Penningtons results show slow growth

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Latest Briefings

The Commercial Agents Regulations: a step behind the times?

By Alex Williamson The Commercial Agents (Council Directive) Regulations 1993 (the Regulations) are 25 years old this year. An evaluation by the European Commission concluded in 2015 that the underlying Commercial Agents Directive (the Directive) still met its objectives and functioned well. However, a recent Court of Appeal decision has shown that the legislation is struggling to […]

Exclusion clauses under the spotlight: UCTA reasonableness

By Perran Jervis In decisions handed down one day apart, the Court of Appeal concluded that a far-reaching exclusion clause which limited liability for negligence was reasonable under the Unfair Contract Terms Act 1977 (UCTA), whereas an exclusion clause in a lease (in the form of a non-reliance clause) was not. The decisions emphasise that […]

Currency, cost calculations and contractual clarity

Walker Morris’ Head of Commercial Dispute Resolution, Gwendoline Davies, highlights the importance of dealing comprehensively and clearly with matters of currency and calculation in cross-border contracts…

Belgian draft Trade Secrets Act: opportunities for the life sciences sector

On 8 June 2016, the EU Trade Secrets Directive was adopted. The main purpose of the Directive was to harmonise and enhance the protection of trade secrets EU-wide and to thus create an innovation-friendly environment for businesses. The EU Member States had to implement this Directive by 9 June 2018. Belgium missed the deadline, but […]

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Shoosmiths boosts PEP by 16 per cent

Shoosmiths posted profit per equity partner (PEP) of £396,000, marking the firm’s fifth consecutive year of profit increase. The 2005-06 financial year saw PEP up 16 per cent on £342,000 for the 2004-05 financial year. Turnover was up 23 per cent on last year, from £60.8m in 2004-05 to £74.7m for 2005-06.

Commission ploughs £3m into legal aid

The Legal Services Commission is making a further 100 grants available to help fund future legal aid solicitors. Each grant could be worth up to £30,000, meaning the total cost be almost £3m. The grants will cover the tuition fees of students on the Legal Practice Course (LPC), as well as 75 per cent of […]

Professional negligence

Negligence claims against firms of accountants, solicitors and other professionals are increasingly common in this litigious age. The law of negligence is in constant development, as major cases come to trial and new legislation makes its way through Parliament. This week, The Lawyer examines three hot topics in the professional negligence field. The House of […]

Freshfields instructed in Vue Entertainment MBO

Freshfields Bruckhaus Deringer has landed instructions from its new clients Boston Ventures and Clarity Partners on a management buyout of cinema operator Vue Entertainment. US private equity houses Boston Ventures and Clarity, together with Legal & General Ventures, sold their shareholdings in the cinema operator to a management team led by chief executive Tim Richards […]

Lovells wins power station permission

It only took seven years and two public inquiries, but Lovells has finally managed to secure permission for client Riverside Resource Recovery to build the UK’s largest energy from waste power station in Belvedere, South East London. The application was first made in September 1999. The first public inquiry was high profile and lasted some […]

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