Latest Briefings

Dishonesty: A change of approach

On 29th April 2020, following the decision in the case of R v Barton and Booth [2020] EWCA Crim 575, the Court of Appeal identified that the two-limb test for dishonesty as identified in the case Ghosh, is no longer the approach to be taken.

Cybersecurity requirements for licensees

Entities regulated under the Insurance Law will need to implement cybersecurity measures in proportion to their cyber risk profile by 27 November 2020 following the release of the Rule and Statement of Guidance on Cybersecurity for Regulated Entities by the Cayman Islands Monetary Authority on 27 May 2020.

Wirecard – has the German financial regulator lost its immunity?

The German regulator BaFin is being sued for abuse of authority following one of the biggest fraud scandals of the decade with German payment processor, Wirecard AG, filing for insolvency owing €3.5bn and its chief executive arrested on suspicion of accounting fraud and market manipulation. This article explores the situation and considers the need for change.

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Shane Gleghorn, Taylor Wessing

Taylor Wessing profits fall 8 per cent after tech investments

Taylor Wessing‘s UK profit per equity partner (PEP) dropped by 6.5 per cent over 2019/20, in a turbulent end to the financial year. The firm’s UK PEP went down for the first time in a number of years, having grown by 13 per cent to £655,000 in 2018/19 and after skyrocketing by 20 per cent […]

CC

Clifford Chance wins UK Government mandate on EU trade talks

Clifford Chance will provide legal advice to the UK Government as it seeks to agree a trade deal with the European Union. The magic circle firm’s contract is worth £500,000, with a trade agreement due to be completed over the next couple of months. Linklaters, meanwhile, previously won a role advising the UK Government on […]

counting money

Clydes reveals first financials under new leadership team

Clyde & Co’s profits fell by 5 per cent over the 2019/20 financial year, due to a slew of investments made during the past 12 months. Profits dipped from £151m to £143m, while a 4 per cent decline in PEP saw the figures fall from £690,000 to £665,000. By contrast, Clyde & Co’s revenue went […]

Lee Ranson

Eversheds’ PEP nudges up 2 per cent to £902,000

Eversheds Sutherland’s turnover for offices outside the US rose by 8 per cent over 2019/20 to just under £600m. The firm’s revenue increased from £548.8m to £592m. Average profit per equity partner too saw an uplift, although growth was slower. PEP nudged up 2 per cent from £886,000 to £902,000. The firm’s profits grew to […]

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