White & Case City office bears brunt of NY lag

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Latest Briefings

Policies for streamlining operations of PSCs

On 18 July 2018, the Cabinet Committee on Economic Affairs approved policy framework for streamlining operations of production sharing contracts (PSCs) for increased domestic production of hydrocarbon resources (Policy). By way of background, the Government of India had awarded 28 exploration blocks (13 offshore and 15 onshore) to private companies between 1980. This was prior […]

Amendments to IBBI Regulations, 2016 – CIRP Regulations

By Ashwin Bishnoi, Shruti Singh, Charu Chitwan The Insolvency and Bankruptcy Board of India (IBBI) notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018 (Amendment Regulations) on 4 July 2018 to amend the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) for the third time this year. Primarily, the […]

Why Offshore for Fintech?

Fintech is changing the way banking and financial services businesses are operating at an incredible pace. There are many challenges and opportunities that face financial institutions, business, investors and start-ups. As with much new technology, the speed of change frequently outstrips the legal and regulatory landscape and fresh approaches are often required to adapt. With […]

Cayman Islands investment funds – Changes to the AML Regime

A number of significant changes to the anti-money laundering regime applicable to Cayman Islands investment funds were introduced towards the end of 2017. The key changes are: • Unregulated investment funds will be subject to the Anti- Money Laundering Regulations, 2017 (as amended, the “AML Regulations”) from 31 May 2018 • The Cayman Islands Monetary […]

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Orrick promotes 13 in latest partnership round

Orrick Herrington & Sutcliffe has made up 13 lawyers to the partnership in the firm’s latest round of promotions. Orrick Herrington & Sutcliffe has promoted 13 lawyers to its partnership in the latest round of promotions. All but one of the promotions were made in the firm’s US offices, with Los Angeles, San Francisco and […]

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Legal profession’s elitism gap gets wider

The legal profession is even more elitist than other professions – and the gap has widened in the last decade. Research conducted for The Lawyer by the Centre for Market and Public Organisation (CMPO) at Bristol University, taking wealth to be an indicator of social standing, compared the average monthly family income for lawyers born […]

Weil London achieves 22 per cent PEP hike

Weil Gotshal & Manges has posted a 22 per cent hike in average profit for the 2008 financial year. The US firm’s London office grew profit per equity partner (PEP) from £1.35m in 2007 up to £1.65m last year. Weil’s revenue saw a 2.3 per cent increase from £57m last year to £58.3m in 2008. […]

Charles Russell moots four-day week to stave off redundancies

Charles Russell moots four-day week to stave off redundancies” />Charles Russell has given lawyers the option of a four-day week as it starts redundancy consultations with an unspecified number of staff. The firm refused to reveal how many lawyers are in redundancy talks, although it did confirm that a number of partners, fee earners and […]

Osborne Clarke outsources 75 support staff

Osborne Clarke has agreed a £50m that will see it transfer 75 support staff to outsourcing company Integreon. Former Osborne Clarke chief operating officer Chris Bull will join the US-headquartered legal process outsourcing (LPO) company in the role of European chief operating officer as part of the seven-year deal. Managing partner Simon Beswick said the […]

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