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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

Recommended

Freshfields’ pensioners agree sixty per cent cash cuts

Freshfields Bruckhaus Deringer has finalised plans to radically overhaul its partners’ treasured pension scheme, with some older partners accepting that they may receive as little as 40 per cent of their entitlement. Co-senior partner Konstantin Mettenheimer told The Lawyer that 90 per cent of partners agreed to the changes in an effort to make the […]

Beiten expansion reaps rewards as firm posts record profit and turnover

Germany’s Beiten Burkhardt posted a record turnover for 2005, with revenues up 20 per cent. The firm’s turnover grew to €83.2m (£58.1m) from €69.2m (£48.3m) in 2004. Revenue per lawyer also increased at the firm, rising 12 per cent to €405,000 (£282,800) from €362,000 (£252,800). Revenue per partner rose 13 per cent to E1.8m (£1.3m) […]

Government bond issue sees A&O continue its love affair with Pakistan

Allen & Overy (A&O) has become the only law firm to work on the entire recent series of bond issues by the Islamic Republic of Pakistan, having advised on an $800m (£456.7m) global securities offering. The transaction was Pakistan’s first Rule 144A transaction in more than a decade and the first time it has issued […]

Trowers & Hamlins: Keeping them keen

Trowers & Hamlins: Keeping them keen” />The legal market’s biggest challenge will be keeping assistants happy, warns Malcolm Lewis, head of HR at Trowers & Hamlins. Lewis sees a new Generation X developing, which will defy the traditions treasured by the established partnership.“The young have different expectations and ideas about work to the partners in […]

Top capital markets teams prepare for hybrid bond boom

Corporates will be seeking specialist help if the hybrid market growth materialises, says Matt Byrne Last year credit rating agency Moody’s published a rethink on its criteria for rating so-called ‘hybrid bonds’. The move, coupled with last year’s International Financial Reporting Standards (IFRS) acccounting changes, pressed the button on what some analysts are predicting will […]

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