US invasion sees rise in £1m partner club

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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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Burness overhauls management team

Scottish firm Burness has reshuffled its management team, after promoting former head of property Ian Wattie to managing partner at the start of August. Partner Richard Rennie becomes the new head of property, with head of banking Scott Wilson elected onto the newly-created governance and strategy board. Wilson joins Wattie and firm chairman Philip Rodney […]

Milberg Weiss former name partner defects to A&O

Allen & Overy (A&O) has boosted its New York litigation department, hiring former name partner of Milberg Weiss Bershad & Shulman Patricia Hynes. Hynes joins A&O as senior counsel, focusing on the magic circle firm’s white collar crime and financial services regulation practice. She is one of the most prominent lawyers to leave Milberg Weiss […]

United States

Transatlantic relations are under pressure. As Deputy Prime Minister John Prescott criticises US handling of the Middle East, UK in-house lawyers are running scared over the prospect of the long arm of US law. The extradition of the NatWest Three in July after three years in the long shadow cast by Enron sent shockwaves through […]

Martineaus wins £1.7m from landlord

Midlands firm Martineau Johnson has received a £1.7m windfall from its Birmingham landlord following a breach of covenant. The payoff comes after regional rival Cobbetts moved into the 193,000sq ft One Colmore Square office at the same time as Martineaus in September 2004, which was in breach of a contract struck between Martineaus and landlord […]

Barclays turns to Linklaters for derivatives lawsuit defence

Linklaters for derivatives lawsuit defence” />Linklaters has bagged the mandate from Barclays to defend it against a second major derivatives lawsuit in as many years. The magic circle firm is acting for Barclays Capital as it fights off a E36.2m (£24.4m) claim from Italian bank Banca Popolare di Intra (BPI) over collateralised debt obligations (CDOs). […]

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