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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 […]

Recommended

Hidden agenda

Courts have traditionally been reluctant to regard a trust as a hiding place for a settlor’s assets, but recent cases in Jersey may have changed all that, say Andrew McKenzie and William Richmond-Coggan It is a truth, universally acknowledged, that a creditor seeking to enforce a substantial judgment will sooner or later turn their attention […]

Vinson’s Enron saga continues

Vinson & Elkins’ nightmare involvement in the Enron saga is showing no sign of coming to an end. Just when the Texas-based giant had begun to hope the worst was behind it, lawyers for Enron’s shareholders filed papers last week (13 June) alleging that the firm “acted with knowledge or at least with reckless disregard” […]

Shoosmiths increases PEP for fifth year running

Shoosmiths posted profit per equity partner (PEP) just short of £400,000 last financial year, marking the firm’s fifth consecutive year of profit increase. The 2005-06 financial year saw PEP hit £396,000, up 16 per cent on £342,000 for the 2004-05 financial year. It is the fifth year that the Northampton-based firm has increased profits, after […]

Camerons plays in defence for Dowie

Although not best known for its contacts in the sports world, CMS Cameron McKenna has scooped a role advising Iain Dowie and his new club, Charlton Athletic FC, on their dispute with Crystal Palace FC. Employment partner Simon Jeffreys is leading the defence of Crystal Palace chairman Simon Jordan’s claims that Dowie tricked him out […]

Cobbetts to lose 20 partners in review

Cobbetts plans to jettison up to 20 partners once a consultation on the firm’s future has been concluded. The 20 will be a mixture of full-equity, fixed-share and salaried partners. The changes are an attempt by Cobbetts to ramp up profitability from last year’s below-market-average profit per equity partner (PEP) of £190,000. Last month, Cobbetts […]

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