UK

UK updates from The Lawyer, covering London and regional law firms and the Bar.

News

Simpson Thacher hires Linklaters’ London head of tax

Simpson Thacher & Bartlett has made its first City partner hire in just over a year, bringing in Linklaters’ former head of global tax to its office. Yash Rupal will make the move to the US firm having been a partner at the magic circle firm since 1996. He represents a range of corporates, financial […]

ocado

Ocado wraps first legal adviser review since M&S deal

Ocado has concluded a review of its main legal advisers, with firms including DWF and Slaughter and May making it onto the retailer’s roster. The review comes as the online retail company has decided not to appoint a formal panel. At the same time, the effort follows the striking, in February 2019, of a £750m-worth […]

Solicitors Regulation Authority

SRA complaint filed against Dechert partner

A complaint against Dechert’s white-collar co-head, Neil Gerrard, has been filed to the Solicitors Regulation Authority. In documents seen by The Lawyer, Jordanian lawyer Karam Al Sadeq has filed the complaint, alleging that Gerrard conducted an interrogation unlawfully, while he was detained in inhumane conditions in Ras Al Khaimah. Sadeq is currently imprisoned in the emirate […]

Simpson Thacher invests in further City space after record financials

Simpson Thacher & Bartlett is to extend and refurbish its London office space, following a record 2019 in revenues in the City. The US firm has taken on an extra floor in its CityPoint home and has started its refurbishment of all of its space, which will include the redoing of offices and a new […]

money finance

Stewarts succeeds in client claim over “excessive” rates

The Court of Appeal has ruled in favour of Stewarts Law in a costs challenge brought by one of its former clients, who argued the firm’s rates for fee-earners were “excessive”. Kjerulf Ainsworth instructed Stewarts back in October 2017, bringing in the boutique after a breakdown in the relationship with his former partner, over which […]

Almost 30 chambers appointed to £55m City of London panel

A host of barristers’ chambers have been appointed to the City of London panel, including Cornerstone, Doughty Street and Garden Court. A total of 47 contracts have been awarded across eight areas, including planning, property, criminal and civil litigation– totalling £55m. Six contracts have been awarded to Cornerstone, with the public law set being appointed […]

Shard

Mishcon loses disputes duo to Greenberg

Two partners are set to leave Mishcon de Reya for Greenberg Traurig, in a rare loss for the City firm. Partners Masoud Zabeti and Mohammed Khamisa QC have been hired by the London office of Greenberg. Zabeti has been a longtime partner at the UK firm, having led its finance and banking litigation practice for more […]

sportsdirect

Sports Direct and FRC set for Supreme Court clash over privilege

Sports Direct and the Financial Reporting Council (FRC) are both seeking permission to appeal to the Supreme Court after judgment was handed down in a dispute over privilege. This case, which featured on The Lawyer’s Top 15 appeals for 2020, was the latest regulatory challenge on privilege and the first-ever proceedings brought by the FRC […]

Hogan Lovells

Hogan Lovells on hunt for greenest City office as it steps up HQ search

Hogan Lovells is scanning the City to look for the “most sustainable building” in London, as it formalises aspects of its search for a new headquarters. With the lease ending in 2026, late last year the firm assembled a team of advisers that includes sustainability specialists tasked with ensuring the firm’s objectives are pursued during […]

City trio take lead on Jupiter’s £390m funds acquisition

Macfarlanes, Travers Smith and Clifford Chance have won mandates on the consolidation of two UK asset managers, Jupiter Fund Management and Merian Global Investors. Clifford Chance acted for the buyer Jupiter, which acquired Merian for some £390m, creating a retail funds manager with just over £60bn of assets under management. Corporate partner David Pudge led […]

Eversheds rethinks innovation leadership following chief’s departure

Eversheds Sutherland has overhauled the innovation leadership of its firm following the departure of its head to a private equity firm late last year. Three months after its UK innovation chief Andrew McManus left to join private equity firm Bridgepoint, corporate partner Rachel Broquard has taken on a newly-created role as service excellence partner, with […]

Analysis

Revealed: The top appeals of 2020

It isn’t just the High Courts that are set for a busy year, with both the Court of Appeal and Supreme Court set to hear a range of cases, involving the likes of the Iranian Ministry of Defence, Secretary of State for the Home Department, Sports Direct and Mastercard. There’s plenty of work to go […]

buckingham palace

By royal appointment: the monarchy’s go-to lawyers

With Harry and Meghan announcing they will step back as senior royals and work to become financially independent, The Lawyer looks back at the royal family’s legal representation. Farrer & Co Farrer & Co has been the royal’s established advisers since the 1930s – Sir Leslie Farrer was the personal adviser to George VI and […]

The £2m PEP will be the new normal for the magic circle

As financial reporting season closes in, the magic circle will be hoping to surpass the elusive £2m barrier for average profit per equity partner (PEP). 2007 was the year that the magic circle cracked the elusive £1m mark in PEP. However, over a decade on and the quartet are still hunting down the next milestone […]

Latest UK Briefings

Online Harms regulation – getting closer?

The Government’s much anticipated response to the Online Harms White Paper consultation has finally been released but those seeking clarity at this stage may be left scratching their heads. It appears to represent no more than an indication of the Government’s direction of travel under considerable media pressure to ensure that “something must be done” […]

Balancing fear and greed: Does an expansion of the UK foreign direct investment rules beckon?

By Bernardine Adkins, Sean Giles In 2018, new measures were introduced to expand the scope of government intervention in mergers. This year, the government’s briefing note accompanying the Queen’s Speech proposes new rules on investment screening. What does this mean for business? Our experts examine the existing UK foreign direct investment rules, and explain what any […]

The Environment Bill 2019 – water, water, everywhere

By Lee Perry Part 5 of the Environment Bill, contains a number of disparate proposals relating to water – which could have major implications for many. Senior associate Joanne Sear and solicitor Grace Mitchell take a look at some of the key points in the Bill. Water resources planning According to its explanatory notes, the […]

End of consultation on the abolition of ASTs – response awaited

By David Perry The recent Government consultation on ending no fault terminations of residential tenancies, which will effectively abolish assured shorthold tenancies, came to a close on 12 October. Many people will be looking to see what, if anything, results from that process. As a generational change in residential letting, many stakeholder groups are likely […]

Court finds power of inspection is limited in the event of litigation

By Serge Amar, Nicolas Dubé How does one reconcile the concept of equality of the parties before the court and the guiding principle of fair debate with a party’s statutory advantage of being able to obtain information and evidence from its opponent? Such was the question examined in Ville de Montréal c. Sanimax Lom inc., wherein the Superior Court had to […]

Trends in the food and drink sector

By James Webb Despite 2018 being a very tough year for many in the food and drink industry, according to research compiled by Grant Thornton, M&A and private equity deal activity in the sector remained steady with a fall of just 2.8% compared to 2017. This is supported by our experience during the period where […]

Proceeds of sale of school site lost due to operation of reverter

By Alan Corcoran, Charlotte Walker The closure of a school prior to its sale meant the use for which the land had originally been given had ceased and so the proceeds of sale did not belong to the local authority. This was the decision in Rittson-Thomas v Oxfordshire County Council, which concerned the redevelopment of a […]

Fiduciary management: Improvement through competition?

Have you ever considered using fiduciary management services? Does your scheme have a fiduciary manager? Are you considering appointing or replacing a fiduciary manager? If so, you should already be considering the implications of the Competition and Markets Authority’s final report into the investment consultants market. The new requirements arise from concerns around the operation of the […]

CMA proposes major funeral market probe citing serious market concerns

By Trudy Feaster-Gee, Richard Jaques, Richard Butterworth The Competition and Markets Authority is due to begin an in-depth market investigation into the UK funeral sector in the New Year. This will involve a detailed review and scrutiny of the sector and include many of its key players. On 29 November 2018, the CMA announced in an interim report […]

Challenging an IVA on the grounds of material irregularity

By Simon Clark, Gawain Moore In Gertner v CFL Finance Ltd [2018] the Court of Appeal found that there had been a material irregularity at the creditors’ meeting convened to consider the debtor’s IVA proposals. The lender’s breach of the good faith principle between creditors was sufficient to revoke the IVA on grounds of material irregularity.

Blockchain technology in the art market gaining popularity

By Valentina Falicheva A notable trend since Bitcoin gained its popularity has been an incredible rise in the interest in the technology behind Bitcoin known as Blockchain, which is the “thing” which allows cryptocurrencies to function. Some statistics indicate that the global blockchain market is expected to be worth $20 billion in 2024! In this article, […]

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