Mayer Brown London revenues up 8 per cent

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By Andy Neill What is ethical AI? In 2017, the Select Committee on Artificial Intelligence was appointed by the House of Lords. Their role is to consider the economic, ethical and social implications of advances in artificial intelligence. As part of their 2017-2019 session report, they suggested the following AI code: 1. Artificial intelligence should […]

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By Michael Hall Data loss, malware, and hackers; you hear about them all the time, but that has nothing to do with you, right? Sadly, that’s not the case. For legal firms, corporate legal departments and financial institutions who handle massive amounts of confidential data, the threat of breach due to human error is ever-present. Each […]

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By Dinesh Agrawal, Ankit A. Shah, Pranay Sahay The Authority of Advance Ruling (AAR) in the state of Karnataka, in its order in Columbia Asia Hospitals Private Limited (the Applicant) dated 27 July 2018, made critical observations concerning the taxability of employee cost at a corporate office under Goods and Services Tax (GST). Background The […]

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White & Case wins PwC role on Baugur administration

White & Case has won a role alongside SJ Berwin on the collapse of Baugur, which was placed into administration following today’s High Court ruling. Baugur had attempted to see off administration by applying for bankruptcy protection in Iceland, but conceded defeat this morning. SJ Berwin had been acting for Baugur’s main lender, Icelandic bank […]

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CC, Links redundancy payouts: which is the biggest spender?

Time is money. Or at least, it is for the staff at Linklaters. Time is money. Or at least, it is for the staff at Linklaters. The firm will slash up to 270 jobs in London as part of a strategic programme dubbed ‘Project New World’. The redundancy payments these people receive will be based […]

Freshfields Middle East star flies back to UK

Freshfields Bruckhaus Deringer Middle East corporate chief Bruce Embley is returning to London in May, with regional co-head of corporate David Higgins taking charge of the group. Embley has been based in Dubai for three years. He will become the coordinating ­partner for the Middle East in London. ­Freshfields has been expanding its Gulf practice […]

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Latham PEP falls more than a fifth

Latham & Watkins has posted a 21 per cent drop in average profit per equity partner (PEP) for the 2008 financial year. The top line fall means average PEP at Latham last year stood at $1.8m compared with $2.27m in 2007. Total revenue at Latham also fell in 2008, with a 4 per cent drop […]

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Latham & Watkins: confession

Latham & Watkins: confession” />The Lawyer is always happy to admit when it’s wrong. Last Friday we said Latham & Watkins’ revenues had fallen 20 per cent. Today the US firm revealed that, in fact, 2008 revenues fell just 4 per cent. It seems we were also wrong about average profits. We said they were […]

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