Scottish Executive dumps Camerons, McGrigors and S&W

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Latest Briefings

Longer term tenancies? Potential implications for lenders

Walker Morris’ Housing and Banking Litigation experts Karl Anders, Justin Coley and Sandip Singh explain the UK government’s consultation on introducing longer-term tenancies in the private rented sector, with a particular focus on potential impacts for lenders…

Assessing creditworthiness in consumer credit: FCA publishes final rules and guidance

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

FCA consultation on a Global Financial Innovation Network

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

Austria: The DPA’s strict view on retention periods

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

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Bingham seals eighth merger for West Coast push

US firm Bingham McCutchen has merged with Los Angeles firm Alschuler Grossman, increasing its litigation capabilities. Alschuler Grossman, which will add 40 lawyers to Bingham’s Los Angeles office, is well know for its work on high profile litigation cases. This is the eighth merger for Bingham and the second in 2007: the other being a […]

DLA Piper and RPC scoop Grant Thornton merger

Reynolds Porter Chamberlain (RPC) and DLA Piper have scooped lead roles on a merger that aims to shake up the Big Four accountants’ stranglehold on the market. Grant Thornton turned to RPC and DLA Piper is advising RSM Robson Rhodes in the accountants’ plan to combine to form the fifth-largest accountants in the UK by […]

Travers takes MBO role for promethean

Travers Smith has closed its third deal for private equity firm Promethean Investments, which was set up by Lovells just over a year ago. The fund has bought a 30 per cent stake in the Enterprise Group’s management buyout (MBO), amounting to £8.5m, under the advice of Travers Smith corporate partner Paul Dolman, senior corporate […]

SJ Berwin makes up a record 16 partners

SJ Berwin has followed its City rivals by announcing the promotion of 16 associates to its partnership – its largest number to date. The appointments number three more than last year, when 13 lawyers were made up, and continue the firm’s increasing focus on organic growth. In 2004-05 seven were promoted, while 11 were made […]

Minority legal bodies take Govt to court

•The Society of Asian Lawyers and the Black Solicitors Network have commenced judicial review proceedings to challenge the Government’s proposed changes to the funding of legal services for crime. They claim that the Carter reforms will adversely affect ethnic minority lawyers, as the smaller law firms they tend to work for will be less likely […]

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