One Essex Court – UK 100

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Latest Briefings

Policies for streamlining operations of PSCs

On 18 July 2018, the Cabinet Committee on Economic Affairs approved policy framework for streamlining operations of production sharing contracts (PSCs) for increased domestic production of hydrocarbon resources (Policy). By way of background, the Government of India had awarded 28 exploration blocks (13 offshore and 15 onshore) to private companies between 1980. This was prior […]

Amendments to IBBI Regulations, 2016 – CIRP Regulations

By Ashwin Bishnoi, Shruti Singh, Charu Chitwan The Insolvency and Bankruptcy Board of India (IBBI) notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018 (Amendment Regulations) on 4 July 2018 to amend the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) for the third time this year. Primarily, the […]

Why Offshore for Fintech?

Fintech is changing the way banking and financial services businesses are operating at an incredible pace. There are many challenges and opportunities that face financial institutions, business, investors and start-ups. As with much new technology, the speed of change frequently outstrips the legal and regulatory landscape and fresh approaches are often required to adapt. With […]

Cayman Islands investment funds – Changes to the AML Regime

A number of significant changes to the anti-money laundering regime applicable to Cayman Islands investment funds were introduced towards the end of 2017. The key changes are: • Unregulated investment funds will be subject to the Anti- Money Laundering Regulations, 2017 (as amended, the “AML Regulations”) from 31 May 2018 • The Cayman Islands Monetary […]

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Wilberforce Chambers – UK 100

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Grapevine

German firm seeks friendship, but nothing seriousAt the end of last year German firm Beiten Burkhardt ended a tug of love between Berwin Leighton Paisner (BLP) and Eversheds by choosing an informal network of best friends rather than the formal alliance favoured by both UK firms. Strangely, Beiten claims this was never an option. The […]

Clarke Willmott – UK 100

Turnover: £26.7m Profit per equity partner: £172,000 Equity spread: £110,000-£179,000 Net profit: £5.6m Profit margin: 21 per cent Salaried partner remuneration: £65,000-£70,000 Revenue per lawyer: £175,000 Revenue per partner: £534,000 Revenue per equity partner: £1,068,000 Cost per lawyer: £138,000 Profit per lawyer: £36,000 No of partners: 50 No of equity partners: 25 No of female […]

Davies Arnold Cooper – UK 100

Turnover: £30m Profit per equity partner: £278,000 Equity spread: £200,000-£400,000 Net profit: £6.4m Profit margin: 21 per cent Salaried partner remuneration: £85,000 Revenue per lawyer: £203,000 Revenue per partner: £556,000 Revenue per equity partner: £1,304,000 Cost per lawyer: £159,000 Profit per lawyer: £43,000 No of partners: 54 No of equity partners: 23 No of female […]

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