KSB Law – Rising 50 – 2005

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Latest Briefings

New Act on the Control of Investments Detrimental to the Interests of Hungarian National Security

The Hungarian Government recently adopted Act no. LVII of 2018 on the Control of Investments Detrimental to the Interests of Hungarian National Security (the “Act”). Previously we wrote about a similar legislative proposal which aimed at establishing a similar control mechanism. However, the Act has a more sophisticated approach on the control and approval procedure […]

Health and safety at work in Romania: What companies need to know

Failure to take or observe the mandatory measures for health and safety at work may entail, among other types of liability (e.g. civil, administrative), potential criminal liability for employers. The Romanian Criminal Code (the “RCC”) provides for two offences which sanction such failure: i) failure to take the mandatory measures for health and safety at […]

Switzerland: Insolvency law, policy and procedure

By Daniel Hayek and Laura Oegerli Statutory framework and substantive law Swiss restructuring and insolvency proceedings are mainly governed by the Swiss Debt Enforcement and Bankruptcy Law (DEBA), which entered into force in 1892. A number of other laws and ordinances further regulate special aspects of restructuring and insolvency proceedings, such as specific provisions according to […]

Czech Republic: Office for the Protection of Competition gets tougher

In April 2018 the Office for the Protection of Competition adopted new guidelines on the method of setting fines for competition law infringements,(1) noting that the need for a revision of the previous guidelines had emerged in the wake of developing case law, as well as amendments to the Act on the Protection of Competition. The […]

FOS expansion to SMEs – near-final rules published

By Paul Gair The Financial Conduct Authority yesterday released its policy statement on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper detailing proposals for increasing […]

Recommended

Salans – UK 100

Turnover: £87.2m Profit per equity partner: £339,000 Equity spread: £190,000-£570,000 Net profit: £30m Profit margin: 34 per cent Salaried partner remuneration: £100,000-£160,000 Revenue per lawyer: £210,000 Revenue per partner: £687,000 Revenue per equity partner: £1,557,000 Cost per lawyer: £138,000 Profit per lawyer: £72,000 No of partners: 127 No of equity partners: 56 No of female […]

Cripps Harries Hall – UK 100

Turnover: £19.3m Profit per equity partner: £158,000 Equity spread: £128,000-£166,000 Net profit: £3.8m Profit margin: 20 per cent Salaried partner remuneration: £69,000 (average) Revenue per lawyer: £153,000 Revenue per partner: £508,000 Revenue per equity partner: £804,000 Cost per lawyer: £123,000 Profit per lawyer: £30,000 No of partners: 38 No of equity partners: 24 No of […]

Ready, willing and able?

Watch out, watch out, there’s a dodgy will-writer about. Last week, the Advertising Standards Authority (ASA) upheld a complaint made by the Institute of Professional Willwriters (IPW) about National Legal Services’ advert for will-writing services. In a suitably outraged tone, the ASA’s press blurb said that consumers were “frequently shocked to find that individuals and […]

Arrested development

Be careful when you’re slagging off lawyers, they might bite back. Even telling a joke can, it appears, get you into trouble. Last week two founders of a group called Americans for Legal Reform were arrested for telling lawyer jokes. And not even very good ones. The two, Harvey Kash and Carl Lanzisera, were waiting […]

Legal speak

Decoding what lawyers say gives us endless hours of amusement. Sometimes it’s pretty obvious. A partner leaves, and you can bet that the managing partner will comment: “We wish him well.” Occasionally, they might add: “But our practice is thriving and will continue to be successful” – a comment that always speaks volumes about what’s lurking […]

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