Law firms’ bank debts have jumped 36% in the past year, from an average of £28,000 to £38,000 per equity partner, as the profession targets growth, says Hazlewoods, Chartered Accountants and Business Advisers who specialise in the legal profession. Hazlewoods says that as workloads increase across the profession, many firms are increasing headcount and raising […]
A challenge to the Serious Fraud Office's (SFO) powers to seize and process privileged documents recently failed in a significant ruling in R McKenzie v The Director of the Serious Fraud Office. McKenzie (the Claimant), who was the subject of an investigation by the SFO, was arrested at Heathrow airport in June 2015 on suspicion of […]
Commenting on the case which has been dropped by Marvel and DC Comics against a British businessman over the legal right to use the word ‘superhero’, IP expert, Tristan Sherliker, associate solicitor, EIP, said: “This news is great for Mr Jules. However it is also bad news for others who might be in similar positions, […]
In response to further market speculation and stakeholder inquiries, Bayer is publicly disclosing the contents of its private proposal to acquire Monsanto. Bayer has made an all-cash offer to acquire all of the issued and outstanding shares of common stock of Monsanto Company for $122 per share or an aggregate value of $62 billion. This offer, […]
The US senate has passed a bill allowing the families of 9/11 victims to file lawsuits against Saudi officials believed to be involved. Although the bill, the Justice Against Sponsors of Terrorism Act (JASTA), will still have to pass through the House of Representatives, it has already set in motion a strong feud between the […]
The insurance industry is failing to pay the NHS tens of millions of pounds in costs of patient care due to inadequate and outdated recovery legislation, warns specialist lawyers Moore Blatch. The NHS is faced with a likely £3 billion overspend in the current financial year, and the lawyers believe that it’s unacceptable that legislation […]
The UK’s Prime Minister, David Cameron has announced intentions to combat global corruption by creating a global register of foreign firms that own property in the UK. According to the BBC, Downing Street says the planned register would include companies currently in the UK, potential buyers, and those looking to win government contracts. Firms on […]
A group of around 300 economists worldwide have been calling for new rules to be implemented, forcing companies to publicly disclose tax activities country-by-country. Reports state that a letter, published by the group of economists and sent to world leaders, urges the UK to take the lead in the battle for corporate tax transparency. Some […]
Winston & Strawn LLP, a leading global law firm, recently announced that two partners have agreed to join its Transportation Finance Practice. Christopher Boresjo and Mark Moody plan to join the firm’s London office in the coming weeks from Simmons & Simmons LLP, where Mr. Boresjo led the firm’s Asset Finance Practice. Messrs. Boresjo and […]
With 1 in 5 businesses struggling to handle the increased burden of red tape, is it time for further support for the UK’s small businesses? Over 1.8 million UK jobs are at risk as 370,000 small businesses plan to cease trading over the next five years, according to a survey commissioned by a newly introduced […]
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