Wilson Sonsini to rake in $20m from Google shares

Wilson Sonsini took an equity investment in the world’s leading search engine when it advised Google prior to its launch in 1999. This will now net Wilson Sonsini the biggest windfall a law firm has had from such an investment, often made in lieu of fees.

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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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Bank of England appeals to Lords

The House of Lords last week agreed to hear the Bank of England’s appeal in the BCCI Inquiry, which could have vital ramifications for legal privilege. However, Lovells partner Christopher Grierson, who represents BCCI’s creditors, disputed claims that the Court of Appeal’s earlier restriction of legal privilege in the BCCI case could ever have had […]

Deloitte’s French legal arm finalises split from audit business

Deloitte Touche Tohmatsu in France has completed the separation of its audit practice and its tax and legal division, Deloitte & Touche Jouridque & Fiscal. The law firm, which comprises about 10 per cent of Deloitte’s business in France, has been rebranded as TAJ. The relaunched TAJ will have 370 lawyers and offices in Paris […]

Deloitte France ends accounting-law link

Deloitte Touche Tohmatsu in France has finalised the split between its audit practice and its tax and legal division Deloitte & Touche Juridique et Fiscal. The law firm, which comprises around 10 per cent of Deloitte’s business in France, has been rebranded as TAJ. The 30-partner firm has voted in Anne Vaucher as its president. […]

SJ Berwin sustains more losses to Olswang

Olswang has taken another SJ Berwin lawyer, this time recruiting a film finance expert. SJ Berwin associate James Kay is joining Olswang where he will become a partner. Kay, on moving from Olswang, will be reunited with former SJ Berwin film finance partner Jacqueline Hurt. Since its inception in 1981, a plethora of lawyers have […]

Latham suffers rare partner departure as Sidley Austin swoops

Latham & Watkins has been hit by a rare partner departure with the loss of a New York-based real estate finance lawyer to Sidley Austin Brown & Wood. Sidley Austin’s 30-plus strong executive committee last week approved the hire of Brian Krisberg who has been with Latham since 1996 following a stint at Milbank Tweed […]

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