Trainee retention rates defy economic crisis

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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 […]

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Insolvency heritage pays off as DLA, Hammonds mop up the mandates

Mid-market firms are working their clearing bank contacts. It’s just like old times for insolvency professionals – the expected flow of mandates has undoubtedly begun. At the top end Linklaters (Lehman Brothers, Waterford Wedgwood) and Freshfields Bruckhaus Deringer (Woolworths) have made the most, but the rest of the headline work on high street names has […]

Rent-free deal to save Burges £12m on new HQ

Burges Salmon has cut a deal to save nearly £12m in rent as it prepares to move into its new office building in 2010. The firm negotiated a two and a half-year rent-free period as part of its 20-year lease at a new development in Bristol’s Temple Quay. As top-end office rates in the city […]

Romania Special Report: Late expectations

After 10 years of economic growth, international firms have finally started to flock to Romania. But with the global downturn beginning to have an effect, have they arrived too late? Romania has certainly made its fair share of headlines in the international legal press over the past 12 months. In the period before and after […]

CC, O’Melveny help raise £2bn for Actis

Clifford Chance and ­O’Melveny & Myers jointly advised emerging markets ­private equity house Actis on a $2.9bn (£1.99bn) fundraising for Actis Emerging Markets 3. Partners Jason Glover and Ed Gander and associate Peter Olds led the ­Clifford Chance team. ­O’Melveny & Myers was led by UK partners John ­Daghlian and Solomon Wifa and included US […]

Orrick boosts London revenue 14 per cent

Orrick Herrington & Sutcliffe’s London office has reported a 14.3 per cent revenue hike for the 2008 financial year. The US firm increased revenue in the capital from $35m in 2007 up to $40m for the last financial year. London’s total revenue represents 4.8 per cent of the firm’s total 2008 turnover of $835m. Earlier […]

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