Property lawyers top professional indemnity hit-list

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To thrive in the new era of the empowered client, law firms must make investments designed to modernise the way they run their firms and service their clients. This requires changing culture, developing new competencies, and operationalising new ways of working. Innovative technologies are key enablers to accelerating rms’ transformations in these areas. New research […]

Future of public procurement in UK in the event of ‘no-deal’ Brexit

By David Kilduff, Richard Auton or Richard Butterworth On 13 September 2018, the UK government published further guidance on the future of public procurement in the UK in the event of a “no deal” Brexit. What next for UK public procurement? Under current rules, all procurement opportunities that fall within the scope of the EU procurement […]

Third party redevelopment – Landlord may oppose tenant’s lease renewal

By Matthew Lonergan, Lucy Shepherd A recent case has confirmed that a landlord was entitled to oppose its tenant’s lease renewal under the Landlord and Tenant Act 1954 where redevelopment of the site was to be undertaken by a third party. Background The case of Santander UK PLC v LPS Estates Ltd concerned the security of […]

Sunset of £500K, dawn of GDPR enforcement and horizon of Brexit

By JP Buckley In just a short space of time, the ever-evolving world of data protection and cyber has seen yet more change: 1. Potentially one of the last enforcement actions under the Data Protection Act 1998 against Equifax – and a maximum £500,000 fine for them for failing to secure UK citizens’ personal data against […]

Officer of judgment debtor can be committed for failure to provide information under CPR 71 – Court of Appeal

Deutsche Bank AG v Mr Alexander Vik [2018] EWCA Civ 2011 This judgment is the latest instalment in the long-running litigation between Deutsche Bank (“DB”) and the Monaco-based billionaire, Alexander Vik. In 2008, Mr Vik’s personal investment vehicle, Sebastian Holdings, Inc. (“SHI”), incurred huge debts to DB after it made a series of heavily loss […]

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Ashursts the loser as British Telecom gets tough on fees

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Dresdner Kleinwort to create US, Asian panels based on UK model

German investment bank Dresdner Kleinwort Wasserstein is set to launch legal panels in the US, Japan and Singapore following a successful pilot scheme in the UK. A further German panel is likely to follow. Global head of legal services Stephen Lowe, who is leading the review with assistance from the bank’s procurement division, said the […]

Travers Smith in management instruction on Hamleys’ MBO

Travers Smith Braithwaite saw off competition from two rival law firms to scoop the mandate on the public-to-private buyout of toy emporium Hamleys. The management buyout, which values Hamleys at £47.2m, was backed by Iceland’s largest retailer Baugur and headed by the toy shop’s chief operating officer John Watkinson and finance director Ian Parker. Baugur […]

Two partners jump ship from Gray Cary

West Coast-based Gray Cary Ware & Freidenrich has been hit by the departures of two partners as it struggles to return profitability to its former level Litigation partner and white collar crime expert Walt Brown has joined Orrick Herrington & Sutcliffe after just two years at Gray Cary, while insurance coverage partner Martin Myers moved […]

Too many lawyers sees Cadwalader sell office

Cadwalader Wickersham & Taft may soon see its New York headquarters turned into chic designer digs after putting the 325,000sq ft office up for sale. The firm has decided to sell the space at 100 Maiden Lane in downtown Manhattan after outgrowing it. The building is made up of three 80-year-old blocks that were consolidated […]

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