Ward Hadaway asks property staff to cut hours to stave off job losses

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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

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Macfarlanes drops out of million-pound club as PEP falls to £846,000

Macfarlanes has become the latest UK firm to fall below the million-pound mark in average profit per equity partner (PEP) terms. Charles Martin The silver circle firm has posted a 31 per cent drop in PEP, with the figure falling from £1.1m at the end of 2007-08 to £846,000 in the 2008-09 financial year. Total […]

Eversheds plans its first secondment to Indian ally

Eversheds is planning to send its first-ever secondee to an Indian law firm, with an assistant preparing to go to Khaitan & Co later this year. Four year-qualified ­associate Sandip Khroud will relocate to Khaitan in ­September for an expected three-month secondment. He will split his time between Mumbai and New Delhi. The move is designed […]

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Milburn: the law is too elitist

A new government paper has called on the legal industry to remove the barriers preventing those from poorer backgrounds joining the profession.  The report, chaired by social mobility czar Alan Milburn, said that high status professions like the law have a “closed shop” mentality and have become more elitist over time. It pointed to the […]

Burges Salmon’s PEP beats Osborne Clarke’s despite 23 per cent fall

Bristol headquartered Burges Salmon has overtaken local rival Osborne Clarke in terms of average profit per equity partner (PEP). Chris Jackson Burges Salmon unveiled its financial results today, with revenue falling by six per cent during the 2008-09 year from £68.2m to £64.2m. Partners also saw their personal income hit, with PEP falling 23 per […]

Litigation leads as BLG posts turnover rise

Barlow Lyde & Gilbert has posted a 6.4 per cent rise in turnover from £81.7m to £86.9m at the 2008-09 year-end. The litigation practice brought in the largest proportion of fees at £69.8m, 9.6 per cent above last year’s £63.7m. The corporate practice contributed £8.25m, while property was up marginally on the previous year, contributing […]

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