Rivals reject Thompsons excuses for partner cull

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Latest Briefings

Navigating a new reality in the client-empowered era

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 […]

Procurement and state aid update: preparing for 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 […]

Data protection: 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 – CoA

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 […]

Recommended

Three top Italian firms merge to fight UK and US predators

Three top Italian law firms are merging in response to “aggressive competition” from UK and US practices.The firms are Erede e Associati, which is advising Olivetti in its £36.5bn take-over of Telecom Italia alongside Herbert Smith (The Lawyer last week), Bonelli e Associati and Pappalardo e Associati.Foreign interest has forced Italian firms to examine their […]

Sullivan & Cromwell in eight-day M&A deal

US firm Sullivan & Cromwell got the call to represent French bank Societe Generale only eight days before its merger with Paribas went ahead, the lawyer who headed the deal reveals.Pierre Servan-Schreiber, partner at the Paris office, says that the firm’s size was one of three deciding factors in its selection.“SocGen needed a firm that […]

Rising star shipping firm fined £50,000

Fast-growing shipping and offshore specialist Curtis Davis Garrard has been hit by an exceptionally high wasted costs order of around £50,000.In a ruling leaked to The Lawyer last week, Mr Justice Rix says partner Mark Davis “has been negligent, not in just one respect, but in many”, while acting on behalf of shipping company Lowline […]

Its been a good week for

Privacy. Sir Elton John and his lawyers Eversheds, won a landmark ruling from the Press Complaints Commission, agreeing that his privacy was invaded when newspapers published long-lens photographs of Posh Spice and David Beckham at Elton’s home. The ruling opens the floodgates to complaints lodged on behalf of visitors by their hosts. Censorship. The US […]

Credit Suisse heads for court

THE share-dealing scandal at Credit Suisse First Boston (CSFB) involving the so-called “Flaming Ferraris” will this week explode into full-blown litigation.City firm Herbert Smith has assisted CSFB in its three-week investigation into the affair. The firm is now facing legal action by Adrian Ezra, one of three sacked traders.He is suing for his bonuses – […]

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