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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

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Dundas hands £280k guarantees to nine partners ahead of CMS merger

Dundas & Wilson has promised nine partners guaranteed remuneration of £280,000 ahead of its proposed merger with CMS Cameron McKenna, the Lawyer understands. In a tactical move to protect the firm’s relationships with key clients, Dundas has offered senior partners secured profit shares in line with the current top of equity, which stands at £278,000, […]

Tesco’s technical director attends Walker Morris’s Food Leadership Dinner

Walker Morris has held its third Food Leadership Dinner at the Cedar Court Hotel in York, which was attended by key figures from the UK food and drink sector. More than 25 chairmen, chief executives, finance directors and other senior executives from across the food and drink industry were led in a discussion by Tim […]

Walker Morris advises gym operator Xercise4Less on expansion funding

Finance lawyers from Walker Morris have advised budget gym operator Xercise4Less on securing a £5.5m finance package from Lloyds Commercial Banking to facilitate expansion. The company, which was founded by former professional rugby player Jon Wright in 2006, plans to use the funds to launch 15 new sites across the UK this year and to […]

Cat Griffiths index

Chance of a sturdier Saudi solution

Last week Paris firm August & Debouzy quit its six-year alliance with Nabarro, a move that leaves the London firm rather stranded in France. At the launch of the European alliance in 2008 then-senior partner Simon Johnston told us, “It’s a model that’s worked for Slaughter and May and we don’t see why it won’t […]

Court of Appeal holds law firm accountable for lender’s loss

The Court of Appeal has handed down its decision in Santander UK plc v RA Legal Solicitors. The decision will be much welcomed by lenders, following a string of breach-of-trust claims by lenders in which the courts have granted the completing conveyancer’s relief under section 61 of the Trustee Act 1925. Section 61 of the Trustee […]

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