Shearman chief sets ultimatum for capital markets

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Latest Briefings

Law Firm Survey 2018

By Giles Murphy Finding and retaining those talented individuals is becoming more difficult. Not only must law firms contend with traditional rivals, but also with new entrants, such as the Big 4 accountancy firms. At the same time, firms are looking to shore up their businesses with increasing specialisation and geographic expansion. Mergers and acquisitions […]

Legal technology: Looking past the hype

Did the expression “UK Legal Tech Landscape” once make you excited and now make you groan? Increasingly you are not alone. Overblown promises and a lack of clear solution-based thinking has driven confusion and disillusionment with legal technology. This is due, in part, to the fast pace of change in the legal industry and the […]

Approval of changes in Debt Arrangement Scheme in Scotland

By Rob Aberdein In August 2018 Rob Aberdein explained proposed changes to the Debt Arrangement Scheme (DAS) in Scotland. The legislation enacting those changes has now been approved by Parliament and the new regime will come into force on 29 October 2019.  The legislation and guidance can be viewed here.

ICO continues to undertake enforcement action under the Data Protection Act 1998

By JP Buckley The ICO continues to undertake enforcement action under the previous Data Protection Act 1998. It applies where the breach was before 25 May 2018, when the GDPR and Data Protection Act 2018 came into force. We have seen from recent enforcement action that the trends continue… data protection and security is not […]

Recommended

Scottish Re bolsters in-house team

Reinsurance company Scottish Re has hired a second in-house lawyer for its UK legal function. William Keen joins UK head of legal George Scott at Scottish Re’s Windsor headquarters on Monday (20 June). Keen previously worked in-house at insurer UnumProvident. Keen will focus on treaty, regulatory and claims work at Scottish Re, as well as […]

Freshfields scoops spot on Barclays panel after failing to make it in 2003

Freshfields Bruckhaus Deringer has landed a place on Barclays’ general advisory panel after the conclusion of the banking giant’s review of external legal advisers. As first revealed on www.thelawyer.com (10 June), the appointment is a coup for Freshfields, as it narrowly missed out on winning a place on the coveted panel when it was last reviewed in 2003. […]

Disappointing year for Lawrence Graham

Mid-sized City firm Lawrence Graham has recorded a 3.5 per cent drop in profits per equity partner (PEP) despite turnover breaking £60m for the first time. The firm’s PEP has dropped to £401,000 for 2004/05, down from £415,000 during the 2003/04 financial year when the firm posted record average PEP. Top of equity has similarly […]

Cadwalader’s sole leveraged finance partner quits

Cadwalader Wickersham & Taft has lost finance star Christopher Kandel to White & Case, leaving the firm with no partner-level leveraged finance capability. The bank debt specialist joined Cadwalader’s London office in 2002 from Fried Frank Harris Shriver & Jacobson. Prior to that, he was a partner at O’Melveny & Myers. His departure from Cadwalader follows […]

CC boosts junior pay packets

Clifford Chance has unveiled modest pay increases for junior lawyers, with newly qualifieds (NQs) taking home £51,000 annually. The increase sees Clifford Chance NQs paid an additional £1,000. At the same time, salaries for first year qualified lawyers have risen from £55,000 to £56,000. The changes took effect on 1 May this year. It marks […]

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