Funding of legal services – contingency fees to be lawful in the Cayman Islands
The Private Funding of Legal Services Act, 2020 (the “Funding Act”) provides that contingency fee arrangements will, when the Funding Act and its supporting regulations are brought into force, be lawful in the Cayman Islands.
International data transfers – Brexit and Schrems II: Impact for funds
There have been several recent developments in connection with international data transfers. The most significant of these are the conclusion of the EU-UK Trade and Cooperation Agreement on 31 December 2020 and the European Court of Justice’s “Schrems II” decision. This briefing considers the implications of both for investment funds.
EU Regulator Warning on Post-Brexit Financial Services EU Access Exemptions
The European Securities and Markets Association (“ESMA”) has published a statement on reverse solicitation of clients by third country firms following Brexit and the end of the UK transition period on 31 December 2020. It has identified what it calls “questionable practices” by firms in this regard, for example, using general clauses or online pop-up “I agree” […]
UK Government Announces Changes to DAC6 Post-Brexit – Impact For Ireland
EU DAC6 – Mandatory Disclosure of Reportable Cross-Border Arrangements Directive 2018/822 (DAC6) is an EU Directive requiring EU intermediaries or taxpayers to report information on certain cross-border arrangements to their local tax authorities. Our previous client updates in relation to DAC6 can be found on our website here1 and here2. In an unexpected move on 31 December 2020, […]
Listen to: The Regulatory 15/15: January 2021
Listen to our latest regulatory webcast.
Find legal roles
Make your next move with The Lawyer Careers. Search and apply for thousands of vacancies, or receive email alerts for new roles when they go live. Whether you're looking at private practice, in-house legal or an exciting business support role, you'll find your future here.
Search vacancies
Slaughters’ property deal is not what it seems
A recent welter of City office moves and lease renegotiations limited Slaughters’ options.
Law firm mergers are dead: discuss
Strategic merger opportunities lie in the lower echelons of the UK Top 200.
Spreadsheet, spreadsheet, do a trawl – which is the hottest firm of all?
Which organisation has had most lawyers featured in the Hot 100 over the 20 years?
Come for the rugby, stay for the M&A
Revived interest in Japan from certain law firms may have something to do with the Rugby World Cup.
2021 will be Kirkland’s year – again
Kirkland & Ellis and Simpson Thacher are expected to deliver another strong set of results in coming weeks.
There are many escapees from BigLaw
Boutiques are now looking like a particularly attractive option.
Linklaters reveals best retention score in a decade
Linklaters has retained 47 of 50 trainees in its spring 2021 cohort, giving it a 94 per cent retention score. The firm follows Allen & Overy in releasing its qualification figures for March. Due to personal reasons one of the 47 is on a fixed-term contract. Nevertheless, the retention figure is the magic circle firm’s […]
Quartet set to pocket lion’s share of £37m G4S-Allied fees
Four firms, including Freshfields and Linklaters, are set to share in fees totalling over £37m if the sale of FTSE security company G4S goes ahead as planned. The fee estimates for legal advice are noted in Allied Universal’s offer document for G4S, released this month. Allied is backed by funds controlled by Warburg Pincus and […]
Allen & Overy closes Barcelona office as lease ends
Allen & Overy has decided to shut down its two-staff satellite office in Barcelona, and focus the growth of its Spain practice from Madrid. The magic circle firm launched the Barcelona office in February 2014, with the hire of Freshfields Bruckhaus Deringer corporate partner Antoni Valverde. However, the office remained a small outpost with a single-fee […]
Freshfields and TLT steer Boohoo’s acquisition of Debenhams
Freshfields Bruckhaus Deringer is advising Debenhams’ administrator FRP Advisory as Boohoo snaps up the department store’s brand. The deal does not include any of Debenhams’ remaining 118 High Street stores or its workforce, meaning that up to 12,000 jobs at the department store chain are set to go. Freshfields global restructuring and insolvency head Ken Baird […]
Cornerstone launches investigation in response to member’s tweet
Cornerstone Barristers has said it “repudiates the contents” of a tweet made by one of its members, with the set launching an internal investigation into the matter. The tweet was made by Jon Holbrook, who was called to the Bar in 1991. Cornerstone said the post, published on 17 January, was brought to its attention […]
Fried Frank lures new restructuring lateral from Reed Smith
Fried Frank Harris Shriver & Jacobson has hired its second restructuring specialist in the City, as firms look to bulk up amid a wave of deal opportunities. The London outpost of the US firm has hired partner Mandip Englund, who has spent almost two years at Reed Smith. She will work within Fried Frank’s global […]
Jobs
Top Jobs
