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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

The new Denning

David Neuberger’s trajectory from Law Lord to Master of the Rolls mimics both Lord Woolf and Lord Denning (see story). What’s more, his move is a welcome bit of PR for the bench, which was singled out this week in the Milburn social mobility report for a bit of a kicking (see story). For one […]

Tulkinghorn: Carrott and stick

Starr & Partners. If you don’t know this lot then let Tulkinghorn tell you that it’s a London-based commercial law firm. It’s also home of employment lawyer Layla Bunni. Apparently it bugs Bunni when people rabbit on about her surname, which comes courtesy of her Iraqi father. Bunni now has a new client. Deirdre Carrott. […]

11

SJ Berwin’s PEP plummets 50 per cent

Average profits per equity partner (PEP) at SJ Berwin halved during the last financial year, dropping from £801,000 at the end of 2007-08 to £410,000. Jonathan Blake Turnover at the firm decreased by 14 per cent over the course of the year, down from £215m to £184m. SJ Berwin managing partner Jonathan Blake said: “The […]

Maclays’ PEP slides at end of “disappointing” year

Scotland-headquartered firm Maclay Murray & Spens saw average profits per equity partner (PEP) fall 32 per cent over the last financial year on the back of a turnover drop of 9 per cent. This is a turnaround fro the firm’s fortunes in 2007-08, when the firm posted a revenue rise of 12.5 per cent and […]

LG puts 35 per cent PEP hit down to trading conditions

LG has posted a 35 per cent drop in profit per ­equity partner (PEP) for the 2008-09 financial year, with ­equity partners taking home an average of £281,000 – down from £430,000 the previous year. Those at the top end of the equity will take home £510,000, equating to a decrease of £140,000, while partners […]

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