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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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Allen & Overy opens in Munich with Shearman hires

Allen & Overy (A&O) is to open in Munich after the hire of Shearman & Sterling‘s global co-head of tax and one of the US firm’s rising M&A stars. Munich-based Gottfried Breuninger is one of Shearman’s most senior, and joins A&O with local M&A partner Astrid Krüger. The departures will be a heavy blow for […]

MacRoberts

UK 200 Position: 106= Turnov… Position: 112Firm: MacRoberts Turnover: £18.0mRevenue per fee-earner: £121KRevenue per lawyer: £247KRevenue per partner: £439KTotal number of fee-earners: 149Total number of qualified partners: 73Total number of partners: 41Total number of female partners: 0Total number of staff: 0

Harbottle & Lewis

UK 200 Position: 113 … Position: 114Firm: Harbottle & Lewis Turnover: £17.6mRevenue per fee-earner: £207KRevenue per lawyer: £255KRevenue per partner: £733KTotal number of fee-earners: 85Total number of qualified partners: 69Total number of partners: 24Total number of female partners: 7Total number of staff: 170

Lehman’s UK lawyers ‘may not be paid’

The 70 in-house lawyers at Lehman Brothers in the UK face a nervous wait today to find out whether or not they will be paid this month. The bank operated a zero-cash policy in the UK, transferring the money to the US operation at the end of every day. As a result Lehman has no […]

Schillings

UK 200 Position: 193= Turnov… Position: 200Firm: Schillings Turnover: £6.3mRevenue per fee-earner: £350KRevenue per lawyer: £450KRevenue per partner: £1,050KTotal number of fee-earners: 18Total number of qualified partners: 14Total number of partners: 6Total number of female partners: 0Total number of staff: 30

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