Wragges lays off 24 in wake of soaring staff costs

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Latest Briefings

Putting data to work

By Nicholas d’Adhemar Technology is dramatically changing the practice of law. Big data, machine learning, smart contracts and Artificial Intelligence are all making the assimilation and interpretation of large amounts of unstructured data much easier. Some doom-mongers see this as the end of the traditional practice of law. We believe, rather, that the trend will be […]

The Romanian Competition Council never rings twice

By Georgiana Badescu, Mona Banu, Volker Weiss This is how it all starts: with a ring at the door We can only imagine how big the surprise must be when you find out that your Belgium-based office is being raided in an investigation by the Romanian Competition Authority. But it is a fact that the […]

E-mobility market in Portugal – An overview

By Manuel Santos Vitor, Catarina Cortez Gamito Historical and legal background One of the main national priorities in what concerns the Portuguese electricity sector is the development and full implementation of a strong electric mobility (‘e-mobility’) market. This priority largely results from the government concerns associated not only with the environment (ie, reduction of greenhouse gas (GhG) […]

New Jersey LLC law strengthens the Island’s offering to US managers

By Matthew Shaxson Jersey’s new LLC law strengthens the Island’s offering to US managers to build on the £169 billion of US assets and funds already administered here, says Ogier partner Matthew Shaxson. The Island’s legislature gave final approval to the new LLC structure, which largely mirrors the existing Delaware model, last week. With a significant […]

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

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Clifford Chance slashes US bonus

Clifford Chance slashes US bonus” />Clifford Chance has followed the New York trend and halved year end bonus pay-outs for its US associates. The magic circle firm will provide bonuses ranging from $17,500 (£12,000) for first year associates to $32,500 (£22,000) for the most senior class. Last year bonuses ranged from $32,000 (£24,000) to $65,000 […]

Moves roundup: 8th December 2008

Field Fisher Waterhouse has boosted its life sciences capability by taking on partner Alison Dennis. She joins the firm’s competition and EU ­regulatory group from Reed Smith, where she was promoted to partner in 2006. Move of the week Field Fisher Waterhouse has boosted its life sciences capability by taking on partner Alison Dennis. She […]

Radcliffes builds up practice with architect hire

Westminster-based RadcliffesLeBrasseur has recruited an architect to its construction practice. Don Hands has joined the firm as a consultant architect and will provide an interface between the firm’s architect clients and the practice. Radcliffes ;head ;of ­construction Gordon Hall said: “Architects can be shy of lawyers because they think the experience could be expensive in […]

4

City firms worst on carbon, first LSA report reveals

A&O, Lovells, Slaughter and May and Freshfields Bruckhaus Deringer have the largest carbon footprints per member of staff, it has emerged. Allen & Overy (A&O), Lovells, Slaughter and May and Freshfields Bruckhaus Deringer have the largest carbon footprints per member of staff, it emerged today, as 18 top firms published their carbon footprints for the […]

UK firms face annus horribilis as managers face facts

Cost-cutting and consolidation will shape 2009 legal market; more job cuts inevitable. Law ;firms ;across the market are bracing ­themselves for a gloomy 2009, with even the most optimistic ;managing ­partners admitting that the outlook is bleak. At the beginning of this year firms were banking on geographic diversification as a means of mitigating tumultuous […]

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