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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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Shoosmiths to split volume, commercial

Shoosmiths is looking at separating its volume business from the commercial part of the firm, with the aim of having two standalone brands. The move, which is ­subject ;to ;a ;partner ­consultation, comes as competition in the volume sector escalates, with firms looking to establish the first post-Legal Services Act brand. Shoosmiths ;chief ­executive Paul […]

Baker Botts breaks $600m with year-end results

Baker Botts has reported a 6.16 per cent increase in global revenue for the past financial year. The Texas-headquartered firm grew revenue from $577.7m in 2007 up to $613.3m in 2008. Baker Botts also grew average profit per equity partner (PEP) by 4.6 per cent from $1.3m up to $1.36m in 2008. The past year […]

Morgan Lewis grows revenue by 8.5 per cent

Morgan Lewis & Bockius has posted an 8.5 per cent rise in gross revenue, taking the Philadelphia-headquartered firm’s turnover to $1.12bn for 2008. Although revenue per lawyer dipped slightly, by 1.2 per cent to $822,000, average profit per equity grew by 1.4 per cent to $1.45m. While corporate work slowed during the year for Morgan […]

DLA Piper layoffs compound US legal market turmoil

DLA Piper has made its second round of layoffs this week, shedding 180 US employees. The international firm has culled 80 associates and 100 support stuff from its US offices. On Monday the firm laid off 30 lawyers and 110 support staff (10 Feb 2009). DLA Piper is one of an unprecedented number of firms […]

The Lawyer’s HR stars

Tomorrow night (Tuesday 10 ­February) The Lawyer is hosting its third HR Awards, designed to ­recognise best practice in people ­management and workplace initiatives. The recession has meant that good HR practice is more vital than ever. The firms shortlisted represent the cream of the crop, ranging from the magic circle to small regional firms, […]

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