Unbundling a market — the appetite for new legal services models

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Latest Briefings

Longer term tenancies? Potential implications for lenders

Walker Morris’ Housing and Banking Litigation experts Karl Anders, Justin Coley and Sandip Singh explain the UK government’s consultation on introducing longer-term tenancies in the private rented sector, with a particular focus on potential impacts for lenders…

Assessing creditworthiness in consumer credit: FCA publishes final rules and guidance

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

FCA consultation on a Global Financial Innovation Network

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

Austria: The DPA’s strict view on retention periods

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

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Revenue hits £1.359bn at Clifford Chance, PEP up 16 per cent to £1.14m

Revenue soared to its highest-ever level at Clifford Chance in the 2013/14 financial year to reach £1.359bn, 7 per cent boost on the £1.271bn turnover posted at the end of the previous financial year.  Average profit per equity partner is up 16 per cent from £1m in 2012/13 to £1.14m (8 July 2013). It is […]

funchal madeira

Portugal’s PLMJ signs cooperation agreement with Madeira firm

Portuguese firm PLMJ has signed a new cooperation agreement with two-partner Madeira firm Mendes Londral & Associados (ML&A) in an extension to its network. The agreement adds a fifth region to PLMJ’s network of ‘partner’ firms, which already includes firms in the Portuguese cities of Coimbra, Viseu and Guimarães as well as the Azores. It […]

Hong Kong city

Hong Kong: new influences

US and regional firms are loosening UK firms’ grip on the market, and IPOs are not the big financial prize they once were  For decades Hong Kong has operated as the centre for Asia’s financial capital in its broadest form. Capital markets work has been the main source of income for the big firms in […]

London

Trio of City boutiques team up with Buzzacott to launch professional advisory service

Boutique firms CM Murray, Hierons and Maurice Turnor Gardner have joined forces with chartered accountants Buzzacott to go to market as a one-stop-shop for professional practices. Collectively dubbed the Professional Practices Alliance, the firms aim to pool their resources in a bid to capture the lion’s share of advisory work to professional services firms. In […]

Abu Dhabi

Clyde & Co hires Eversheds’ Middle East chairman

Eversheds’ Middle East chairman Christopher Jobson has joined Clyde & Co as a partner in the firm’s Abu Dhabi office. Jobson left Eversheds on 30 June and the firm has no plans to install a new chairman in the region. He will start work at Clydes on 1 September. Jobson has been practicing litigation and […]

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