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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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Bar vision

Earlier this week the incoming chair of the Bar Council Michael Todd QC delivered a wide ranging inaugural speech outlining his vision for the bar in 2012. It was outspoken, with the condemnation of the proposed legal aid spending cuts. It was bold, with plans in the offing to allow chambers to hold client monies. […]

Devonshires partner defeats professional negligence claim

The High Court has rejected a professional negligence claim against City firm Devonshires clearing it of any wrongdoing to a former client. In his judgment Mr Justice Owen said the claim pursued by Celia Farnon, a former client of the firm, was unfounded. Hong Kong-based Farnon alleged that the firm failed to advise her adequately […]

A&O’s Mansell instructed by News Group in Mulcaire fees fight

Allen & Overy partner Mark Mansell is to represent News Group Newspapers in its battle over legal fees with private investigator Glenn Mulcaire. Mulcaire launched a case for breach of contract against the newspaper group, which formerly published the News of the World, after it refused to continue paying his legal fees for cases brought […]

John Quinn

Focus: The litigation top 50 – Wars of the world

How are firms measuring up to the increasingly international nature of the litigation sector? Big-ticket litigation has never been more international and has never demanded more from the lawyers involved. Indeed, one of the key drivers behind the expansion of the world’s largest firms’ office networks in recent years has been the increasing need for ­litigation resources […]

Pillsbury names finance chief as New York managing partner

US firm Pillsbury has appointed Jonathan Whitney as New York managing partner, replacing David Crichlow. Currently firmwide leader of Pillsbury’s finance group, Whitney is noted for his skill in advising international banks and corporate equity firms in complex financings across the technology, telecom and transportation industries. Commenting on the new appointment, firm chair Jim Rishwain […]

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