Proskauer Rose hires four real estate partners

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Latest Briefings

Landlord’s threats of legal action amounted to harassment of tenant

The recent Court of Appeal decision in Metropolitan Housing Trust Ltd v Worthington (1) and Parkin (2) alerts landlords to the risk of their dealings with tenants amounting to unlawful harassment.  Housing Management and Litigation experts Karl Anders and Lucie Bryan explain and offer practical advice, which will be of particular interest for social housing providers […]

Cabot SPR appeal: A welcome outcome for unsecured lenders in Scotland

Walker Morris partner Rob Aberdein explains an appeal allowed by the Sheriff Appeal Court which clarifies that the “interventionist and problem-solving approach” required of sheriffs under the new Simple Procedure Rules Simple Procedure Rules (SPR) for low value claims does not extend to undefended claims.  The appeal concerned a number of test cases and will […]

Industry responds to SME access to the FOS

The FCA last week published a suite of responses it has received to a consultation paper (CP18/3) released in January this year setting out the FCA’s proposed changes to the jurisdiction of the Financial Ombudsman Service (FOS) to open the FOS complaints resolution process to small businesses (SMEs). The fourteen responses published come from a […]

Cyber security, separation and self-protection online

Social media has many benefits, enabling us to keep in touch with old and new friends alike, sharing special moments with ‘followers’, organising events or tracking exercise progress. However, there is a dark side to the web.  Every click, post or search adds to your very own digital footprint, this leaves everyone vulnerable to exploitation. […]

Romanian companies will be able to distribute dividends on a quarterly basis

The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]

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The Insider

City firms seem to be very pleased with themselves at the moment. Far from behaving like 19th century slave owners by whipping a few more chargeable hours out of their subservient associates, partners are now literally showering their lowly assistants with extra ducats. But while decision makers in private practice are busy splashing around in […]

Simpson Thacher hires two partners from Shearmans

Shearman & Sterling‘s Silicon Valley expansion plans have suffered a setback with two of the firm’s top partners leaving for Simpson Thacher & Bartlett. William Hinman, who was Shearmans’ managing partner in San Francisco and Menlo Park, and business finance partner Kevin Kennedy are leaving for the rival New York firm. Shearmans has significantly increased […]

BP Amoco matches City firms’ salaries

BP Amoco’s in-house legal department is entering the bidding war for lawyers by reviewing its pay structure to bring it in line with City rates. BP Amoco group general counsel Peter Bevan has commissioned a report to review rates of pay for lawyers from newly-qualified associates up to partner level. He says: “If you take […]

CC penalises equity partners over £200m billings backlog

Equity partners at Clifford Chance will miss out on their quarterly profit payments after creating a lock-up lag of 20 weeks, representing app-roximately £200m in unpaid bills. Lock-up represents the period from time recorded to cash collection, which has lengthened considerably at the firm since its merger. Equity members were due to receive their payments […]

Rover Group

A full three months after BMW sold off its Rover car division to the Phoenix consortium for a nominal fee of £10, Midlands-based Rover is just beginning to draw breath. As a result of one the most high profile deals of the year, the newly formed Rover Group has finally put in place its new […]

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