Simpson Thacher downsizes Sao Paulo launch

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Latest Briefings

Navigating a new reality in the client-empowered era

To thrive in the new era of the empowered client, law firms must make investments designed to modernise the way they run their firms and service their clients. This requires changing culture, developing new competencies, and operationalising new ways of working. Innovative technologies are key enablers to accelerating rms’ transformations in these areas. New research […]

Procurement and state aid update: preparing for Brexit

By David Kilduff, Richard Auton or Richard Butterworth On 13 September 2018, the UK government published further guidance on the future of public procurement in the UK in the event of a “no deal” Brexit. What next for UK public procurement? Under current rules, all procurement opportunities that fall within the scope of the EU procurement […]

Third-party redevelopment – Landlord may oppose tenant’s lease renewal

By Matthew Lonergan, Lucy Shepherd A recent case has confirmed that a landlord was entitled to oppose its tenant’s lease renewal under the Landlord and Tenant Act 1954 where redevelopment of the site was to be undertaken by a third party. Background The case of Santander UK PLC v LPS Estates Ltd concerned the security of […]

Data protection: sunset of £500k, dawn of GDPR enforcement and horizon of Brexit

By JP Buckley In just a short space of time, the ever-evolving world of data protection and cyber has seen yet more change: 1. Potentially one of the last enforcement actions under the Data Protection Act 1998 against Equifax – and a maximum £500,000 fine for them for failing to secure UK citizens’ personal data against […]

Officer of judgment debtor can be committed for failure to provide information – CoA

Deutsche Bank AG v Mr Alexander Vik [2018] EWCA Civ 2011 This judgment is the latest instalment in the long-running litigation between Deutsche Bank (“DB”) and the Monaco-based billionaire, Alexander Vik. In 2008, Mr Vik’s personal investment vehicle, Sebastian Holdings, Inc. (“SHI”), incurred huge debts to DB after it made a series of heavily loss […]

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Redundancies continue to hit mid-market players

Law firm redundancies have continued apace, with Addleshaw Goddard, Ashurst Denton Wilde Sapte and SJ Berwin all making cuts. Ashurst is set to cull 10 equity partners from its global ranks, while at Addleshaws 19 partners were asked to leave on the grounds of overcapacity. SJ Bewin has launched a series of consultations that could […]

Quinn Emanuel: double digit revenue, PEP hikes

US litigation firm Quinn Emanuel Urquhart Oliver & Hedges has reported one of the best sets of financial results for the 2008 financial year, with revenue up 15 per cent on the previous 12-month period. Revenue rose from $384.5m to $441.8m, while profit increased by 12.6 per cent from $248.2m to $279.5m. The firm’s equity […]

Cadwalader London: five ways to say goodbye

Losing seven partners from its City office highlights the frailties of Cadwalader’s global strategy. It also provides a perfect example of what not to do in the current economic climate. Two weeks ago The Lawyer exclusively revealed that seven partners from the London ;office ;of ;New York’s Cadwalader ­Wickersham & Taft handed in their resignations […]

Freshfields, Links team up on Xstrata rights issue

Mining group Xstrata is set to launch a £4.1bn rights issue, leading to mandates for magic circle rivals Freshfields Bruckhaus Deringer and Linklaters. Freshfields has emerged as the main corporate adviser to Xtrata, having worked on its hostile bid for Falconbridge in 2006. Corporate partner Julian Makin worked on that deal and has also been […]

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Freshfields to launch ‘cross fertility’ programme

Freshfields Bruckhaus Deringer is to launch an intensive two-week programme to reassure associates that they have a future with the firm. Freshfields Bruckhaus Deringer, the only magic circle firm not to have announced a major redundancy consultation, is to launch an intensive two-week programme to reassure associates that they have a future with the firm. […]

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