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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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Herbies, Taylor Wessing win Sheffield block sale

Herbert Smith and Taylor Wessing won mandates on the sale of the Sheffield building that ­houses DLA Piper’s offices in the city. Taylor Wessing advised longstanding client Canada Life on the £24m purchase of No 1 St Paul’s Place from fund manager Standard Life Investments, which was advised by Herbert Smith. Real estate partner and former group head John […]

A&O and Links act on £3bn RBS project finance sell-off

Allen & Overy (A&O) and Linklaters have advised on the sale of part of RBS’s £3bn project finance portfolio to Mitsubishi UFJ Financial Group. A&O advised Bank of Tokyo-Mitsubishi UFJ and Mitsubishi UFJ Securities International on the purchase of loans, related assets and associated derivatives. The portfolio is worth in excess of £3bn and relates […]

Norton Rose saw cash outflows of £17.5m in 2009-10, LLPs reveal

Norton Rose experienced a net cash outflow of £17.5m for the 2009-10 financial year, compared with an inflow of £2.4m in 2008-09, according to LLP accounts filed with Companies House. The outflow came on the back of a 19.6 per cent fall in profit from operating activities from £89.5m in 2008-09 to £72m in 2009-10. […]

Neville Eisenberg
6

BLP busts lockstep to pay top earner £1.6m

Berwin Leighton Paisner’s (BLP) top-earning partner took home £1.6m during 2009-10, a profit share 60 per cent above that paid to partners on the top rung of the firm’s modified lockstep. According to accounts filed with Companies House, the £1.6m represented profits allocated in the 2008-09 financial year, when plateau partners received a profit share […]

Harneys and Collas Day announce annual promotions

Harneys and Collas Day have kicked off this year’s offshore promotions round with the former adding three new partners and the latter one. Indira Birkwood, Nancy Erotocritou and Philip Graham have been made up in Harneys’ London, Cyprus and British Virgin Islands (BVI) offices respectively. The firm now has 27 partners. Birkwood and Erotocritou are […]

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