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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 […]

Recommended

Dentons woos former partner from Eversheds

Denton Wilde Sapte has rehired former partner Stephen Webb, while at the same time losing restructuring partner Michael Rutstein to Jones Day‘s London office. Planning lawyer Webb has returned to the firm following a two-year stint at Eversheds, where he was a fixed-share partner. He decided to move back to Dentons after being offered equity […]

Travers latest to make LLP switch

Travers Smith has re-written its partnership agreement as it becomes the latest City firm to convert to a limited liability partnership (LLP). Travers set up a special committee to handle the conversion, headed by managing partner Chris Carroll and corporate partner Oliver Barnes, alongside partnership manager David Thomas and recently-retired property partner Robert Harman. Barnes […]

Clarification

Last week (23 June) The Lawyer reported that 7 Bedford Row (7BR) had witnessed a drop in turnover of 9.7 per cent, down from £15.5m in 2006-07 to £14m in 2007-08. In fact, the figure provided by the set was not like-for-like with the previous year’s figure, as it did not include VAT. Taking VAT […]

New qualifications

The Irish Financial Regulator has introduced a raft of features to make its qualifying investment fund more attractive. Constructing an investment fund product requires the consideration of a number of competing issues. This can result in compromises that could impact on a product’s performance and return to its investors. The importance of providing a flexible […]

3

Hammonds posts 9 per cent drop in PEP

Hammonds’ average profit per equity partner (PEP) plummeted by £37,000 in the past financial year while global turnover saw a 3.4 per cent rise to £132m. The firm blamed a variety of infrastructure investments, its Spanish office, a difficult market and the reorganisation of its equity structure for a 9 per cent drop in PEP […]

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