McDermotts breaks mould with PwC accountant hire

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Latest Briefings

Longer term tenancies? Potential implications for lenders

Walker Morris’ Housing and Banking Litigation experts Karl Anders, Justin Coley and Sandip Singh explain the UK government’s consultation on introducing longer-term tenancies in the private rented sector, with a particular focus on potential impacts for lenders…

Assessing creditworthiness in consumer credit: FCA publishes final rules and guidance

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

FCA consultation on a Global Financial Innovation Network

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

Austria: The DPA’s strict view on retention periods

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

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Silicon Valley firms in fees lifeline as Hewlett-Packard and Compaq merge

Silicon Valley lawyers have scooped all the work advising on the mega-merger of Hewlett-Packard and Compaq. Rival lawyers say the deal could generate as much as $8m (£5.5m) in fees for the Valley, to be shared between local giant Wilson Sonsini Goodrich & Rosati and the Valley office of New York’s Skadden Arps Slate Meagher […]

Herbert Smith in Asia management rejig

Herbert Smith has restructured its management team, relocating executive partner Tim Parkes to Hong Kong to become the firm’s new head of the Asia region. Head of real estate Iain Rothnie will take over Parkes’ former role. The changes take effect next January.Rothnie said: “I’m delighted the partnership has confidence in me to continue the […]

Ledingham Chalmers makes hire for newco

Scottish firm Ledingham Chalmers has hired a financial adviser from rival firm Burnett & Reid to set up a new company, Ledingham Chalmers Financial Services.

CC's CMT department lands Video Networks

Clifford Chance has won Video Networks as a new client for its communications, media and technology department (CMT). The firm has just completed its first deal for the client after it approached head of the CMT group, partner Daniel Sandelson. He had worked with Video Networks’ general counsel Adam Tow before he joined Video Networks […]

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