Trowers & Hamlins international profits climb 1800% to £1.9m

Trowers & Hamlins has seen a dramatic turnaround in its non-UK financial results, with international profit climbing by 1800 per cent to £1.9m.

Latest Briefings

The economic substance requirements for Jersey partnerships

The Taxation (Partnerships – Economic Substance) (Jersey) Law 202- was lodged with the States Assembly on 18 May 2021 and, if passed, is expected to come into effect from 1 July 2021 (with a six month transition period to 1 January 2022 for partnerships established before 1 July 2021).

Tokenized copyrights: Linking an NFT to a copyright licence

In our last report on the NFT (Non-fungible tokens) self-experiment “Formulating a smart contract and minting an NFT”, we looked at what data is packed in a freshly minted NFT. In principle, it is possible to include an entire data set of an artwork (i.e. in our case the GIF) in an NFT and thus on the blockchain. We also pointed out that in our self-experiment we did not only link to the digital artwork but also attached a limited usage licence to the NFT (in the metadata; because otherwise the buyer of an NFT in general will not own any intellectual property respectively rights of exploitation or use to the artwork connected to the NFT).

Virtual Asset Service Providers become subject to registration requirements and AML/CTF obligations

On 23 April 2021, provisions of the Fifth Anti-Money Laundering Directive (5AMLD) were transposed into Irish Law by the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (CJA 2021), which amends the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (CJA 2010). Please see our recent briefing for analysis of changes introduced by 5AMLD: New Irish Anti-Money Laundering Rules.

Child maintenance: traps for the unwary

For parents, the child maintenance system can seem a vast and complicated system of ropes and pulleys for something they expect should be straightforward.

Recommended

Gubbins
2

Trowers to tie up with Devon’s Stones in £85m UK domestic push

Trowers & Hamlins is to merge with Devon firm Stones Solicitors in October, further bolstering its UK regional offering and creating an £85m revenue firm. The merged firm will be named Trowers & Hamlins and will consist of almost 690 staff and lawyers, including 130 partners across six UK offices initially. Stones has approximately 90 […]

Trowers & Hamlins’ international profit drops 96 per cent to £100k

Trowers & Hamlins’ international net profit has plummeted by 96 per cent from £2.5m to £100,000 in the last financial year. The firm, which has offices in Abu Dhabi, Bahrain, Dubai, Malaysia and Oman, revealed in financial information provided to The Lawyer that its non-UK practices generated just 0.5 per cent of its global profit […]

Malaysia

Trowers gains licence to become first qualified foreign firm in Malaysia

Trowers & Hamlins has become the first firm to be granted a qualified foreign law firm (QFLF) licence in Malaysia after changes to the way foreign firms can practise in the country last June. The licence was approved by the Malaysian Bar Council and is effective from 4 April 2015. It will last three years, […]

Find legal roles

Make your next move with The Lawyer Careers. Search and apply for thousands of vacancies, or receive email alerts for new roles when they go live. Whether you're looking at private practice, in-house legal or an exciting business support role, you'll find your future here.

Search vacancies