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Latest Briefings

Turbocharging your privacy policies: Putting them into context

By Becky Gray In this article – the last in a series of three – we set out some more handy tips how you can make your privacy policies work for you and your customers. In our previous article, we looked at the report on the relatively simple techniques that any business can deploy to […]

Financial services regulation round-up – December 2019

By Noline Matemera Banking Open Banking update on banks’ implementation of the Customer Experience Guidelines Open Banking has published an overview of how the six largest banks in Great Britain and the three largest banks in Northern Ireland (known collectively as the CMA9) have implemented the Customer Experience Guidelines (CEG) and the measures the Open […]

Alcoholic food gifts and the law (Scotland)

By Stephen McGowan A number of clients approach me at this, the most wonderful time of year, seeking advice on alcoholic food-based products and whether these are covered by licensing laws or not. One of the main queries seems to be about liqueur confectionary. Retailers know that specialist products like cherry liqueurs that appear at […]

High Court rules that application to withdraw admission is inconsistent with prior position adopted in relation to the FCA and SFO

By Neil Kitchener QC, Richard Mott, Simon Gilson In a judgment delivered earlier this week ([2019] EWHC 3312 (Ch)), Mr Justice Hildyard rejected Tesco’s application to withdraw an admission that its 29 August 2014 trading update to the market (the “August Trading Update”) was an untrue or misleading statement within the meaning of s.90A FSMA […]

Population management – The real story

By Richard Sheldon, Jeremy Berchem, Anthony Williams, Richard Field It is sometimes easy to criticise the States of Guernsey for various policies they have put in place – and sometimes that criticism is rightly placed, but over the last few years the one area that has received more criticism than anything else has been the […]

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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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