By Zarina Lawley The Solicitors Regulation Authority (SRA) recently published a useful Q&A article on their website which we recommend all law firms take the time to read. It summarises some of the most common queries the SRA has received from solicitors about their rules and the potential impact of Coronavirus. The article discusses professional […]
The 5th Money Laundering Directive1 (5MLD) came into force on the 10th January 2020. 5MLD is set to build on the regulatory requirements under the 4th Money Laundering Directive2 (4MLD). The purpose of 5MLD is to strengthen the UK’s financial system in order to prevent criminals laundering money and funding terrorism.
Law firms of all sizes should consider mental health as part of their risk mitigation. Not only is it the right thing to do to support your employees, it also helps to reduce risk, errors and potential claims.
Understanding the vast scale of cyber threats can be confusing and also time consuming. That’s where this simple guide can help you protect your law firm.
Every practising solicitor must have professional indemnity insurance (PI), which protects against negligence claims made by clients. Like your law firm, solicitor’s professional indemnity insurance policies are unique and it’s crucial that you select the right one to ensure your business is appropriately covered. Unsure where to begin? That’s where this guide to solicitors PI […]
In a recent decision (4A_613/2019, 11 May 2020), the Swiss Federal Supreme Court (Supreme Court) followed the practice of the Board of Appeal of the European Patent Office (EPO) as it held that the singling out of single features from two separate lists of features and therefore the combination of these two specific features constitutes an extension of the subject-matter of the patent application leading to its nullity.
In March 2020, the CMA established a dedicated COVID-19 taskforce to identify, monitor and respond to competition and consumer concerns arising from the COVID-19 pandemic and the task force has already been contacted more than 80,000 times.
In a recently delivered decision, Dodika Limited & Others v. United Luck Group Holdings Limited  EWHC 2101 (Comm), Mr Peter MacDonald Eggers QC (sitting as a Deputy Judge of the Commercial Court) has ruled that a notice of claim under a tax covenant contained in a share sale and purchase agreement (SPA) failed to comply with the requirements of the claim notification provisions in the SPA. As a result, a sum of USD 50 million held in escrow was liable to be released to the SPA sellers.
We have joined forces with COBA to look at the factors likely to impact the performance of the out of home (OOH) food market as we look to a ‘new normal’
Worried about the rise in cyber crime? Peter Yapp explains to Counter Terror Business Magazine how to “expect the unexpected” and get proactive when it comes to cyber security.
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McDermott Will & Emery has reported itself to the Solicitors Regulation Authority (SRA), as well as two of its disputes partners, after a High Court judge highlighted there were “serious issues” related to their professional conduct during a recent case. The move follows a High Court judgment handed down today which said there had been […]
Addleshaw Goddard’s average profit per equity partner fell 4 per cent over 2019/20, with the firm directing a small proportion of its profits into an investment reserve to stem the blow of Covid-19. The firm announced today that global revenue rose 4 per cent from £275m to £288m despite saying that Covid-19 has had “an […]
Clyde & Co has decreased its salary for newly-qualified (NQ) solicitors to £68,000, as well as lowering pay for trainees. The new NQ package is a £2,000 drop on the £70,000 the firm previously paid. Trainees will also receive less: first-year pay is down from £40,000 to £38,000 and second-year pay is down from £42,000 […]
Herbert Smith Freehills has restated its ambitions to grow its private equity team in the City, by hiring a partner from Kirkland & Ellis’ City team. David D’Souza joins Herbert Smith as its second corporate hire in just over a month. He has been a partner at Kirkland & Ellis since July 2018, having spent […]
Quinn Emanuel Urquhart & Sullivan has hired Justin Michaelson as a partner from Fried Frank Harris Shriver & Jacobson. Michaelson leaves Fried Frank after almost eight years, having joined from SJ Berwin in 2012. His practice involves the representation of high net worth individuals and companies in high-stakes cross-border disputes involving commercial litigation, international arbitration […]
Four lawyers have teamed up to form a charity to tackle racial injustice in the UK, with Clifford Chance providing financial support to the initiative. The magic circle firm is providing advice to One Case At A Time (OCAAT), set up by 5 St Andrews Hill’s Alexandra Wilson, Freeths trainee solicitor Isaac Eloi, Akin Gump Strauss […]