a momentous U-turn, the magic circle firm’s senior management has confirmed that it is considering a wide range of changes to its partnership model, including the creation of fixed-share partners across the firm. The review […]

Slaughters reaffirms Hong Kong presence with Morgan Stanley hire

Slaughter and May has enticed Morgan Stanley in-house counsel Lisa Chung back to the firm’s Hong Kong office after a year with the global investment bank. Chung is set to rejoin Slaughters as a partner in July, after moving to Morgan Stanley at the beginning of 2005. Morgan Stanley is a longstanding client of Slaughters. […]

Goodwin raids pave way for California expansion

Boston-based Goodwin Procter has launched an assault on California, opening in Los Angeles (LA) and San Francisco on the back of raids on Pillsbury Winthrop Shaw Pittman and Cooley Godward. The LA office will be chaired by Lewis Feldman, the former head of the LA real estate and national public finance team at Pillsbury. Feldman […]

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 […]

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