By Rob Aberdein In August 2018 Rob Aberdein explained proposed changes to the Debt Arrangement Scheme (DAS) in Scotland. The legislation enacting those changes has now been approved by Parliament and the new regime will come into force on 29 October 2019. The legislation and guidance can be viewed here.
By Gwendoline Davies, Amanda Kent From 1 January 2019, a mandatory pilot scheme will operate in the Business and Property Courts across England and Wales, ushering in a new era of disclosure management in civil litigation. Walker Morris’ Head of Commercial Dispute Resolution, Gwendoline Davies, and Senior Associate and Professional Support Lawyer, Amanda Kent, consider […]
By Rob Aberdein Common Financial Statement à Standard Financial Statement The Standard Financial Statement (SFS) – a tool for assessing income and expenditure and guidelines (also known as ‘trigger figures’) on household expenditure – was launched on 1 March 2017 and intended to be used by all those involved in debt management and advice (including creditors, […]
By Gwendoline Davies, Jane Weaver, Claire Burrows A UK-based retailer might be forgiven for thinking that illegal logging in, say, Africa or India, is a world away from its business concerns. However, two recent prosecutions by the Office for Product and Safety Standards (OPSS) highlight that the Timber and Timber Products (Placing on the Market) Regulation […]
By Rob Aberdein The Financial Conduct Authority (FCA) and financial press have highlighted the plight of so-called “mortgage prisoners”. That is to say customers trapped in expensive deals and unable to remortgage because of the tightening, in recent years, of affordability assessment criteria and/or because their “zombie banks” no longer offer new products. With the […]
Brexit uncertainty In stark contrast to last year, the views on Brexit have shifted with a level of uncertainty creeping in to what had been a clear-cut concern over the decision to leave the EU. Firms that had previously seen Brexit as a threat are now not so certain, presumably reflecting a view that maybe […]
By Giles Murphy Finding and retaining those talented individuals is becoming more difficult. Not only must law firms contend with traditional rivals, but also with new entrants, such as the Big 4 accountancy firms. At the same time, firms are looking to shore up their businesses with increasing specialisation and geographic expansion. Mergers and acquisitions […]
Did the expression “UK Legal Tech Landscape” once make you excited and now make you groan? Increasingly you are not alone. Overblown promises and a lack of clear solution-based thinking has driven confusion and disillusionment with legal technology. This is due, in part, to the fast pace of change in the legal industry and the […]
By JP Buckley The ICO continues to undertake enforcement action under the previous Data Protection Act 1998. It applies where the breach was before 25 May 2018, when the GDPR and Data Protection Act 2018 came into force. We have seen from recent enforcement action that the trends continue… data protection and security is not […]
What is a Family Office? Whilst by no means the sole definition, a very useful one is provided by the Family Office Council, a membership group for single family offices, which defines a single family office (and our focus here is on those and not multi-family offices) as a private organisation that manages the investments […]
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Property mogul Robert Tchenguiz has walked away from his lawsuit against accountancy firm Grant Thornton, three months after completely overhauling his legal line-up. Tchenguiz argued he was owed £1.6bn following the collapse of Icelandic bank Kaupthing and later alleged that Grant Thornton conspired to have the Serious Fraud Office investigate him to prevent him from […]
White & Case has snagged yet another partner for its London practice, this time from the global capital markets team at Kirkland & Ellis. Gilles Teerlinck joins the firm’s capital markets practice after almost six years at Kirkland, where he made partner in 2016. He previously spent three years at Linklaters, where he was a […]
The top 200 UK law firms of this year have been revealed with the publication of The Lawyer UK 200 2017. DLA Piper takes number one spot in the ranking, Clifford Chance number two and Allen & Overy comes in third place.
Ince & Co’s global head of insurance Joe O’Keeffe has departed for Stephenson Harwood, just two weeks after it was revealed that Ince had entered into merger talks with Gordon Dadds. Insurance partner O’Keeffe, who specialises in trade, shipping, yachts and superyachts, joined Ince in 1991 and was made partner in 2000. During his time at the firm, […]
Ashurst has undertaken a pay review that has seen it increase salaries for its junior lawyers. Newly qualified solicitors will now receive base pay of £82,000, up from £76,000. Those who qualify for a performance related bonus could see their pay packet rise as high as £94,300. One-year-qualified solicitors will take home £86,000, up from £80,000, […]
Hausfeld has added its fifth commercial litigation partner, as the boutique continues to offer a broader range of capabilities alongside its sweet spot in competition disputes. The boutique has hired partner Michael Bywell from Arnold & Porter, who specialises in litigation across the TMT sector. He joined Arnold & Porter in 2016 prior to its […]