Latham’s Dell speaks out on redundancies

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Latest Briefings

Navigating a new reality in the client-empowered era

To thrive in the new era of the empowered client, law firms must make investments designed to modernise the way they run their firms and service their clients. This requires changing culture, developing new competencies, and operationalising new ways of working. Innovative technologies are key enablers to accelerating rms’ transformations in these areas. New research […]

Procurement and state aid update: preparing for Brexit

By David Kilduff, Richard Auton or Richard Butterworth On 13 September 2018, the UK government published further guidance on the future of public procurement in the UK in the event of a “no deal” Brexit. What next for UK public procurement? Under current rules, all procurement opportunities that fall within the scope of the EU procurement […]

Third-party redevelopment – Landlord may oppose tenant’s lease renewal

By Matthew Lonergan, Lucy Shepherd A recent case has confirmed that a landlord was entitled to oppose its tenant’s lease renewal under the Landlord and Tenant Act 1954 where redevelopment of the site was to be undertaken by a third party. Background The case of Santander UK PLC v LPS Estates Ltd concerned the security of […]

Data protection: sunset of £500k, dawn of GDPR enforcement and horizon of Brexit

By JP Buckley In just a short space of time, the ever-evolving world of data protection and cyber has seen yet more change: 1. Potentially one of the last enforcement actions under the Data Protection Act 1998 against Equifax – and a maximum £500,000 fine for them for failing to secure UK citizens’ personal data against […]

Officer of judgment debtor can be committed for failure to provide information – CoA

Deutsche Bank AG v Mr Alexander Vik [2018] EWCA Civ 2011 This judgment is the latest instalment in the long-running litigation between Deutsche Bank (“DB”) and the Monaco-based billionaire, Alexander Vik. In 2008, Mr Vik’s personal investment vehicle, Sebastian Holdings, Inc. (“SHI”), incurred huge debts to DB after it made a series of heavily loss […]

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Debevoise reports modest revenue rise

US firm Debevoise & Plimpton saw revenues rise by 7 per cent revenue during the 2008 calendar year, up from $709.5m at the end of 2007 to $760.8m. Average profits per equity partner (PEP) dipped slightly, from $2.28m to $2.22. This is a marked difference to last year, when Debevoise reported a standout performance. At […]

Redemptions on song?

Recent Cayman, Bermudian and BVI court decisions have given practitioners a heads-up on fund redemption legislation. With the hedge fund industry severely impacted by recent events, many offshore funds have been left facing serious liquidity issues and substantial redemption requests they cannot meet. In order to trade out of difficulty or preserve assets for the […]

Trowers axes four real estate positions

Trowers & Hamlins has launched a redundancy ­consultation with fee-­earners in its UK-based real estate team. The firm is looking to lay off four fee-earners who focus on the plot sales ­market, with three in ­Manchester and one in Exeter set to lose their jobs. Those working on plot sales in the firm’s larger ­London […]

Gide defies gloomy forecast with double launch in Dubai, Abu Dhabi

Leading French firm Gide Loyrette Nouel will launch two new offices in the United Arab Emirates (UAE) this week, opening simultaneously in Abu Dhabi and Dubai. The firm will open with 10 lawyers split equally between the two new offices, with Casablanca and Paris partners Sami Fakhoury?and?Yassir ­Ghorbal leading the Dubai and Abu Dhabi offices […]

UK watchdogs: united they stand, divided they fail

The Allen Stanford case highlights the powerful impact that government can have when agencies join forces to catch ­criminals. Although it is a challenge to find anything positive in the face of such far-reaching fraud affecting so many innocent victims, the united front shown by the US Department of Justice (DoJ), of which the FBI […]

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