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Latest Briefings

Do payment processors wield too much power?

By Simon de Broise  Payment processors, as the name suggests, facilitate payments by credit and debit cards for both online and point of sale transactions. The payment processor acts as an intermediary between the merchant (e.g. a retailer or airline) and the customer’s bank, facilitating the rapid authorisation (or otherwise) of the payment and initiating (and […]

Making alterations to rented business premises in Guernsey

By Piers Dereham I want to carry out fitting-out works to my business premises but my landlords say I will have to remove them when my lease expires. They are also saying that they need to check my plans before they agree to anything. Is this correct? Yes. Most commercial leases contain clauses requiring you to […]

Ignoring Turkish law on data breaches could put you in prison

Data processors resident outside Turkey whose activities affect Turkey may also need to register by 30 September 2019. Even failing to delete expired data can be punished by one to two years’ imprisonment. As a candidate state for EU membership, Turkey aligns much of its legal system with EU law, hence its 2016 Law on the […]

Amendments to the legislation of Kazakhstan on corporate matters

By Bolat Miyatov  On 2 July 2018, the Law of the Republic of Kazakhstan No. 166-VI “On Amendments to Certain Legislative Acts of the Republic of Kazakhstan on Insurance and Insurance Activities, Securities Market” was adopted. Among other things, this legislative act has amended the Law of the Republic of Kazakhstan dated 13 May 2003 No. […]

Six weeks to go until Brexit: What’s going to happen to environmental law?

By Ben Stansfield, Lee P McBride, Andrew Litchfield One of the great beneficiaries of the European Union has been the environment. Since the very beginnings of the EU, Member States have come together and enacted a great variety of environmental laws, leading to cleaner seas, flourishing habitats and healthier citizens. With Brexit only a few weeks away, this […]

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Downturn keeps insolvency lawyers in top gear

High-profile insolvencies are keeping law firms’ financials afloat. There’s probably never been a better time to be an insolvency lawyer. Their services are in such demand that 48-hour stints in the office are commonplace and top partners can command up to £900 an hour. “I’ve never felt so popular,” jokes Freshfields Bruckhaus Deringer partner Richard […]

TLT Solicitors

UK 200 Position: 68 UK … Position: 67 Firm: TLT Solicitors Turnover: £41mProfit per equity partner: £268KEarnings per partner: £144KEquity spread: £135K-£310KNet profit: £5.4mProfit margin: 13 per centRevenue per fee-earner: £93KRevenue per lawyer: £234KRevenue per partner: £569KRevenue per equity partner: £2.05mTotal number of fee-earners: 439Total number of qualified partners: 175Total number of lawyers: 72Total number […]

Simmons & Simmons: ruthlessly efficient

When Simmons & Simmons revealed in June that it had boosted its average profit per equity partner (PEP) by 20 per cent, smashing its £600,000 target by £47,000, we all wondered just how the firm had done it (TheLawyer.com, 30 June). This week’s announcement goes some way to answering that question. As managing partner Mark […]

Heller gives Orrick momentum

Orrick Herrington & Sutcliffe King of vultures is growing all over the place Where there is a loser, there is usually a winner. So far, in credit crunch terms, most of the winners are hard to ­pinpoint. But in the aftermath of the collapse of Heller Ehrman, the most successful vultures are already making themselves […]

Linklaters curtails client base to focus attention on major players

Linklaters curtails client base to focus attention on major players” />Linklaters is in the process of slashing its client base in an attempt to reduce conflicts and focus its ­business solely on large global entities. Managing partner Simon Davies, who is leading the project, carried out a similar exercise at the beginning of the decade […]

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