May 25, 2011 | International Edition
Superinjunction report offers concessions and reassurance but fails to calm privacy stormThe committee charged with reviewing the use of superinjunctions has called for the media to have advance notice of privacy orders and for the Government to monitor the use of injunctions. Pulling back from recommending major changes in its 100-page report, the committee chaired by the Master of the Rolls Lord Neuberger has argued that the current regime for granting injunctions is working effectively.
By Suzi Ring
5 minute read
May 25, 2011 | International Edition
UK's IP laws set for major overhaul as Hargreaves unveils key reformsIntellectual property (IP) and copyright laws in the UK should be overhauled and brought in line with today's digital era, according to recommendations in the Hargreaves Report published last week (18 May). The report, compiled by Professor Ian Hargreaves (pictured) of Cardiff University, outlines 10 proposals intended to update the UK's outdated laws and promote innovation, with the report suggesting that modernised IP systems could add up to £7.9bn to the UK's economy.
By Suzi Ring
9 minute read
May 25, 2011 | International Edition
Herbert Smith and Ashurst among firms on $1.5bn Abu Dhabi power plant projectHerbert Smith has lined up alongside a raft of firms to advise on Abu Dhabi's $1.5bn (£931.6m) Shuweihat 3 independent power plant (IPP) project, in one of the largest project financing deals so far this year. Herbert Smith advised the sponsors, Sumitomo Corporation and Korea Electric Power Corporation (KEPCO), fielding a team led by Abu Dhabi managing partner Andrew Newbery alongside dispute resolution partner Craig Shepherd and energy partner David Laurence.
By Suzi Ring
2 minute read
May 23, 2011 | International Edition
Cameron wades into privacy debate as MP uses Parliament to out injunction footballerPrivacy law has continued to dominate the headlines, with Prime Minister David Cameron wading into the debate about the sustainability of privacy injunctions as an MP on Monday (23 May) used Parliamentary privilege to name the footballer at the centre of the row. Speaking on ITV's Daybreak programme on Monday morning (23 May) Cameron called for privacy laws to be reviewed. He described current laws affecting newspapers as "unsustainable" and said Parliament was "going to have to take some time out to really have a think about this".
By Suzi Ring
5 minute read
May 23, 2011 | International Edition
Clydes breaks through £200m mark with 10% revenue hikeClyde & Co saw revenues rise by just over 10% during the last financial year to take turnover through the £200m barrier for the first time. The 10.4% increase puts 2010-11 turnover at £212m, up from £192m the previous year.
By Suzi Ring
2 minute read
May 20, 2011 | International Edition
Neuberger: media to gain notice on injunctions but status quo is workingThe committee charged with reviewing the use of superinjunctions has called for the media to have advance notice of privacy orders and for the Government to monitor the use of injunctions. Pulling back from recommending major changes in its 100-page report, the committee chaired by the Master of the Rolls Lord Neuberger today (20 May) argued that the current regime for granting injunctions is working effectively.
By Suzi Ring
10 minute read
May 19, 2011 | International Edition
Olswang pushes revenues up 2% for second consecutive yearOlswang has announced its financial results for 2010-11, posting a marginal increase in turnover of 2%. The firm saw revenues rise from £91m to £92.6m, in line with the previous year's results, when turnover also grew by 2%.
By Suzi Ring
2 minute read
May 19, 2011 | International Edition
Freshfields announces increased salary bands for associatesFreshfields Bruckhaus Deringer has confirmed marginal increases in its associate pay bands for 2011, opting for rises of between 2% and 2.6% for junior lawyers. Pay for newly-qualified (NQ) lawyers moves from £60,000 to £61,500, while pay for those with one year's post-qualification experience (PQE) goes up from £68,000 to £69,500.
By Suzi Ring
2 minute read
May 18, 2011 | International Edition
Mayer Brown corporate partner joins Charles Russell's London practiceCharles Russell has bulked up its City corporate arm with the hire of Mayer Brown partner Lauri-Lynn Pursall. Pursall joined Charles Russell earlier this month from Mayer Brown's London corporate practice. She had been at the transatlantic firm since 2001 and was made up to partner in 2007. She specialises in equity capital markets and M&A work in the mining, media, construction and retail sectors.
By Suzi Ring
2 minute read
May 18, 2011 | International Edition
Vodafone puts advisers on alert with plans to cut panelMobile phone giant Vodafone has kicked off a review of its global and UK legal advisers, with the overhaul marking the first time the UK panel has been updated in six years. The review will cover the external law firms advising mobile operator Vodafone UK as well as those advising Vodafone Group globally. It will not cover local mobile operators outside the UK.
By Suzi Ring
2 minute read
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