Kirkland hires Weil banking star Stephen Lucas

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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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Sydney

Herbies u-turns on Australia pay freeze ahead of remenuration overhaul

Herbert Smith Freehills (HSF) is to lift its pay freezes in Australia after cancelling an annual salary review in 2013. Permanent staff in Australia will be told about their salary increases in July, with employees expected to be reviewed based on performance.  The initial pay freeze was isolated to staff in Australia, with the firm […]

Conyers provides Cayman law advice to Lombard Medical on $55m IPO

Conyers Dill & Pearman has provided Cayman law advice to Lombard Medical in relation to its $55m (£33m) US initial public offering (IPO) and the listing of the company’s ordinary shares on the NASDAQ Global Market. Conyers also advised on the Cayman aspects of the group’s change of domicile from the UK to the Cayman […]

London

US firm Katten Muchin creates London asset management group with double hire

Chicago-based law firm Katten Muchin Rosenman has created a dedicated City-based asset management group with the hire of two new partners. The firm has also promoted former Sidley Austin funds partner Barry Breen to head of London financial services. Breen, who joined Katten’s London base from Sidley Austin last year, has hired former Sidley colleague […]

insurance consolidation

The great insurance landgrab

The consumer insurance market has seen a fierce tussle for territory. Have the mega-firms won or has the war just begun? Insurers sparked an epic land grab a few years ago when they began reducing their panels and putting the squeeze on fees. Meanwhile, added pressure was piling up on firms from regulatory change and the […]

Capita cashes in as Treasury Solicitor spends £2.3m on temp lawyers

Ker-ching! That’s the sound inside Capita’s finance department, as the outsourcing giant bills £2.3m to the Treasury Solicitor’s department (TSol) for the first quarter of 2014.  That entire £2.3m has gone on temporary legal staff, with a spokesperson insisting that the merging of government legal departments triggered a demand for temporary staff while TSol recruited […]

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