More income rises in solid year

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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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WSmiths launches Uruguay operation

Offshore law firm WSmiths has launched an office in Uruguay, which marks its second foreign opening in less than six months. Offshore law firm WSmiths has launched an office in Uruguay, which marks its second foreign opening in less than six months. From September, the firm will have a representative office in the Uruguayan capital, Montevideo, which […]

Nasdaq, Deutsche Börse and NYSE: who will finally win over the LSE?

Husnara Begum reports on the three-way battle to take over the London Stock Exchange The protracted battle to take over the London Stock Exchange (LSE) has got bloody. And thanks to the New York Stock Exchange’s (NYSE) decision to merge with Paris-based Euronext, the future of the LSE is now more uncertain than ever before. […]

DWS’s diversity: better late than never

News reaches The Lawyerthat Denton Wilde Sapte (DWS)is finally going to appoint a partner who will havespecific responsibility for diversity. So far, seven volunteers have stepped forward, with chiefexecutive Howard Morris expected to make a decision on theappointment in the next few weeks. Most firms have already appointed a ‘diversity captain’, so one wonders why […]

Lewis Silkin recovers with 40 per cent profit hike

Lewis Silkin is celebrating a staggering 40 per cent increase in average profit per equity partner (PEP) after two years of plummeting profits. The firm saw PEP climb back to £226,000 from 2005’s £162,000, but it still has to regain the heights of 2003, when PEP was recorded at £245,000. Meanwhile, turnover rose 14 per […]

Turnover boost sees IBB target UK elite

South East firm IBB Solicitors has posted an 8 per cent increase in turnover, with total revenue hitting £13m. However, profit remained static at £231,000 due to a £1m investment in new premises and lateral hires. IBB is targeting a slot in the UK’s top 100 firms based on turnover. It has seen a revenue […]

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