Opinion: Firms should be shy of retiring their partners

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Latest Briefings

Jersey: The Trusts Law 2018 – An insight

By Siobhan Riley, Andreas Kistler The Trusts (Amendment No. 7) (Jersey) Law 2018 (the Amendment Law), which came into force on 8 June 2018, reÊnes and further enhances Jersey’s trusts legislation, the Trusts (Jersey) Law 1984 (the Law). Since its introduction in 1984, the Law has been amended and updated periodically, the last changes having been made […]

Trust legislation in Guernsey

By Russell Clark Much of Guernsey’s economic success over the past 50 years or so has been largely due to its adaptability and flexibility to react to changing market situations and conditions. This adaptability is no better illustrated than by the island’s willingness to amend and review legislation to ensure that it retains its position within […]

Jersey lodges the draft Taxation Law 201

Jersey has lodged the draft Taxation (Companies – Economic Substance) (Jersey) Law 201- (the “Law”). The Law, once adopted, is intended to meet the commitment made by Jersey to address certain concerns raised by the EU Code of Conduct Group on Business Taxation (the “Code Group”) in relation to the need for relevant businesses to […]

Bulgaria: Companies required to register their beneficial owners by February 2019

By Gergana Roussinova Companies have until 1 February 2019 to register their beneficial owners in the Bulgarian Commercial Register and Register for Non-profit Legal Persons (the “Commercial Register“). This obligation comes as a result of the adoption of a new Law on the measures against money laundering in March this year (the “AML Law“). Who is obligated under […]

Importance of prohibition on the collateral use of disclosed documents

By Sonia Tolaney, Sandy Phipps CPR 31.22 provides that disclosed documents may be used only for the purpose of the proceedings in which they were disclosed without the consent of the disclosing party or the Court’s permission. It is well established that this rule, known as the collateral use prohibition, applies both to the disclosed documents themselves […]

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Firms gather to sort Royal Mail potential sell-off

A group of elite City firms has won roles on a possible private sector investment in Royal Mail, with Slaughter and May advising the potential target. Slaughters corporate partner Jeff Triggs, who has a longstanding relationship with the national postal service, is leading the team advising Royal Mail. Triggs has been involved on the matter […]

Bakers cuts 20 lawyers in London

Baker & McKenzie has made up to 20 associates redundant in the London office and put the entire support staff under review. All of the 285 support staff and secretaries in the City office have been told their jobs are on the line, although the firm would not confirm how many would be laid off. […]

O’Connors

A witty website, including personal anecdotes from the team, aims to present O’Connors as a ­professional but entertaining law firm. “We don’t take ourselves too seriously,” laughs managing partner Nigel Wallis. “We work as a team and we always have a team plan as opposed to an individual one.” The Liverpool firm has witnessed steady […]

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Cadwalader trio snubs offer to stay

The New York management of Cadwalader ­Wickersham & Taft has failed in an attempt to buy back three of the seven ­London partners who left for Paul Hastings. The New York management ;of ;Cadwalader ­Wickersham & Taft has failed in an attempt to buy back three of the seven ­London partners who left for Paul Hastings. Cadwalader […]

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Magic circle trainees kept on despite recession

Magic circle firms are continuing to take on a high proportion of trainees despite the economic turmoil and redundancies, The Lawyer can reveal. Linklaters, which was revealed last week to be trimming its partnership by up to 70 (see story), is set to keep on 84 per cent of trainee solicitors due to qualify in March, […]

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