Nabarro staffing review to hit London, Sheffield

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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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Cravath cuts special bonuses for associates

Cravath Swaine & Moore has cancelled the special bonus element of its 2008 year-end payments to associates. Cravath is the second US firm to abandon special bonuses – payments that are made on top of the annual bonus – after Skadden Arps Slate Meagher & Flom announced its bonus structure internally last week (19 November). […]

Freshfields shores up Mena offering

Freshfields Bruckhaus Deringer has sent corporate rainmaker David Higgins to the Middle East to co-head the firm’s regional practice. Higgins will run the Middle East and North Africa (Mena) practice alongside corporate partner Bruce ­Embley. Both lawyers will be based in Dubai. Higgins told The Lawyer: “A ­growing number of the firm’s clients are based […]

Birketts

Being a regional firm can have its advantages, as ­Birketts in East Anglia discovered this year. The 38-partner firm benefited from the closure of ­Eversheds’ Norwich office and has seen its total lawyer headcount in the town rise from six in 2004 to more than 50 fee-earners today. Birketts chief executive Alistair Lang, a non-lawyer […]

Speechly consulting on real estate, corporate jobs

City firm Speechly ­Bircham has launched a redundancy consultation with eight fee-earners. City ;firm ;Speechly ­Bircham has launched a redundancy consultation with eight fee-earners. Managing ;partner Michael Lingens told The Lawyer the consultation was the result of a two month-long business review that had identified a ­slowdown in real estate and corporate work. “I regret any loss […]

Employment special report: Takeover troubles

The global credit crunch has left large financial institutions vulnerable to takeover bids on a scale that has never been witnessed before. The structuring of these acquisitions requires a number of considerations, none more so than in relation to employees, says Simeon Spencer The recent bid for HBOS by Lloyds TSB Bank (LTSB) provides an […]

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