4 Pump Court – UK 100

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Latest Briefings

Significant Beneficial Ownership: MCA Releases Amended Rules

On 8 February 2019, the Ministry of Corporate Affairs (MCA) released the Companies (Significant Beneficial Owners) Amendment Rules, 2019 (New SBO Rules) to revise and amend the Companies (Significant Beneficial Owners), 2018 (Old SBO Rules). The New SBO Rules have once again kick-started the process of requiring significant beneficial owners to start the reporting procedures. […]

Bermuda’s beneficial ownership registers and privacy: status update and further observations

Bermuda companies, limited liability companies and partnerships have until 30 April 2019 to update or verify beneficial ownership information under Bermuda’s ‘beneficial ownership legislation’. Bermuda’s central register of beneficial ownership information is held on the Bermuda Monetary Authority’s (BMA) “Integra portal”, a secure online registration and filing system. Currently, under Bermuda law, the information on […]

Trusts vs. Foundations: What are the deciding factors?

Trusts have been around for a long time. Their use in the context of succession and wealth planning as well as philanthropy is well established. Foundations, on the other hand, are relatively new (certainly to common law jurisdictions such as Jersey) and as a result there are fewer of them. However, they are being increasingly […]

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Freethcartwright – UK 100

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Legal & General (L&G) is claiming to have scored a major victory in its high-profile case against the Financial Services Authority (FSA). The Financial Services and Markets Tribunal today cleared L&G of wide-spread mis-selling of endowments, proving that only eight out of the 152 were mis-sold. The Tribunal also indicated that the £1.1m fine imposed […]

Howrey takes over Houston litigation boutique

Howrey Simon Arnold & White has merged with Houston litigation boutique Clements O’Neill Pierce Wilson & Fulkerson. Howrey’s Houston office has bagged 22 lawyers from Clements and now has 90 in total. Prior to the merger, Clements name partners Thomas Fulkerson and Michael Wilson split to form two-office litigation boutique Wilson Fulkerson. Partner Ralph Midkiff […]

White & Case – UK 100

UK/global turnover: £51.9m/£495m UK/global PEP: £535,000/£616,000 UK/global revenue per lawyer: £300,000/£319,000 UK revenue per partner/equity partner: £1.3m/£1.7m Global revenue per equity partner: £2m UK/global number of partners: 31(41)/238 UK/global number of lawyers: 173/1,552 UK number of staff: 151 UK/global leverage ratio: 1:4.5/1:5.5 UK equity partner to staff ratio: 1:4.8 Equity structure: Modified lockstep. Billable hours […]

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