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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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Forster Dean CEO Greg Shields exits

The chief executive of Liverpool-based personal injury specialists Forster Dean, Greg Shields, has left the firm. A spokesperson for Forster Dean confirmed this afternoon that Shields no longer worked at the firm but could offer no more details at this time. Shields led the first pure management buyout of a law firm in the UK […]

London

A&O keeps associate salaries static after breaking trainee pay freeze

Allen & Overy has held associate pay levels at 2012/13 rates after unveiling its first increase in trainee salaries for the first time since 2010. Newly-qualified (NQ) lawyers will still earn £61,500, while associates with one year’s post-qualification experience (PQE) will receive £68,500. 2 and 3 PQE salaries remain at £74,500 and £86,000 respectively. Earlier […]

Shell

Royal Dutch Shell unveils new look panel

Baker & McKenzie, CMS Cameron McKenna and Debevoise & Plimpton are amongst the new firms appointed to Royal Dutch Shell’s revamped legal panel, which consists of more than 150 firms. Baker & McKenzie, CMS Cameron McKenna and Debevoise & Plimpton are amongst the new firms appointed to Royal Dutch Shell’s revamped legal panel, which consists […]

Matt Byrne
1

Promotions figures indicate bleak times

The general downward trend – at least in the UK – highlighted in this week’s partnership promotions feature didn’t obscure some major changes dotted throughout the annual rounds. No corporate partners made up at Travers; Ashurst now has more partners outside than inside the UK; and the first crop of Bond Dickinson freshers, with twice […]

Big Becks at Withers and Speechly?

Some deals make all the difference. Take football star David Beckham, who fast-tracked to celebrity with a series of lucrative partnership deals that transformed him into the chiseled jaw that sells pretty much everything. Despite calling time on his 20-year footy career, Becks’ million-dollar beard will continue to sell fizzy drinks and underpants from here […]

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