The sweet smell of distress sees vulture funds eye Sainsbury’s

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Latest Briefings

Government considering reintroducing employment tribunal fees

By David Smedley, Andrew Rayment It has been reported that the Government is considering reintroducing employment tribunal fees. No specific details have been provided but the Ministry of Justice has said that it is confident that a fee system can be found which does not deny claimants access to justice (the reason the original fee regime was […]

Microchipping: The future of employee surveillance?

By Stuart McBride Inspired by the initial move to microchip employees by a firm in Wisconsin last year; as many as 150 employees in the UK have already been fitted with microchip implants. As technology continues to impact the way we all work, there may be merits to the rumoured introduction. That said, there are […]

Experts’ Agendas: A warning from the bench

“it certainly should not become routine to provide two versions which, as here, travel over much of the same ground. That approach tests the patience of the experts (and frankly of the court); produces a lengthier joint statement; potentially increases costs and is simply not the best way to focus on the issues. I do […]

Court of Appeal has held that public policy interests do not justify the release of restrictive covenants

By Bill Howard, Michael Callaghan The Court of Appeal has held that public policy interests do not justify the release of restrictive covenants where a developer deliberately builds houses on land in breach of those covenants. Background Millgate, a property developer, obtained planning permission for, and then built, houses and flats on a development site. Part […]

GP/LP advice, women in PE and downstream trends

By Joanne Huckle More LPs are seeking independent legal advice.. Increasingly, I am instructed by LPs seeking their own Cayman legal counsel prior to committing capital.  It has always been a mystery to me why investors are willing to rely on the GP’s Cayman counsel when committing significant capital to a new fund.  As an attorney […]

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Firm profile: Margaret Bennett Solicitors

Margaret Bennett Solicitors can lay claim to being something of an anomaly. In fact, all the lawyers at the family law specialist are women. The London firm has gone from strength to strength since it was founded in 1990 by Margaret Bennett, the eponymous senior partner and sole member of the equity. After leaving the […]

Shearman unveils new global management team

Shearman & Sterling has unveiled its new global management team with German partner Georg Thoma and New York-based John Madden appointed co-managing partners of the firm. Corporate partner Thoma established Shearman & Sterling’s German operation in 1991 and served as European managing partner from 1994 to 2000. He will continue in his role as managing […]

British Energy legal fees to hit £60m

Legal fees for the mammoth British Energy restructuring are about to overtake the payout to law firms on Marconi. Advisory fees to law firms on the Marconi restructuring totalled around £56m, of which £31m went to Allen & Overy. It is understood that costs on British Energy, which are particularly controversial as they are footed […]

Lovells accused of ‘drafting witness statements’ as Villalba draws to close

Counsel for Stephanie Villalba, the former investment banker suing Merrill Lynch in a record £7.5m discrimination claim, last week made a closing statement alleging the bank’s law firm Lovells had “centrally drafted” witness statements. Dinah Rose of Blackstone Chambers, instructed by Lewis Silkin, told the employment tribunal in Croydon that there was “strong evidence” that […]

Doing things by half

Masons, in the run-up to its incomprehensible merger with Pinsents, continues to show admirable precision in its press releases. In a tome that reached Lawyer Towers last week, the firm announced the hire of Yvonne Dunn. The former Wright Johnston & Mackenzie partner joined the firm’s (that’s Masons’) Glasgow office as its first appointment since […]

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