Landmark Chambers – UK 100

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Latest Briefings

Policies for streamlining operations of PSCs

On 18 July 2018, the Cabinet Committee on Economic Affairs approved policy framework for streamlining operations of production sharing contracts (PSCs) for increased domestic production of hydrocarbon resources (Policy). By way of background, the Government of India had awarded 28 exploration blocks (13 offshore and 15 onshore) to private companies between 1980. This was prior […]

Amendments to IBBI Regulations, 2016 – CIRP Regulations

By Ashwin Bishnoi, Shruti Singh, Charu Chitwan The Insolvency and Bankruptcy Board of India (IBBI) notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018 (Amendment Regulations) on 4 July 2018 to amend the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) for the third time this year. Primarily, the […]

Why Offshore for Fintech?

Fintech is changing the way banking and financial services businesses are operating at an incredible pace. There are many challenges and opportunities that face financial institutions, business, investors and start-ups. As with much new technology, the speed of change frequently outstrips the legal and regulatory landscape and fresh approaches are often required to adapt. With […]

Cayman Islands investment funds – Changes to the AML Regime

A number of significant changes to the anti-money laundering regime applicable to Cayman Islands investment funds were introduced towards the end of 2017. The key changes are: • Unregulated investment funds will be subject to the Anti- Money Laundering Regulations, 2017 (as amended, the “AML Regulations”) from 31 May 2018 • The Cayman Islands Monetary […]

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Morgan Cole – UK 100

Turnover: £27m Profit per equity partner: £50,000 Equity spread: £40,000-£125,000 Net profit: £4.3m Profit margin: 16 per cent Salaried partner remuneration: None Revenue per lawyer: £108,000 Revenue per partner: £500,000 Revenue per equity partner: £500,000 Cost per lawyer: £91,000 Profit per lawyer: £17,000 No of partners: 54 No of equity partners: 54 No of female […]

Freethcartwright – UK 100

Turnover: £21.6m Profit per equity partner: £146,000 Equity spread: £100,000-£190,000 Net profit: £4.4m Profit margin: 20 per cent Salaried partner remuneration: £50,000-£105,000 Revenue per lawyer: £158,000 Revenue per partner: £386,000 Revenue per equity partner: £720,000 Cost per lawyer: £126,000 Profit per lawyer: £32,000 No of partners: 56 No of equity partners: 30 No of female […]

Trowers & Hamlins – UK 100

Turnover: £38.7m Profit per equity partner: £255,000 Equity spread: £130,000-£300,000 Net profit: £8.6m Profit margin: 22 per cent Salaried partner remuneration: £50,000 Revenue per lawyer: £317,000 Revenue per partner: £578,000 Revenue per equity partner: £1,138,000 Cost per lawyer: £247,000 Profit per lawyer: £70,000 No of partners: 67 No of equity partners: 34 No of female […]

Law Society under fire over plans for training revolution

The Law Society was last week accused of ambushing the legal profession with radical proposals to overhaul legal education. The Training Framework Review (TFR) – established four years ago to bring flexibility to the qualification process – wants to abolish the requirement for a law degree or vocational training, such as the LPC, to qualify […]

Dewey Ballantine – UK 100

UK/global turnover: £19.1m/£228m UK/global PEP: £558,000/£701,000 UK/global revenue per lawyer: £466,000/£409,000 UK revenue per partner/equity partner: £1.6m/£1.6m Global revenue per equity partner: £2m UK/global number of partners: 12/113 UK/global number of lawyers: 41/558 UK number of staff: 35 UK/global leverage ratio: 1:2.4/1:3.9 UK equity partner to staff ratio: 1:2.9 Equity structure: Modified lockstep for first […]

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