PEP down 4 per cent at SullCrom, revenue flat

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Latest Briefings

India: The age of telephony has arrived

On 19 June 2018, the Department of Telecommunications, Government of India (DoT) finally provided its nod to several key recommendations (Recommendations) made by the Telecom Regulatory Authority of India (TRAI) on the Regulatory Framework for Internet Telephony in October 2017. DoT has released a clarification (Clarification) and certain amendments to existing licenses (Amendment), both of […]

Claims management companies: The new regulatory regime

Walker Morris Banking Litigation partners Louise Power and Rob Aberdein explain the new regulatory regime and the Financial Conduct Authority’s proposals for changes to the regulation of claims management companies across England, Wales and Scotland…

Adjudication Matters – July 2018

The Courts have re-affirmed that, despite a contract containing an express right of set-off, it is only in exceptional circumstances that a party will be entitled to set-off another claim against an Adjudicator’s award. This case serves as a helpful reminder that a right to set-off is unlikely to apply to an Adjudicator’s decision. The […]

Two EU regulations on UCITS/AIFMD asset segregation requirements for depositaries upon delegation

On 12 July 2018, the European Commission adopted two delegated regulations supplementing the Alternative Investment Fund Managers Directive (AIFMD) and the Undertaking for Collective Investment in Transferable Securities Directive (UCITS) on the safekeeping of assets by depositaries and their delegates. Their main purpose is to eliminate discrepancies among different national regulations. The following aspects will […]

Sleeping time is not working time says Court of Appeal

By Siobhan Fitzgerald The social care sector is breathing a sigh of relief after the Court of Appeal in Royal Mencap Society v Tomlinson-Blake reversed previous cases and decided that only time spent awake and working should be counted as working time for the purposes of calculating the national minimum wage.

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Morgan Lewis grows revenue by 8.5 per cent

Morgan Lewis & Bockius has posted an 8.5 per cent rise in gross revenue, taking the Philadelphia-headquartered firm’s turnover to $1.12bn for 2008. Although revenue per lawyer dipped slightly, by 1.2 per cent to $822,000, average profit per equity grew by 1.4 per cent to $1.45m. While corporate work slowed during the year for Morgan […]

DLA Piper layoffs compound US legal market turmoil

DLA Piper has made its second round of layoffs this week, shedding 180 US employees. The international firm has culled 80 associates and 100 support stuff from its US offices. On Monday the firm laid off 30 lawyers and 110 support staff (10 Feb 2009). DLA Piper is one of an unprecedented number of firms […]

Mishcon offers Smarta online advice

Mishcon de Reya has signed up to a legal advice helpline, with two of its lawyers giving advice via online business support site Smarta. It marks a change of direction for the West End firm, which has a large ­private client and litigation client base. Managing partner Kevin Gold said partner Nick Davis had originally […]

Redundancies: Mid-life crisis

Layoffs are ubiquitous, but mid-market firms are bearing the strain better than their more illustrious counterparts in the magic circle. When Olswang made 10 members of its real estate department redundant back in October 2007 (The Lawyer.com, 16 November 2007), lawyers and the legal press alike were shocked. While the credit crunch had meant deals […]

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Freshfields leads on British Land rights issue

Freshfields Bruckhaus Deringer has cemented its relationship with British Land by acting on the group’s £740m rights issue. The company said the issue would firm up its balance sheet but the move sent share prices in the property sector tumbling. Freshfields corporate partners Julian Long and Sarah Murphy led the team, while Linklaters corporate partner […]

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