FTSE 100: adviser management trumps tech in reducing legal spend
FTSE 100 companies have had most success in reducing spend by improving their management of outside counsel rather than using technology, new research by The Lawyer has revealed.
Integration between cloud platform and case management system
Tikit, provider of technology solutions for law and professional services firms, recently announced the integration of NetDocuments cloud platform into Tikit Partner for Windows (P4W), its flagship practice and case management application. The cloud-based platform allows users to work securely anytime, anywhere and on any device. Its integration with P4W Case Manager means NetDocuments can either be […]
Sullivan tops M&A rankings for 2017 as deal flow steadies
Sullivan & Cromwell has retained its crown as the most dominant M&A adviser for 2017, while Freshfields Bruckhaus Deringer was the only magic circle firm to gain a place in the global top 10.
Vinson boosts partner numbers with three made up in London
Vinson & Elkins has announced one of its largest ever promotion rounds in London, with three lawyers being made up.
India – relief for outsourcing sector
India: The age of telephony has arrived
On 19 June 2018, the Department of Telecommunications, Government of India (DoT) finally provided its nod to several key recommendations (Recommendations) made by the Telecom Regulatory Authority of India (TRAI) on the Regulatory Framework for Internet Telephony in October 2017. DoT has released a clarification (Clarification) and certain amendments to existing licenses (Amendment), both of […]
India: Second ordinance to amend the Insolvency and Bankruptcy Code
The President of India promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance 2018 on 6 June 2018 (Ordinance) to amend the Insolvency and Bankruptcy Code 2016 (IBC). In the short history of around one and half years since the provisions relating to corporate insolvency resolution process under IBC came into force in December 2016, the […]
India: Amendments to securities board delisting regulations
Between 31 May to 1 June, the Securities and Exchange Board of India (SEBI) amended a number of securities regulations to provide certain dispensations for listed companies undergoing the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code 2016 (IBC). These amendments follow SEBI’s discussion paper of March 2018, which set out specific […]
India: Hotel is operator’s taxable presence
The Authority for Advance Rulings (AAR) recently ruled that the hotel property in India operated and managed by the applicant, FRS Hotel Group (Lux) S.a.r.l. (now FRHI Hotels & Resorts S.A.R.L) (Taxpayer) is its ‘fixed place’ permanent establishment (PE) in India. Accordingly, income of the taxpayer attributable to such PE in India is taxable as […]
India: Supreme Court clarifies NCLAT’s powers in appeal
On 18 May 2018, in M/s B Himmatlal Agrawal (Appellant) v Competition Commission of India (CCI) and Anr. [Civil Appeal No. 5029 of 2018], the Supreme Court of India (Supreme Court) distinguished the decision of the National Company Law Appellate Tribunal (NCLAT) while disposing of a statutory appeal under the Competition Act, 2002 (Competition Act). […]
FTSE 100: adviser management trumps tech in reducing legal spend
FTSE 100 companies have had most success in reducing spend by improving their management of outside counsel rather than using technology, new research by The Lawyer has revealed.
Integration between cloud platform and case management system
Tikit, provider of technology solutions for law and professional services firms, recently announced the integration of NetDocuments cloud platform into Tikit Partner for Windows (P4W), its flagship practice and case management application. The cloud-based platform allows users to work securely anytime, anywhere and on any device. Its integration with P4W Case Manager means NetDocuments can either be […]
Sullivan tops M&A rankings for 2017 as deal flow steadies
Sullivan & Cromwell has retained its crown as the most dominant M&A adviser for 2017, while Freshfields Bruckhaus Deringer was the only magic circle firm to gain a place in the global top 10.
Vinson boosts partner numbers with three made up in London
Vinson & Elkins has announced one of its largest ever promotion rounds in London, with three lawyers being made up.
Slaughters’ bet on William Hill is a big win for Ashurst
GVC Holdings’ approach for Ladbrokes Coral last week proved once again that the gaming sector shows no sign of slowing down.
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Fourteen firms win top roles on Pearson’s revamped roster
Freshfields Bruckhaus Deringer, Herbert Smith Freehills and Goodwin Procter have all won panel spots on Pearson’s legal roster.
Mayer Brown bulks up in white-collar with double hire from Norton Rose Fulbright
Mayer Brown has hired two partners from Norton Rose Fulbright’s London office as the firm looks to strengthen its global white-collar and investigations practice. Norton Rose Fulbright head of business ethics and anti-corruption Sam Eastwood will join the firm on 20 August, while dispute resolution and investigations partner Jason Hungerford joins Mayer Brown with immediate […]
Burges Salmon PEP drops for second consecutive year
Burges Salmon’s average profit per equity partner (PEP) has dropped for the second year in a row, while revenue nudged up 3 per cent to hit £90m. The Bristol-headquartered reported a dip in PEP of nearly 2 per cent from £435,000 to £430,000. Since recording a PEP high of £523,000 in 2015/16, Burges Salmon has […]
Raft of litigation heavyweights line up for $2.6bn oligarch case
City litigation heavyweights are preparing for the latest case between Ukrainian lender PrivatBank and its former owners, the Ukrainian oligarchs Gennadiy Bogolyubov and Igor Kolomoisky, which could be worth up to $2.6bn (£2bn). Partners from Hogan Lovells, Skadden Arps Slate Meagher & Flom, Fieldfisher and Pinsent Masons will face off in the High Court as PrivatBank alleges […]
29 lawyers over two months: Dechert nets largest group hire from Quinn Emanuel
Dechert has completed the mass hire of 29 lawyers from Quinn Emanuel Urquhart & Sullivan’s product liability team in the US. The group has been joining since the end of May, after the arrival of Quinn’s product liability co-chairs Sheila Birnbaum and Mark Cheffo. The pair made the move with fellow partner Douglas Fleming, another […]
Freshfields and HSF to pocket £45m in fees for Comcast’s Sky bid
Freshfields Bruckhaus Deringer, Davis Polk & Wardwell and Herbert Smith Freehills (HSF) are set to pick up nearly £45m in fees for their work in the high-profile bidding war for Sky between Comcast and 21st Century Fox. The figures are printed in a formal offer document published by Comcast, which yesterday revealed it would be scrapping its […]