Special reports: professional negligence and Australia

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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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Friday the 13th

Today is Friday the 13th. But yesterday was the date that was truly unlucky for some. In a few hours on Thursday afternoon, one US firm after another lined up to announce layoffs. DLA Piper cut 180, including 80 lawyers (see story). Goodwin Procter laid off 38 lawyers and a total of 74 positions (see […]

Outer Temple chiefs examine commercial alternatives

Outer Temple Chambers has hired legal consultant Deborah Sabalot as a professional associate as the set undertakes a year- long review into alternative ­business structures (ABSs). Outer Temple Chambers has hired legal consultant Deborah ;Sabalot ;as ;a professional associate as the set undertakes a year- long review into alternative ­business structures (ABSs). Chambers managers are meeting monthly with […]

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Freshfields asks trainees to delay start date

Freshfields Bruckhaus Deringer has asked some of its trainees to push back their start dates in a bid to “even out” the size of its intakes. The magic circle firm currently has 64 trainees due to start in August 2010, but only 32 set to join the following February. Freshfields UK trainee recruitment head Deborah […]

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Salans muscles in on Olswang’s US friend

Greenberg to step up international drive with closer ties to European giant Olswang’s US friend” />Olswang’s relationship with US alliance partner Greenberg Traurig is being challenged ;as ;the ;Miami-­headquartered firm looks to expand its international ­coverage via closer ties with European firm Salans. Greenberg, ;which ­accesses the Italian market through an alliance with local firm […]

Lovells and DLA Piper announce redundancies

DLA Piper announce redundancies” />DLA Piper and Lovells have joined the growing list of law firms embracing ­drastic job cuts as a means of shoring up their businesses. As reported on The Lawyer.com (9 February), Lovells has begun a redundancy programme that will see up to 94 London staff lose their jobs. DLA Piper, which […]

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