Law Society lobbies Accounting Standards Board over FRS5

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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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Herbert Smith dumps client on price-fixing case

Herbert Smith has pulled out of acting on one of the world’s largest price-fixing cases against a host of pharmaceutical companies because of uncertainty over fees. The firm’s client, Regent-GM Laboratories, is insolvent and this is understood to have led to concerns at Herbert Smith over whether it would be paid in full for its […]

Parmalat firms forgo fees after spurning bank claims

Gianni Origoni and Weil Gotshal stick by deal with Bondi not to pursue action against ‘potential clients’ Gianni Origoni Grippo & Partners and Weil Gotshal & Manges will miss out on millions of pounds in fees after refusing to litigate against investment banks in lawsuits connected to bankrupt Italian dairy group Parmalat. The decision by […]

Tyco’s Europe advisers next to face the axe in panel weed-out

After emerging from crippling debts and a very public accounting scandal, Tyco has launched a searing review of its global legal advisers, with European law firms next in line to face the spotlight. So far, the manufacturing conglomerate has taken an axe to its US legal advisers. From a line-up of 25 law firms Tyco […]

Careers: people

Canterbury firm Furley Page has bolstered its family law division with the hire of solicitor Anne Blenkinsop from Maidstone’s ASB Law. Blenkinsop has 14 years’ experience in family law and is a member of the Law Society’s Family Law Panel. Mace & Jones has appointed a trio of new solicitors to its property teams in […]

Burness posts 17 per cent turnover hike

Scotland’s Burness has announced a 17 per cent rise in turnover, taking gross revenues to £14.9m compared with £12.7m the previous year. Turnover is now almost 50 per cent higher than in 1999-2000. Property and employment netted many new mandates as well as more work from existing clients. Burness also increased its employees last year, […]

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