The policy for bar mergers

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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

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Manches

Manches represented Durlacher on establishing a separately funded vehicle to invest in the European applications service providers (ASP) market. The new venture, entitled App-X, has received £10m from private investors, which will eventually hold a 62.5 per cent stake in the vehicle. Durlacher has invested £600,000 in cash and a percentage of its minority stakes […]

Measuring the judgement

As a frequent attendee at court, I am astonished at the inaccuracies that occur when metres are converted to yards, and vice versa, mainly during motoring offence hearings. These inaccuracies would appear to be occurring within a (middle-aged) group who were educated in imperial units rather than metric, but as these mistakes might have an […]

CC penalises equity partners over £200m billings backlog

Equity partners at Clifford Chance will miss out on their quarterly profit payments after creating a lock-up lag of 20 weeks, representing app-roximately £200m in unpaid bills. Lock-up represents the period from time recorded to cash collection, which has lengthened considerably at the firm since its merger. Equity members were due to receive their payments […]

Scuffle of the week

Channel Islands v European Union. A proposal by the European Union to create a system to exchange information between tax collectors and bankers has been angrily refused by the governing parties of the islands of Jersey and Guernsey. The islands, regarded as a tax haven for the rich, have vowed to resist any efforts made […]

It's been a bad week for….

Mohammed Al Fayed, who has lost another Appeal Court hearing in his application for British citizenship and a passport. Three judges, upheld Jack Straw’s earlier decision on the grounds that Fayed was not of “good character”. Fayed described the verdict as “disproportionate and irrational”. The House of Lords. Due to an increase in the number […]

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