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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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US firms smash pay scale for UK private equity talent

Top stars offered up to forty per cent on top of UK earnings as US firms enter into City bidding war Private equity lawyers are commanding the largest sums in UK legal history as US firms up the ante by poaching star partners in the face of escalating investment activity. According to The Lawyer’s research, private […]

TLT Solicitors lures Osborne Clarke duo

Bristol’s TLT Solicitors is ramping up its leisure practice with the appointment of two new partners to the group. Former Osborne Clarke senior assistants Matthew Phipps and Julian Mant have joined the firm as partners, specialising in work for leisure clients. Phipps will head the dedicated five-lawyer licensing practice, while Mant will specialise in real […]

Byrne and Partners

Byrne and Partners, an independent six-partner boutique specialising in commercial litigation, was founded on high aspirations. “We aren’t yet a name in the marketplace that everyone thinks of first, but that’s what we’re aiming for,” says partner Matthew Frankland. “We want to be the pre-eminent business crime firm, offering real solutions to real problems and […]

Balfour & Manson hooks up with GW Tait

Edinburgh firm Balfour & Manson has bolstered its private client practice by merging with GW Tait & Sons. The move will see two GW Tait partners, George Tait and Allen Kerr, join the partnership, along with three associates and the majority of the firm’s staff. The 18-partner firm has expanded significantly this year with the […]

Big, swinging clicks

One would think that being a partner at Slaughter and May would be reward enough, what with all that kudos. But that isn’t enough for some folks over at One Bunhill Row. Apparently, the way to tell if you’ve really made it is if you get to be the partner in control of… wait for […]

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