US firm Davis Polk is to break into the London trainee market with a scheme that will offer a newly qualified salary of £100,000. Trainee lawyers will be offered a salary of £50,000 in the first year rising to £55,000 in the second. At £100,000 Davis Polk sits at the top of the NQ salary […]
Freshfields Bruckhaus Deringer has appointed its new global chief information officer (CIO) to replace outgoing chief Paul Domnick. Richard Harris has been elected with immediate effect to take over the leadership of the firm’s IT team across the firm’s 27 offices. He was previously global head of IT customer services and also the regional IT […]
In advance of the Convergence 2013 ILS event in Bermuda on 13 and 14 November, Chris Garrod, head of Conyers Dill & Pearman’s Bermuda insurance practice, has discussed the rise of insurance-linked securities (ILSs) in Global Reinsurance magazine. Garrod said that over the past few years, the industry has seen an increasing number of fund managers […]
The UK government announced late last year that it would seek to make arrangements for the automatic exchange of information with its overseas territories. The UK’s legislation is modelled after and applies similar information sharing techniques to those incorporated in the US Foreign Account Tax Compliance Act (FATCA); such arrangements have come to be known […]
On 5 November 2013, the Financial Conduct Authority (FCA) published a further consultation paper containing updated proposals on changes to the UK Listing Rules, focusing on premium listed companies with controlling shareholders. The consultation paper (CP 13/15) contained its views on responses to an earlier consultation published in October 2012 (CP 12/25) in the form […]
The European Commission is considering amending the EU Merger Regulation (EUMR) to allow it also to review certain acquisitions of non-controlling minority shareholdings. This update briefly summarises the various possible review mechanisms being considered by the Commission as well as the major concerns raised by third parties in a recently completed consultation process. Under the […]
A new private sector chair — Prof David Lock QC of No5 Chambers — takes to the helm at Innovation Birmingham, as the planning application for the iCentrum building is prepared. The new chair has been selected by Birmingham City Council. Lock leads No5 Chambers’ public and administrative law group across the firm’s London, Bristol and Birmingham offices. […]
Paula Barrett, international head of privacy and information law at Eversheds, has commented following controversial amendments to a draft internet privacy bill in Brazil. Barrett said: ‘This latest twist in the Marco Civil proposals, if adopted, could be far-reaching, not just hitting well-known US consumer-facing technology business, but adding greater cost burdens to other international […]
Shoosmiths has been appointed to advise the joint administrators of high street shoe retailer Barratts, which went into administration yesterday (11 November). Manchester partners Mark Dawson and Sarah Teal are leading the firm’s work for the joint administrators, Duff & Phelps partners Philip Duffy and David Whitehouse. The administrators said in a statement they were […]
Getting a judicial review claim into court is no mean feat, as lawyer Alex Monaco found when he tried to challenge Vince Cable MP I’m a lawyer, and I haven’t, until now, been a litigant. And, what a nightmare it’s turning out to be. Thought I’d seen it all, from the early days as a […]
Singaporean firm WongPartnership has broadened its regional coverage by forging a strategic alliance with Malaysian boutique Foong & Partners. Through the new tie-up, WongPartnership now has a presence in five international locations in China, Malaysia and the Middle East. Founded in 2003 in Kuala Lumpur, Foong & Partners is a 10-lawyer boutique firm focusing on […]
Energy giant BG Group has cut its panel to three after dropping Allen & Overy (A&O) and Herbert Smith Freehills (HSF) from the roster. Clifford Chance (CC) has secured a new mandate for the group and will be used on a range of matters. Freshfields Bruckhaus Deringer and CMS Cameron McKenna have retained their spots on […]