UK braced for downturn as redundancies hit US

The turmoil in the US legal market hit a new peak last week when Chicago-based firm Sonnenschein Nath & Rosenthal announced that it was cutting 31 lawyers and 93 support staff from core practices.

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Latest Briefings

Landlord’s threats of legal action amounted to harassment of tenant

The recent Court of Appeal decision in Metropolitan Housing Trust Ltd v Worthington (1) and Parkin (2) alerts landlords to the risk of their dealings with tenants amounting to unlawful harassment.  Housing Management and Litigation experts Karl Anders and Lucie Bryan explain and offer practical advice, which will be of particular interest for social housing providers […]

Cabot SPR appeal: A welcome outcome for unsecured lenders in Scotland

Walker Morris partner Rob Aberdein explains an appeal allowed by the Sheriff Appeal Court which clarifies that the “interventionist and problem-solving approach” required of sheriffs under the new Simple Procedure Rules Simple Procedure Rules (SPR) for low value claims does not extend to undefended claims.  The appeal concerned a number of test cases and will […]

Industry responds to SME access to the FOS

The FCA last week published a suite of responses it has received to a consultation paper (CP18/3) released in January this year setting out the FCA’s proposed changes to the jurisdiction of the Financial Ombudsman Service (FOS) to open the FOS complaints resolution process to small businesses (SMEs). The fourteen responses published come from a […]

Cyber security, separation and self-protection online

Social media has many benefits, enabling us to keep in touch with old and new friends alike, sharing special moments with ‘followers’, organising events or tracking exercise progress. However, there is a dark side to the web.  Every click, post or search adds to your very own digital footprint, this leaves everyone vulnerable to exploitation. […]

Romanian companies will be able to distribute dividends on a quarterly basis

The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]

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Reid Minty issues ‘come and get us’ merger plea

West End litigation boutique Reid Minty has taken the novel step of putting itself up for sale. In an advertisement published in The Lawyer (24 May), the firm said it was looking to merge with an international or regional UK firm “seeking a modern, profitable and up-and-running London base”. Reid ;Minty ;owns 27,000sq ft of […]

Links to take CC’s crown?

Clifford Chance is the first of the magic circlers to announce its financial results for the past year and, while it’s posted reasonably robust figures, it looks like Linklaters could be in with a chance of surpassing it as the UK’s number one firm. Top of the PEPs Revenue PEP Table Clifford Chance is the […]

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Ex McGrigors chief, banking partner join Eversheds

Eversheds” />McGrigors’ former managing partner, Colin Gray, has left the firm for a role at Eversheds, where he will be joined by McGrigors banking partner Colin McKay. Gray led McGrigors for two four-year terms, initially as chief operating officer of KPMG tie-up KLegal, then as managing partner of McGrigors when the tie-up was dissolved. He […]

Latham reveals restructuring ardour

Next month in London, a rather swanky West End hotel will play host to a panoply of insolvency and restructuring specialists keen to offer their insights into the state of the market

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