Manches secures £50m payout for Madonna’s ex

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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 […]

Future of public procurement in UK in the event of ‘no-deal’ 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 […]

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 under CPR 71 – Court of Appeal

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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Camerons puts a halt to non-UK partners

CMS Cameron McKenna has removed non-UK partners from the partnership as part of a radical change to the firm’s equity structure. The ;move ;has ;seen ­overseas partners become salaried ;‘international ­managers’ in a bid to shrink the firm’s tax bill. A firm spokesman said the people affected would remain as partners “in all but name”, […]

CC, O’Melveny advise on £1.8bn fund raising

Clifford Chance and O’Melveny & Myers have jointly advised emerging markets private equity house Actis on a rare fundraising in persistently challenging markets. Actis, which focuses exclusively on emerging market investments, has raised a total of $2.9bn (£1.88bn) for Actis Emerging Markets 3. At Clifford Chance, partners Jason Glover and Ed Gander and associate Peter […]

BLP signs alliance with leading Russian lawyers

Berwin Leighton Paisner (BLP) is set to create an alliance with part of Moscow-based Pepeliaev Goltsblat & Partners (PGP). PGP is set to split due to the firm’s name partners taking different views on the tie-up with BLP, according to Russian media. A BLP spokesman confirmed that the firm is in the advanced stages of […]

Orrick targets double Middle East launches

Orrick Herrington & ­Sutcliffe is eyeing a Middle East launch with plans for a dual assault on Abu Dhabi and Dubai. The US firm’s chairman Ralph Baxter, who visited both jurisdictions last month, said: “We’ve been studying the Middle East for some time now. Our strategy has always been to open offices in places our […]

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MoFo promotes 10 to partnership

Morrison & Foerster has added 10 to its partnership in its latest round of promotions. The US firm more than halved the number made up year-on-year, having promoted 27 in 2007. Of the promotions, the London office has received one this time round. The firm’s US offices received the highest number of new partners with […]

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