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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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Axiom Legal: New model army

Axiom Legal’s unique approach does away with partners and billing targets and offers lawyers attractive working conditions. Could it revolutionise the profession? Axiom Legal’s founders came up with an astonishing idea. Imagine a law firm in which there are no partners, no billing targets and no lockstep to worry about. Imagine, as a client, being […]

BLP suffers drop in profits

Berwin Leighton Paisner has suffered a drop of six per cent in its PEP from £660,000 to £620,000 this year, despite a 10 per cent rise in revenue to £186m. A spokesperson at the firm said: “This comes in a year when we have invested heavily in our international strategy, in coaching, mentoring and in […]

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Lawyers force FSA to defend short-selling ‘quick fix’

The Financial Services Authority (FSA) has provoked a storm of protest from City law firms with its new rules on short-selling. Since making the shock announcement last week, the regulator has been inundated with questions and yesterday was forced to release a second statement to clarify its position. The new regime, which comes into force […]

Dundas and Harper Mcleod lead strong year for Scots

Scotland’s largest firm Dundas & Wilson has announced a 23.6 per cent revenue hike to £74.8m from £60.8m the year before. The rise confirmed a strong year for the Scottish firm, which recently boosted its ranks with the lateral hires of employment partner Robert Davies from Clifford Chance and Colin Boyd QC, the former Scottish […]

Holyrood paves the way for ABS legislation

#Detailed proposals for the introduction of alternative business structures (ABS) in the Scottish legal market will be drawn up following a Holyrood debate. The Scottish government’s justice secretary Kenny MacAskill introduced a parliamentary debate that will pave the way for legislation on ABS. Last month members of the Law Society of Scotland voted in favour […]

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