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

Landlord’s threats of legal action amounted to harassment of tenant

The recent Court of Appeal decision in Metropolitan Housing Trust Ltd v Worthington (1) and Parkin (2) alerts landlords to the risk of their dealings with tenants amounting to unlawful harassment.  Housing Management and Litigation experts Karl Anders and Lucie Bryan explain and offer practical advice, which will be of particular interest for social housing providers […]

Cabot SPR appeal: A welcome outcome for unsecured lenders in Scotland

Walker Morris partner Rob Aberdein explains an appeal allowed by the Sheriff Appeal Court which clarifies that the “interventionist and problem-solving approach” required of sheriffs under the new Simple Procedure Rules Simple Procedure Rules (SPR) for low value claims does not extend to undefended claims.  The appeal concerned a number of test cases and will […]

Industry responds to SME access to the FOS

The FCA last week published a suite of responses it has received to a consultation paper (CP18/3) released in January this year setting out the FCA’s proposed changes to the jurisdiction of the Financial Ombudsman Service (FOS) to open the FOS complaints resolution process to small businesses (SMEs). The fourteen responses published come from a […]

Cyber security, separation and self-protection online

Social media has many benefits, enabling us to keep in touch with old and new friends alike, sharing special moments with ‘followers’, organising events or tracking exercise progress. However, there is a dark side to the web.  Every click, post or search adds to your very own digital footprint, this leaves everyone vulnerable to exploitation. […]

Romanian companies will be able to distribute dividends on a quarterly basis

The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]

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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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