Simmons set to achieve revenue goal

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Latest Briefings

Policies for streamlining operations of PSCs

On 18 July 2018, the Cabinet Committee on Economic Affairs approved policy framework for streamlining operations of production sharing contracts (PSCs) for increased domestic production of hydrocarbon resources (Policy). By way of background, the Government of India had awarded 28 exploration blocks (13 offshore and 15 onshore) to private companies between 1980. This was prior […]

Amendments to IBBI Regulations, 2016 – CIRP Regulations

By Ashwin Bishnoi, Shruti Singh, Charu Chitwan The Insolvency and Bankruptcy Board of India (IBBI) notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018 (Amendment Regulations) on 4 July 2018 to amend the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) for the third time this year. Primarily, the […]

Why Offshore for Fintech?

Fintech is changing the way banking and financial services businesses are operating at an incredible pace. There are many challenges and opportunities that face financial institutions, business, investors and start-ups. As with much new technology, the speed of change frequently outstrips the legal and regulatory landscape and fresh approaches are often required to adapt. With […]

Cayman Islands investment funds – Changes to the AML Regime

A number of significant changes to the anti-money laundering regime applicable to Cayman Islands investment funds were introduced towards the end of 2017. The key changes are: • Unregulated investment funds will be subject to the Anti- Money Laundering Regulations, 2017 (as amended, the “AML Regulations”) from 31 May 2018 • The Cayman Islands Monetary […]

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DWS’s PEP rise contrasts with poor turnover

Denton Wilde Sapte’s (DWS) half-year figures revealed an astounding 29 per cent jump in average profit per equity partner (PEP) on the same period last year. The firm is predicting PEP to hit £360,000 by the year-end. Should it achieve this, it will go some way towards repairing the damage done by the firm’s disappointing […]

Careers: In brief

The Institute of Legal Executives (Ilex) has welcomed the positive measures being taken by the Government and included in the new Compensation Bill to protect the public from unregulated claims management companies (CMCs). “For too long the public have expressed concern about CMCs who were pressurising clients into bringing claims – some of which were […]

Silverbeck reveals aggressive growth plan with £4.1m revenue per partner

Liverpool boutique Silverbeck Rymer is set to pursue an aggressive growth strategy after more than doubling its turnover during the past three years. The insurance litigation firm has emerged as a key player in the North West, recording a turnover of £16.4m for the 2004-05 financial year and revenue per partner of £4.1m. Legal director and […]

Wiggin reveals plans to cap growth at £16m

One of the UK’s top media and entertainment boutiques Wiggin has unveiled a bizarre strategy that will see it effectively cease growing in two years. In April, turnover stood at £8.2m. By the halfway point this year it was £10m. Chief operating officer John Bannister said that the firm’s business model demanded a partner-led service, […]

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