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City reacts with frustration to Brexit white paper

Law Gazette News - Thu, 07/12/2018 - 16:56

Ditching mutual recognition ‘regrettable’, declares lobby group TheCityUK, as the Law Society forecasts a period of ‘tough negotiation’.

UK to explore Unified Patent Court options in Brexit negotiations

Out Law News Feed - Thu, 07/12/2018 - 16:47
The UK government will seek to ensure the country's continued participation in the Unified Patent Court (UPC) project after its EU membership ends as part of the broader Brexit negotiations, it has confirmed.

UK Brexit plan published, but 'major hurdles' remain

Out Law News Feed - Thu, 07/12/2018 - 16:42
The UK government has published "the most advanced vision for Brexit that it has articulated so far" in a new policy paper setting out its proposed future relationship with the EU, an expert has said.

Children's charity welcomes immigration legal aid 'U-turn'

Law Gazette News - Thu, 07/12/2018 - 16:02

Justice minister Lucy Frazer QC MP says LASPO will cover unaccompanied and separated children.

Rowlands Advisors LLC

FCA - Thu, 07/12/2018 - 15:56
We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers.

UK consults on post-Brexit nuclear safeguards regime

Out Law News Feed - Thu, 07/12/2018 - 14:41
More details of the domestic nuclear safeguards regime which will operate once the UK leaves the European Atomic Energy Community (Euratom) have been published by the government.

Linklaters sees PEP growth halt as firm cites impact of investment

Legal Week rss Feed - Thu, 07/12/2018 - 14:05
Firm posts 6% revenue rise as PEP falls for first time in almost 10 years

Companies urged to address risks when automating finance processes

Out Law News Feed - Thu, 07/12/2018 - 14:00
Companies looking to automate finance back-office processes must ensure that their contracts with software suppliers reflect the potential exposure to risk inherent in relying on technological solutions, an expert in technology contracts has said.

New restrictions to be placed on UK communications data access

Out Law News Feed - Thu, 07/12/2018 - 13:11
New restrictions are to be placed on accessing communications data in the UK after the government moved to implement an EU court ruling applicable to surveillance laws in place in the country.

Herbert Smith Freehills London public law head named in scam emails concerning fees

Legal Week rss Feed - Thu, 07/12/2018 - 12:44
SRA issues warning over emails requesting payment for work supposedly carried out by HSF

Law firm experience boosts in-house pay - report

Law Gazette News - Thu, 07/12/2018 - 12:36

Association of Corporate Counsel also finds a shrinking gender pay gap among newer lawyers.

Progress stalls on solicitor judges, latest diversity stats show

Law Gazette News - Thu, 07/12/2018 - 12:24

Judicial diversity figures released today show a fall in the number of court judges with a solicitor background.

Travers Smith boosts PEP by 24% as revenue soars to almost £150m

Legal Week rss Feed - Thu, 07/12/2018 - 12:15
City firm sees PEP rise to £1.2m after ninth consecutive year of revenue growth

PEP climbs 24% at Travers Smith

Law Gazette News - Thu, 07/12/2018 - 11:58

‘Silver circle’ firm continues trend of reporting increased profits.

City firm seeks shareholders for huge Glencore group action

Law Gazette News - Thu, 07/12/2018 - 11:33

Quinn Emanuel Urquhart & Sullivan is seeking shareholders for potential claim that could run into the billions and has a litigation funder on board.

Quinn Emanuel forms shareholder group to sue Glencore after bribery and corruption allegations

Legal Week rss Feed - Thu, 07/12/2018 - 11:21
US firm leads claim backed by litigation funder as mining giant turns to Linklaters

Profits soar at Addleshaws

Law Gazette News - Thu, 07/12/2018 - 11:08

International firm Addleshaw Goddard has today posted record results, with global revenue up 23% on last year to £242m.

Profit rose 36% to £87m, while the firm maintains strong cash reserves of £34m despite significant investment in staff and infrastructure.

Both revenue and profit have grown year on year for the past four years.

Addleshaws expanded into Scotland in June 2017 through a merger with HBJ. Throughout the year it has added 30 new partners across England, Scotland, Asia and the Middle East.

Managing partner John Joyce said: ‘Income is now nearly 50% greater than 2013, continuing the upward trajectory of the last four years in terms of higher revenues, improved profitability and stronger cash position.

‘This has been driven most recently by our successful expansion into Scotland, ongoing investment in priority sectors and global infrastructure, as well as in the further development of our “intelligent delivery” model [combining technology, process improvements and legal project management techniques], all of which is helping us to better support and service clients.’

He added: ‘Alongside new mandates and panel positions, it is particularly pleasing to see organic growth in key areas such as corporate and infrastructure which we will look to build out further this year, helped by the success we have enjoyed in adding substantially to the strength in depth of our partner team in the UK and internationally. They are all key developments and confidence has never been higher.

‘The firm’s platform has never been better and with the platform we have created we retain huge ambition to build further on it.’

Network Rail to appoint four firms to new 'innovation driven' legal panel

Legal Week rss Feed - Thu, 07/12/2018 - 10:43
Rail operator to tender for firms to advise on corporate functions and devolved route businesses from 2019 until 2024

Interest rate benchmark reform: transition to a world without LIBOR

FCA - Thu, 07/12/2018 - 10:16
Speech by Andrew Bailey, Chief Executive of the FCA, at Bloomberg, London - on transitioning from LIBOR to alternative interest rate benchmarks.

Dyson backs parliamentary group's plea for new financial services court

Law Gazette News - Thu, 07/12/2018 - 10:08

Small businesses have limited rights of redress in disputes with their lenders and only the establishment of a formal tribunal can resolve this, says parliamentarians’ report on fair business banking. 

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