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Latest Briefings

2019 Global Survey on the Commercialisation of Disputes – Bermuda

Rhys Williams Q. Are lawyers able to enter into contingency/ damages sharing agreements with clients? No. These are prohibited by the Barristers’ Code of Professional Conduct 1981, Rule 96. The Bar Council has proposed allowing conditional/contingent fee structures however no steps have been taken to do so thus far. Q. Recoverability of client costs and/or success […]

Should inheritance tax be simplified?

By Aidan Grant The Office of Tax Simplification (OTS) has published a number of recommendations for how inheritance tax (IHT) could be amended and simplified. While these amendments do not go so far as to shake the foundations of the tax itself, nevertheless the proposals would require all practitioners to come to terms with the […]

Focus on IP Article

Rob Fahrenheim’s article has been published on the ‘Business Game Changer’ website, discussing the importance of protecting your Intellectual Property. Please read the full article below. Why protect your IP? Intellectual property rights are often a business’ best kept secret. Managers are typically well aware of the cost and value of their physical assets, such […]

Malcolm Gammie QC appears in the successful dismissal of an appeal by the administrators of Lehman Brothers

The Supreme Court handed down judgment in HMRC v Joint Administrators of Lehman Brothers International (Europe) (in administration) [2019] UKSC 12 on 13 March 2019.  Malcolm Gammie QC appeared for Her Majesty’s Revenue & Customs with Catherine Addy QC. The issue before the Supreme Court was whether the estimated £5billion of statutory interest that was payable under […]

Standard Life Aberdeen plc – successful outcome in arbitration

An arbitral tribunal established in respect of the dispute between the Standard Life Aberdeen (“SLA”) and Lloyds Banking Group / Scottish Widows (“LBG”) has ruled in favour of SLA. In particular, the tribunal ruled that LBG was not entitled to give notice, on 14 February 2018, to terminate the investment management agreements in respect of […]

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Rödl & Partner sees legal turnover hike

German multidisciplinary firm Rödl & Partner has reported a sharp increase in the turnover of its legal services arm. Global turnover generated from legal and tax consulting jumped by 16 per cent to E50m (£34.4m) in 2004. Meanwhile, global firmwide turnover increased by 3 per cent to E151m (£103.8m) for the same period. Co-founder and […]

Grapevine

Can Fleck reach the Gold standard at Herbies? As Herbert Smith’s new senior partner David Gold prepares to take office on 1 April, the inevitable question is: what role will practice partner Richard Fleck have under Gold’s leadership? Although Fleck stood against Gold unsuccessfully in last October’s senior partner elections, Herbert Smith claims that they […]

Wragges private client team joins Mills & Reeve

Wragge & Co’s 15-strong private client team is moving to the Birmingham office of Mills & Reeve. The team is led by partner Gary Barber and includes nine additional fee-earners and five support staff. Their arrival will double the size of Mills & Reeve’s private client team in Birmingham, led by former Martineau Johnson partner […]

Minter Ellison picks external candidate for top job

Australian giant Minter Ellison has recruited the former managing partner of PA Consulting Group Guy Templeton to the post of chief executive. Templeton will work alongside long serving chief executive Phil Clark until 1 July when he formally takes the reins. At PA Consulting, Templeton was one of ten global managing partners as well as […]

Dewey hire signals push into China

Dewey Ballantine has joined the ranks of law firms piling into China by hiring its first Beijing partner. The US firm has recruited Sharon Mann, a former senior director of the Trade Facilitation Office for the US Embassy in Beijing, as the first partner in its Beijing outpost. The office will advise clients on international […]

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