Thespians play leading roles in law firm pitches

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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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Council absence was unavoidable

I want to clarify the position of the council members who were unable to take part in the council meeting on the future of professional indemnity. The date of the council meeting was re-arranged in January, which caused difficulties for some members. Nine could not attend due to unavoidable commitments, such as clients’ court dates, […]

The firm

The Lawyer: Can we talk about The Firm’s commitment to pro bono? Mr Pratchard: Pro bono? Isn’t that one of Henderson’s Sicilian clients? The Lawyer: No, it’s Latin. It means work for which you don’t get paid. Mr Pratchard: Someone’s not been paying us? We’ll sue the pants off them! The Lawyer: No, I mean […]

Square Mile

One of the most important elements which makes a law firm successful is internal communication. The profession has always lagged behind industry. For decades, companies have pinned their productivity figures to shop floor noticeboards, and internal newsletters long preceded the microchip and the robot. Managers have been subjected to regular, written assessments for a generation, […]

Rivals reject Thompsons excuses for partner cull

PERSONAL injury firms have reacted with surprise to trade union practice Thompsons’ decision to cull 11 equity partners.Thompsons, which has 55 equity partners and 15 offices, blames the Woolf reforms for the “voluntary” resignations, which, it says, have already been agreed.But rival firms argue it has been top heavy for some time.Thompsons claims that other […]

Legal image suffers at expense of self-interest

The Lawyer will no doubt be accused of lawyer-bashing yet again this week because of the damning report on the lack of pro bono work carried out by the profession (pages 12-14). No one wants to confront the truth, but the facts speak for themselves. The Lawyer’s survey of the profession’s commitment to working on […]

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