US firms vie for bragging rights to staff bonuses

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Latest Briefings

Impact of DSARs in the GDPR Era

Since the General Data Protection Regulation (GDPR) went into effect this past May, there has been a significant uptick in the number of data subject access requests (DSARs). Due to these regulatory changes, along with steep fines and shorter deadlines to complete requests, the compliance burden on organizations has to be taken seriously. To effectively […]

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

Recommended

MFI reviews legal panel to save £5m in adviser fees

MFI is pursuing a major review of its external legal advisers as the FTSE 250 furniture retailer moves to slash professional advisory fees by at least £5m. The retailer’s sole in-house lawyer Adrian Thurston confirmed to The Lawyer that MFI is keen to consolidate its advisers in the hope that it can strike a deal on fees. […]

Law Soc council vote to review referral fees

An overwhelming majority of Council members today (Thursday 16 December) voted to review the Law Society’s position on referral fees. Following work carried out by the society’s Standards Board on ways to carry out the review, members voted by a majority of 68 votes to nine, with six abstentions, to undertake the review. Amendments proposed […]

Clementi: the results

Sir David Clementi has today (15 December) published his long awaited report on the regulatory review of legal services. In his report Clementi made the following key recommendations. The creation of : 1. a single independent body to handle consumer complaints in respect of all members of frontline bodies;2. alternative business structures to enable solicitors […]

Grief steak

It’s been a long time coming, but it seems lawyers are finally getting a taste of their own medicine. In September, after ordering a medium-rare steakburger from the Marriot West India Quay, Skadden Arps Slate Meagher & Flom partner Tim Sanders found himself slapped with a legal disclaimer. “Although we are happy to accommodate the […]

Thrill bill

Lawyers are no doubt sick to death of jokes about the word ‘solicitor’ and its connection with that other age-old profession, prostitution. A lawyer in the US, though, this year lived up to the title after being charged with solicitation. The lawyer, a former county prosecutor, allegedly offered to have sex with a 19-year-old client to enable […]

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