Steptoe sets up in NY with fraud focus

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Latest Briefings

Lisbon Annual Report: Riding the wave

For VdA’s executive group partner, “law firms are under pressure to provide a top quality service, more efficiently”. The article analyses the portuguese market on business advocacy, after consulting some lawyers of the best portuguese law firms. The biggest law firm in Portugal are experiencing substantial growth, but managing partners are well aware that a downturn in […]

Portugal: Patent litigation law review

By António Andrade, Marta Alves Vieira The Portuguese patent litigation system has some particularities that make it a rather unique system. In Portugal, patent litigation generally takes place before the Intellectual Property Court (the Court). This specialised state court, with jurisdiction at a national level, has been operating in Portugal since 30 March 2012 and is […]

Can commonhold be reinvigorated?

By Michael Callaghan and Melissa Barker The Law Commission has issued a substantial consultation seeking to improve the manner in which the commonhold system operates and to persuade existing leaseholders to move to a commonhold structure. Background Commonhold is an alternative to long leasehold ownership of property. Instead of a landlord and a number of tenants, […]

In what circumstances can additional administrators be appointed?

By Simon Clark, Gawain Moore According to a recent case, Zinc Hotels (Investment) Limited and others v Beveridge and others [2018] EWHC 1936 (Ch), the court does not have power to appoint additional administrators except within the constraints of paragraph 103 of Schedule B1 to the Insolvency Act 1986. Where administrators are appointed out of court by the […]

What is the extent of a secured creditor’s equitable duty to a guarantor?

By Simon Clark, Gawain Moore In General Mediterranean Holding SA SPF v Qucomhaps Holdings Ltd[2018] the Court of Appeal had to consider if and when a commercial lender’s acts or omissions in relation to its security will release a guarantor from its obligations. The court found that in the absence of express terms, any equitable duty […]

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Martineau Johnson – UK 100

Turnover: £18.6m Profit per equity partner: £170,000 Equity spread: £160,000-£175,000 Net profit: £5.4m Profit margin: 29 per cent Salaried partner remuneration: None. Revenue per lawyer: £194,000 Revenue per partner: £454,000 Revenue per equity partner: £1,329,000 Cost per lawyer: £138,000 Profit per lawyer: £56,000 No of partners: 41 No of equity partners: 14 No of female […]

BCCI/Bank of America case reaches shock agreement

As the BCCI liquidator’s case against the Bank of England rumbles on, a surprise settlement has been reached in its parallel case, BCCI’s massive claim against Bank of America. In terms of scale, amount of legal fees, and some allegations, the Bank of America case mirrors the case against the Bank of England. The case […]

Exchange Chambers – UK 100

Turnover: £13.1m Heads of chambers: David Turner QC and Bill Braithwaite QC. Total tenants (silks): 76 (11) Door tenants: Two Chambers contributions: 12.1 per cent Revenue per barrister: £172,000 Top cases last year: Tomlinson v Congleton Borough Council; Cream v Liverpool Echo; R v Petrie Petrie & Cooke; R v Taylor, Dolan and Abbott; R […]

XXIV Old Buildings – UK 100

Turnover: £9.3m Heads of chambers: Alan Steinfeld QC and Martin Mann QC. Total tenants (silks): 30 (7) Door tenants: One Chambers contributions: 12.1 per cent Revenue per barrister: £308,000 Top cases last year: IPOC v Alfa; Jordan v Vodaphone; Schmidt v Rosewood Trust; Criterion properties v Stratford Properties; AWG v Sir Fraser Morrison; Phillips, Harland, […]

Morgan Lewis – UK 100

UK/global turnover: £9.5m/£385m UK/global PEP: £640,000/£503,000 UK/global revenue per lawyer: £365,000/£362,000 UK revenue per partner/equity partner: £1m/£1.9m Global revenue per equity partner: £1.9m UK/global number of partners: 5(9)/204 UK/global number of lawyers: 26/1,063 UK number of staff: 16 plus six from an outsourcing company. UK/global leverage ratio: 1:4.2/1:4.2 UK equity partner to staff ratio: 1:3.2 […]

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