Crunch-busting magic circle ups fees by half

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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

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David Stewart

Olswang bulks up arbitration and construction with Bakers hire

Olswang has added to its London international arbitration and construction practices with the hire of a partner from Baker & McKenzie’s Hong Kong office. Andrew Aglionby will move to London to join the firm on 1 October. At Baker & McKenzie he was a partner in the firm’s Hong Kong dispute resolution group, as well […]

Herbies’ melting pot

Way back in the less enlightened days of 2008, Herbert Smith was already doing its bit for a better society when it began providing “cultural integration” courses for associates (see story). The fact that most of those singled out for cultural adjustment (sorry, integration) were drawn from Herbies’ Indian network was surely purely coincidental? Things […]

1

US firms enjoy improved fortunes in French market

Two-thirds of the top US firms in France saw their revenues rise last year and, according to research by Juristes Associés, a total of 12 US firms made it into the country’s top 50 firms by turnover in 2009-10. Latham & Watkins remains way ahead of its rivals after posting a turnover of e90.3m (£75.31m), […]

The billing bounce

So much for the pressure on pricing. So much for a paradigm shift in the business of law. Today’s astonishing findings from costs lawyer Jim Diamond (see page 4-5) shed an entirely new, and in some quarters probably not entirely welcome, light on the past couple of years’ trading environment for the UK’s leading lawyers. […]

Debevoise beefs up London practice with Travers hire

US firm Debevoise & Plimpton has expanded its London private equity practice with the hire of Travers Smith partner David Innes. Innes departs after a decade at the City firm, where one of his key relationships was with private equity house Bridgepoint Capital, which he advised on its £955m sale of retailer Pets at Home […]

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