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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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Careers: in brief

Wrexham’s largest law firm, Gwilym Hughes & Partners, has been recognised for its expertise in child law. Head of the family law department John Lancaster has been a member of the Law Society-accredited panel for child law for 10 years. He has now been selected as a children’s representative, allowing him to represent not only […]

Mystery man in mysterious van

Last week’s front page story about Lovells’ half-year performance may have sent a shudder down the spines of its partners, but rumours that one has taken up residence outside the firm in a van in order to bill more are believed to be exaggerated. Nevertheless, reports reach Tulkinghorn that there is indeed a mysterious individual […]

Addleshaws predicts £400K PEP for 2004-05

Addleshaw Goddard is predicting an average profit per equity partner (PEP) of £400,000 after the firm posted a 13 per cent increase in turnover in the first half of the year. During the last full financial year, Addleshaws’ PEP after exceptional merger costs was £302,000 (the PEP before exceptional costs stood at £321,000). As first […]

CC, Linklaters on first CLO of PFI loans for Depfa Bank

Clifford Chance and Linklaters have worked on the £391.7m collateralised loan obligation (CLO) of PFI loans – the first ever synthetic risk transfer within that asset class, which will boost the growing secondary PFI market. The securitisation comprises 24 PFI loans made by Depfa Bank across a number of sectors, including schools, hospitals, roads, police […]

Wragges partners give way to profits

Birmingham giant Wragge & Co has become the latest firm to resort to managing out partners in a bid to bolster profits, The Lawyer can reveal. The programme has so far resulted in six partners exiting the 117-partner firm since the start of the current financial year. However, it is understood that, by April 2005, at […]

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