MDPs given go ahead in Legal Services Bill

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Latest Briefings

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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Lovells wins work on Equitable sell-off

Lovells has scooped an instruction from Equitable Life as it disposes of £4.6bn of its annuity business to Canada Life. It is a nice piece of work for Lovells, which has been steadily strengthening its relationship with the mutual for the past five years on non-contentious matters. The firm was first brought in to handle […]

US firms outshine UK rivals

Despite the troubled state of the US dollar, our friends across the pond still managed to outshine their UK competitors when the finalised financial results for the top 100 US firms were published last month. Overall, the combined gross revenue for the top 100 US firms reached $50.7bn (£28.97bn) in 2005, up 10 per cent […]

BOC unveils first-ever in-house MBA

Global industrial gases group BOC is to launch the UK’s first-ever MBA specifically for in-house lawyers. It plans to begin the course later this year and will run the MBA in conjunction with other in-house legal functions to make the project viable financially. It has held discussions with potential course providers Ashbridge Business School and […]

Lovells posts huge increase in profit

Lovells has bounced back from its woeful 2004-05 financial results after reporting a whopping 40 per cent leap in profit. According to Lovells’ preliminary financial results for 2005-06, the top of equity has jumped by 40 per cent, from £502,000 to £700,000, on the back of an extreme cost-cutting programme and changes to the lockstep. The results […]

Milbank, Davis Polk act on Indian IPO

Milbank Tweed Hadley & McCloy and Davis Polk & Wardwell advised on the Rs270bn (£3.16bn) IPO of Reliance Petroleum – India’s largest-ever IPO. Reliance has been formed to set up a petroleum refinery and polypropylene plant in the state of Gujarat and will comprise part of the world’s largest oil refinery complex. Funding for the […]

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