Simmons to cut up to 69 in latest redundancy talks

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Latest Briefings

Putting data to work

By Nicholas d’Adhemar Technology is dramatically changing the practice of law. Big data, machine learning, smart contracts and Artificial Intelligence are all making the assimilation and interpretation of large amounts of unstructured data much easier. Some doom-mongers see this as the end of the traditional practice of law. We believe, rather, that the trend will be […]

The Romanian Competition Council never rings twice

By Georgiana Badescu, Mona Banu, Volker Weiss This is how it all starts: with a ring at the door We can only imagine how big the surprise must be when you find out that your Belgium-based office is being raided in an investigation by the Romanian Competition Authority. But it is a fact that the […]

E-mobility market in Portugal – An overview

By Manuel Santos Vitor, Catarina Cortez Gamito Historical and legal background One of the main national priorities in what concerns the Portuguese electricity sector is the development and full implementation of a strong electric mobility (‘e-mobility’) market. This priority largely results from the government concerns associated not only with the environment (ie, reduction of greenhouse gas (GhG) […]

New Jersey LLC law strengthens the Island’s offering to US managers

By Matthew Shaxson Jersey’s new LLC law strengthens the Island’s offering to US managers to build on the £169 billion of US assets and funds already administered here, says Ogier partner Matthew Shaxson. The Island’s legislature gave final approval to the new LLC structure, which largely mirrors the existing Delaware model, last week. With a significant […]

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

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1

Milbank suffers 16 per cent profit drop

Milbank Tweed Hadley & McCloy has posted a double digit drop in average profit per equity partner (PEP) along with a 3 per cent fall in total revenue for the 2008 financial year. The New York-headquartered firm’s PEP fell from $2.53m in 2007 to $2.1m, at 16 per cent one of the most significant reductions […]

Norton Rose hikes Middle East with trio

Norton Rose is relocating three finance partners to the ­Middle East, including its global Islamic finance chief Neil Miller, who will move to Dubai. Miller will be joined by corporate finance partner Alan Bainbridge and asset finance partner Emma Giddings, who will move to Abu Dhabi. Their term in the Middle East is indefinite. Miller […]

35

A&O to slash partnership in £44m restructuring

Allen & Overy (A&O) is to cut up to 247 lawyer jobs and jettison its private client business in a global restructuring expected to cost the firm £44m. The firm is culling 9 per cent of its global partnership, 9 per cent of fee-earners and 9 per cent of support staff while headline client billing […]

Professional Negligence Special Report: The ex factor

A recent case provides useful guidance on when a law firm can and cannot act for a former client. Richard Harrison reports. The issues that a law firm needs to consider if it wants to act against a former client were clarified in the recent case of Winters v Mischon de Reya (2008). Mishcon de […]

12

College of Law bags A&O, Links GDL contracts

Magic circle firms Allen & Overy and Linklaters have signed up College of Law (CoL) to run every aspect of training for their future trainee solicitors. The college, which already provides a bespoke Legal Practice Course (LPC) for both firms, will now be the sole provider of the Graduate Diploma in Law (GDL) for their […]

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