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Latest Briefings

New online court may improve chances of tenancy arrears recovery

By Karl Anders and Lucie Bryan On 6 April 2018 HMCTS publicly announced the launch of a new online service to allow members of the public and businesses to issue money claims, resolve disputes and access mediation via a new online claims service. Known as Civil Money Claims, and available for money claims with a […]

Dress codes in the workplace: new government guidance

By Stuart McBride New guidance entitled “Dress codes and sex discrimination – what you need to know” was published by the Government Equalities Office last week.  It follows the 2016 online petition started by a woman who was sent home from work when she refused to wear high heels. The petition led to a Parliamentary Enquiry […]

Timor-Leste oil and gas: New maritime treaty with Australia

On 6 March 2017, in New York, delegations of both countries signed, before the United Nations’ Secretary-General and Portugal’s former Prime-Minister, António Guterres, the “Treaty Between the Democratic Republic of Timor-Leste and Australia Establishing Their Maritime Boundaries in the Timor Sea”. The new maritime boundaries between the two countries represent, after almost 50 years, Australian’s […]

Portugal: New regime for conversion of unsubordinated credits into capital

Law No. 7/2018 was published on 2 March and created a legal regime for the conversion of unsubordinated credits into capital in commercial companies, or companies adopting a commercial form, incorporated under the Laws of Portugal. The new law entered into force on the day after its publication and clearly aims to provide an extrajudicial […]

Portugal: Exploitation of lithium

Lithium minerals have seen a rise in demand and price since 2011, which became even greater in 2016, and the expectation is that this rise will continue along with the growing demand for electric vehicles. Lithium supply security has become a top priority for technology companies in the United States and Asia and, worldwide, lithium […]

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Start-up promises new era for access to litigation funding

The debate surrounding litigation funding has intensified, with a new provider hitting the market. Key Business Finance is set to launch a series of fee-funding products to help offset the loss of legal aid. Nick Sanders, managing director of Key, said: “The new way of fee funding means people have the freedom to choose which […]

Herbies hands power back to the partners

Herbert Smith is attempting to reverse the trend of corporatisation of law firms, with its management being decentralised and handed back to the partners. Senior partner David Gold wants to shift the firm’s managerial emphasis, with the onus for driving the firm forward moving away from him and onto every partner in the firm. Gold […]

City giants enter the fray in battle for control of EMI

Top City firms are squaring up in the battle for music publishing group EMI. Three private equity groups have confirmed their interest in the world’s third-largest music publisher, which is a client of Freshfields Bruckhaus Deringer. US-headquartered private equity houses Cerberus, One Equity and Fortress are set to engage in a £3bn takeover battle for […]

Wragges reveals tepid financials

Birmingham-based Wragge & Co has boosted turnover by a middling 11 per cent, hitting £112.6m after 2005-06’s £101.3m. Meanwhile, average profit per equity partner (PEP) has hit £410,000, up by less than 4 per cent from £395,000 last year. Total profit is up by 9 per cent, from £41m to £45m, while the profit margin […]

Eversheds confirms PEP to break £500k

Eversheds has cracked the half-million profit per equity partner (PEP) mark for the first time, the firm’s financial year-end results reveal, as first revealed by The Lawyer (7 May, 2007). The figures reveal PEP having risen 20 per cent for the second year running, bringing this year’s figure to £502,000 after 2005-06’s £422,000. Turnover has […]

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