Miners record compensation win showcases Woolf reforms

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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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Marketing for customer care

IT IS astonishing that you believe the marketing professionals in UK law firms simply rely upon “the power of the brand” (The Lawyer, 11 January), as if they were selling washing powder, or that they have never considered the value of the existing clients. Enlightened marketing activity is about long-term relationship building, customer care, market […]

Alstrom seeks award from BA

A dispute over the contract for installation of a cargo handling system at Heathrow Airport is heading for the High Court. British Airways is being sued by Alstrom UK and Alstrom Automation for alleged breach of contract. Alstrom claim it was contracted to design, supervise and install the system at Heathrow, but that BA repudiated […]

Calm in face of real uncertainty

David Fenwick, partner and head, Linklaters Stirling Leech, partner, Clyde & Co Andrew Ballheimer, partner, Allen & Overy THEY have an awful lot of coffee in Brazil. Unfortunately, they also have an awful lot of economic and financial problems which threaten a truly global recession. Brazil’s currency, the real, is weakening further after its recent […]

Sole practitioners group split on MDPs

THE EXECUTIVE body of the Sole Practitioners’ Group (SPG) is split over multidisciplinary partnerships (MDPs) with 50 per cent in favour and 40 per cent against the Law Society’s plan to sweep aside its ban later this year. SPG chairman Montagu Martin is in favour of MDPs, saying it would be a “retrograde step” if […]

Justifying #1m to stakeholders

I REFER to your report on a US law firm seeking a partner for its London office and apparently willing to offer drawings at the #1m level (The Lawyer, 11 January). Given the office overheads that go into generating fees to provide for an income at that level, the successful applicant will have to maintain […]

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