Reed Smith revenue up 10 per cent, PEP falls

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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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Wilson Sonsini blames downturn for 113 layoffs

Wilson Sonsini Goodrich & Rosati has become the latest US firm to announce it is making layoffs, with job cuts totalling 113 employees. As revealed on US legal blog AbovetheLaw.com today, the firm has culled 45 lawyers and 68 support staff due to the economic downturn. An internal memo sent firm wide, chief executive officer, […]

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Ashurst plans to shed 15 secretarial jobs

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Paul Weiss: revenue and PEP up

Paul Weiss Rifkind Wharton & Garrison has announced revenue growth of 6.3 per cent for the 2008 financial year. The US firm posted revenues totalling $692m for 2008, up from $652m in the 2007 financial year. Average profit per equity partner (PEP) increased by 2.3 per cent, up from $2.6m in 2007 to $2.7m last […]

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No one could have predicted that UK legislation brought in post-9/11 would be used to force the arm of overseas financial markets. Litigation and ADR No one could have predicted that UK legislation brought in post-9/11 would be used to force the arm of overseas financial markets. The first litigation/ADR special report describes how, when […]

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