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Latest Briefings

Innovative new law opens Guernsey up to Artificial Intelligence

By Andrew Munro The newly enacted Electronic Transactions (Electronic Agents) (Guernsey) Ordinance, 2019, which came into force on 1st March this year, signals a turning point in law for companies using Artificial Intelligence which itself represents an area of exponential growth and critical importance for future development in many areas and sectors worldwide. This exciting […]

CSSF on mandatory notifications in a no-deal Brexit context

Following the publication of Luxembourg laws of 8 April 2019 (see our previous briefing here), the Luxembourg Financial Sector Supervisory Authority (CSSF) has issued two press releases aimed at undertakings for collective investment (UCIs) and/or their managers, and certain firms currently authorised in the United Kingdom (UK) which intend to continue their activities in Luxembourg […]

Economic substance laws: the private wealth context

By Richard Laignel  Recently as part of on-going international initiatives, a large number of international finance centres (including Jersey, Guernsey, BVI and Cayman) have passed new laws requiring companies which are tax resident in such centres and also conducting certain types of activities to demonstrate that they have an adequate level of physical substance and […]

Recommended

Supreme Court: LLP members are protected by whistle-blowing legislation

Two major rulings from the Supreme Court and Court of Appeal this morning will be enough to keep litigators talking for weeks. LLP members are protected by whistle-blowing legislation, the final court ruled, paving the way for the first whistle-blowing case against a law firm. Former Clyde & Co partner Krista Bates van Winkelhof will […]

head in sand

The accountants are coming…

The big auditors are targeting the legal sector again, and this time the mid-market had better be prepared The accountants’ previous assault on the legal market might have turned out to be a bit of a damp squib, but this time around law firms could really have something to worry about. With PricewaterhouseCoopers’ legal arm […]

Sydney

Herbies u-turns on Australia pay freeze ahead of remenuration overhaul

Herbert Smith Freehills (HSF) is to lift its pay freezes in Australia after cancelling an annual salary review in 2013. Permanent staff in Australia will be told about their salary increases in July, with employees expected to be reviewed based on performance.  The initial pay freeze was isolated to staff in Australia, with the firm […]

Freshfields
3

In-housers name Freshfields and Herbies as most popular brands

Freshfields Bruckhaus Deringer is the most popular legal brand in London and the UK among general counsels, research by Acritas claims. The research, based on responses of 344 senior general counsel in UK organisations with revenues over £25m reveals Herbert Smith Freehills (HSF) and Freshfields as the big winners in the capital having climbed to […]

Norton Rose Fulbright

Norton Rose Fulbright overhauls maternity provisions

Norton Rose Fulbright has updated its maternity and paternity policies, following a survey of all women who have taken maternity leave from the firm over the past five years. The new policy, which went live on 1 May 2014, sees all London employees who have been at the firm for more than one year receive […]

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