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Gateley seals deal for HR consultancy in fourth post-IPO acquisition

Legal Week rss Feed - Tue, 07/10/2018 - 13:17
AIM-listed firm continues to branch out from law with takeover of human capital consultancy firm

David Charles Cars

FCA - Tue, 07/10/2018 - 13:07
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.

Macfarlanes posts PEP of £1.7m as Mills & Reeve boosts staff bonus pot

Law Gazette News - Tue, 07/10/2018 - 12:37

Strong year for Macfarlanes and Mills & Reeve sees staff bonuses increase.

Sexual misconduct 'rife' in large City firms, former junior lawyer tells MPs

Law Gazette News - Tue, 07/10/2018 - 12:33

House of Commons women and equalities committee publishes evidence submitted for its workplace harassment inquiry.

Dechert applies to US court to subpoena Sunday Times journalist after ENRC leak allegation

Legal Week rss Feed - Tue, 07/10/2018 - 12:28
US law firm follows mining company in applying to subpoena journalist for leaked documents

Non-UK property companies: draft legislation brings profits within corporation tax

Out Law News Feed - Tue, 07/10/2018 - 12:24
Non-UK resident companies carrying on a UK property business will be subject to corporation tax on their income from April 2020 and capital gains derived from UK commercial property will be subject to UK tax from April 2019, draft legislation published last week confirms.

Employers fined almost £2 million as record number of workers underpaid

Out Law News Feed - Tue, 07/10/2018 - 12:12
The UK government has fined 239 employers a total of £1.97 million after it found 22,400 workers were cumulatively underpaid £1.44m from what they were entitled to under National Minimum Wage and National Living Wage legislation.

Figure reveal elite HMRC unit 'on the attack' on offshore assets

Out Law News Feed - Tue, 07/10/2018 - 12:06
HM Revenue & Customs (HMRC) has launched 839 investigations into UK taxpayers holding their assets offshore in just a year, according to figures obtained by Pinsent Masons, the law firm behind Out-Law.com.

No more sip tests? ID card pilot to help jump the court queue

Law Gazette News - Tue, 07/10/2018 - 12:06

Test scheme expected to be rolled out next month for solicitors and barristers entering court buildings.

EU workforce retention essential as visa pressure continues

Out Law News Feed - Tue, 07/10/2018 - 11:22
The planned introduction of post-Brexit 'settled status' for European workers will create more recruitment and retention opportunities for UK employers, an expert has said.

FCA seeks to clarify approach to regular premium PPI complaints

Out Law News Feed - Tue, 07/10/2018 - 11:16
Consumers with payment protection insurance (PPI) policies may be entitled to compensation if they have not been told that their ongoing premium payments include an element of commission, under new Financial Conduct Authority (FCA) proposals.

Funder Augusta raises £150m from single investor

Law Gazette News - Tue, 07/10/2018 - 11:12

Litigation funder Augusta has raised £150m from a single investor to add to its litigation warchest, it revealed today.

It is understood that the cash has come from a blue chip investor.

Augusta set up in 2014 and has so far committed £98m in funding for 162 cases. Until now, it has mainly targeted small to medium sized cases, primarily with damages worth between £500 to £1 million.

Managing director Robert Hannah told the Gazette that the latest investment would boost the funder’s ability to also finance large claims. ‘We are climbling up the ladder [in terms of case value], but we are still sticking to our roots,’ he said. ‘We are still happy to fund small and medium sized cases because there is still such a demand for this.’

Following the £150m cash injection the funder will be moving to new London premises in September, and plans to double the number of staff in the capital, currently at 37, in the next 12 months. It will also be significantly expanding its Sydney office, where there are 11 staff at present.

Augusta funds commercial litigation and arbitration both on an individual basis and on a portfolio basis in partnership with law firms. 

Augusta is the third funder to announce a new fundraise this year, with Harbour Litigation Funding having raised £350m in May, and Therium having completed a first close of a new £300m fund in February.

Magic circle PEP hikes, the associate pay conundrum and more #MeToo - the best of Legal Week last week

Legal Week rss Feed - Tue, 07/10/2018 - 10:50
The best news interviews and analysis from Legal Week and ALM over the last week

Macfarlanes' PEP soars to record levels as revenue climbs 20%

Legal Week rss Feed - Tue, 07/10/2018 - 10:39
PEP climbs to £1.74m after strong financial year

Listed firm acquires headhunter and business psychologists in £3m deal

Law Gazette News - Tue, 07/10/2018 - 10:23

Staff moved into Gateley’s London office as expansion continues.

Freshfields high-yield heavyweight Ward McKimm leaves for Shearman

Legal Week rss Feed - Tue, 07/10/2018 - 09:40
High-yield star becomes latest partner exit from magic circle firm

Rights holders face extra burdens under new WHOIS data plan

Out Law News Feed - Tue, 07/10/2018 - 09:34
ANALYSIS: Businesses are likely to encounter additional barriers when seeking to enforce their intellectual property (IP) rights under any new plans that are drawn up for accessing 'WHOIS' data.

Court finds abuse of process did not affect limitation period

Law Gazette News - Tue, 07/10/2018 - 09:13

Guidance from Court of Appeal now required, says Mr Justice Andrews.

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