Let’s not shed tears for US firms’ PR headaches
It’s still early doors but a growing number of US firms have already started posting some astonishingly strong financial results.
From the Litigation Tracker: When it comes to weathering the coronavirus, some courts are better than others
Claims activity within the Queen’s Bench and Chancery Divisions of the High Court dropped significantly following the initial coronavirus outbreak but activity within the Patents Court, the Commercial Court and the Admiralty Division remained consistent, data from The Lawyer Litigation Tracker shows. Claims activity across UK courts as a whole plummeted between January and February, […]
Cornerstone expels barrister after Twitter race row
Cornerstone Barristers have voted to expel a member from chambers after claiming his statements on Twitter were “irreconcilable” with the set. Cornerstone’s decision to dismiss Jon Holbrook, who was called to the Bar in 1991, was confirmed on Sunday morning and was the result of a chambers meeting where members voted to expel following an […]
Retirement sparks search for senior HR hire at Clifford Chance
Clifford Chance‘s longstanding head of people and talent is set to retire after more than 20 years, with the firm scanning the market for a replacement. Partner Laura King was also a member of the executive leadership and operations group at the magic circle firm, where she has led the global HR function. She joined […]
Snapshot: to debt or not to debt? BVI structures for private equity funds and debt providers
The British Virgin Islands has long been a favourable jurisdiction to structure investment deals, either through the SPV (special purpose vehicle) asset holding company (for example real estate acquisition/holding) or further up the equity chain, due to its robust regulatory framework, creditor friendly company and insolvency legislation, ease and efficiency of company formation and being a tax neutral jurisdiction.
Snapshot: starting civil proceedings in Guernsey
Civil litigation procedure in Guernsey is governed by The Royal Court Civil Rules 2007 (“RCCR”). All commercial disputes with a value over £10,000 will be heard in The Royal Court of Guernsey, disputes with a lower value, known as Petty Debts, are dealt with in the Magistrate’s Court.
How offshore law firms have stepped up to the challenges of 2020
In this interview, excerpts of which originally appeared in Asian Legal Business, Ogier partner and head of ESG Funds in Hong Kong Kate Hodson discusses how offshore law firms have stepped up to meet this changing business landscape, the ramping up of regulations, and the growing momentum around ESG.
Cayman Islands Funds Update: Q4 2020
Despite the beginning of 2020 being marked by a large number of new regulations in the Cayman Islands, the number of changes to laws and regulations that impact or may impact funds constituted in the country was significantly lower in the last quarter of 2020 than verified previous quarters. Specifically, the regulatory bodies and competent authorities focused on receiving clarifications and refinements to the existing regimes, which continued to occur in January 2021.
PRI’s new reporting framework – are you ready?
On 12 November 2020, Principles for Responsible Investment (PRI) issued significant updates to the reporting framework (RF) for signatories. The new requirements are more focused on “real world” outcomes meaning signatories needs to show how environmental, social, and governance (ESG) factors are integrated into investment analysis and execution.
Advance healthcare directives under Cayman law
An advance health care directive is also known as a living will. It is actually not a new concept but is new to being recognised in the Cayman Islands. In 2019 the Health Care Decisions Act was implemented in the Cayman Islands.
Let’s not shed tears for US firms’ PR headaches
It’s still early doors but a growing number of US firms have already started posting some astonishingly strong financial results.
From the Litigation Tracker: When it comes to weathering the coronavirus, some courts are better than others
Claims activity within the Queen’s Bench and Chancery Divisions of the High Court dropped significantly following the initial coronavirus outbreak but activity within the Patents Court, the Commercial Court and the Admiralty Division remained consistent, data from The Lawyer Litigation Tracker shows. Claims activity across UK courts as a whole plummeted between January and February, […]
Cornerstone expels barrister after Twitter race row
Cornerstone Barristers have voted to expel a member from chambers after claiming his statements on Twitter were “irreconcilable” with the set. Cornerstone’s decision to dismiss Jon Holbrook, who was called to the Bar in 1991, was confirmed on Sunday morning and was the result of a chambers meeting where members voted to expel following an […]
Retirement sparks search for senior HR hire at Clifford Chance
Clifford Chance‘s longstanding head of people and talent is set to retire after more than 20 years, with the firm scanning the market for a replacement. Partner Laura King was also a member of the executive leadership and operations group at the magic circle firm, where she has led the global HR function. She joined […]
Orrick phases in Covid-19 hardship fund
Orrick Herrington & Sutcliffe has put together a hardship fund for its global staff to tap into during the pandemic. The initiative is aimed at staff earning less than $150,000 (and local equivalents) and allows them to apply for salary advances of varying amounts if they are struggling financially. The advances come in tranches of […]
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Deliveroo heralds a bumper crop for ECM lawyers
There have been eight completed main market IPOs in 2021 so far.
Working to live, not living to work: it’s an easy sell
The demographics of the legal market are in flux with Covid 19 creating the conditions for a generational shift in working patterns.
A&O’s accidental LA office
With the arrival of the Akin Gump team, A&O’s US bench has doubled at a stroke.
Hausfeld loves a bit of competition
Calls for reform of the CMA will be music to the ears of claimant litigators.
Latham is taking both more and less space in London
If Latham’s growth rate continues unabated, its future home could end up offering proportionately less space per staff member.
£30m isn’t enough to get you into the Premier League
DMH Stallard has reached critical mass size – but it now has more work to do to secure its future.
Goodwin’s City revenue nears $100m after lateral hiring spree
Goodwin Procter’s London revenue soared by 34 per cent in the last financial year, as its headcount too increased by nearly a third. The US firm’s London outpost saw turnover rise from $74m to $99m. Meanwhile, global revenue at the US firm increased by 11.7 per cent to $1.49bn, while profits per equity partner rose […]
Magic circle trio paid just £10m in UK corporation tax in 2019/20
Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters paid just under £10m in corporation tax to the UK Treasury, their most recent LLP accounts reveal, as rate increases formed a key part of this week’s Budget proposals to repair the economy. The figures shine a light on how UK firms are likely to be impacted by […]
Newcastle United fails to dismiss Blackstone QC from arbitration panel
Newcastle United (NUFC) has been unsuccessful in its bid to have Blackstone’s Michael Beloff QC dismissed as an arbitrator in the club’s dispute with the Premier League. NUFC, which is owned by Mike Ashley, is currently engaged in arbitration proceedings with the Premier League over the failed takeover of the club. The club brought the […]
Kirkland and Slaughters lead on Aggreko’s £2.3bn sale
Kirkland & Ellis has taken the lead role for the private equity bidders on the £2.3bn buyout of equipment supplier Aggreko. TDR Capital turned to Kirkland yet again after last year seeking the firm’s counsel on its £6.8bn purchase of ASDA. Partners David Holdsworth and Mark Thompson led for TDR and I Squared Capital, with […]
Clifford Chance brings in consultancy to vet promotion process
Clifford Chance has concluded an independent review of its partner promotion process, to ensure criteria around diversity and inclusion are being fulfilled. The firm commissioned Chicago-based consultancy Nextions, which specialises in inclusion across leadership roles, to review its path to promotion. The effort started last autumn and wrapped in time for the beginning of the […]
CMS plants 8,000 trees after tracking staff’s carbon footprints
CMS has planted thousands of trees around the world, following its pledge to plant one for every new user of its in-house sustainability app. Last year, The Lawyer reported that the firm had created a mobile app to help lawyers reduce their carbon footprint. It came with the commitment of planting a tree for every […]
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