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  • May 3, 2007 | International Edition

    Accountants edge out lawyers in Companies Act client race

    Accountants are beating lawyers in the race to support clients on the controversial Companies Act, according to new research, as advisers scramble to react to the sweeping governance reforms. A survey of more than 200 businesses across the UK has revealed that 60% of all business directors that have sought advice on the Companies' Act have turned to their accountant rather than a lawyer. The study, carried out on behalf of Leeds Legal, a partnership of Leeds' law firms, questioned small to medium-sized enterprises (SMEs) about the Act, parts of which will come into force in October.

    1 minute read

  • May 3, 2007 |

    Accountants edge out lawyers in Companies Act client race

    Accountants are beating lawyers in the race to support clients on the controversial Companies Act, according to new research, as advisers scramble to react to the sweeping governance reforms. A survey of more than 200 businesses across the UK has revealed that 60% of all business directors that have sought advice on the Companies' Act have turned to their accountant rather than a lawyer. The study, carried out on behalf of Leeds Legal, a partnership of Leeds' law firms, questioned small to medium-sized enterprises (SMEs) about the Act, parts of which will come into force in October.

    1 minute read

  • May 3, 2007 |

    Norton Rose snaps up Orrick Paris tax chief

    Orrick Herrington & Sutcliffe's respected Paris tax head, Stephane Salou, is joining Norton Rose in a coup for the top 15 UK firm. Salou, who spent a period at the helm of Orrick's Paris office and is highly rated in the French market, will join the City firm's local office on 9 May.

    1 minute read

  • May 2, 2007 | International Edition

    Path to partner at top firms gets longer despite booming City scene

    The wait for partnership is getting longer at the UK's leading firms, according to research by Legal Week, which shows it took 8.7 years on average for lawyers to make partner this year, compared with 8.1 years in 2004. The partnership track has increased in length each year for top City lawyers during the last four years, despite the fact that a number of firms, including Ashurst, Lovells and Herbert Smith, saw a significant drop in the time it took to make partner this year.

    1 minute read

  • May 2, 2007 |

    Path to partner at top firms gets longer despite booming City scene

    The wait for partnership is getting longer at the UK's leading firms, according to research by Legal Week, which shows it took 8.7 years on average for lawyers to make partner this year, compared with 8.1 years in 2004. The partnership track has increased in length each year for top City lawyers during the last four years, despite the fact that a number of firms, including Ashurst, Lovells and Herbert Smith, saw a significant drop in the time it took to make partner this year.

    1 minute read

  • May 2, 2007 |

    Cleary and Bredin Prat lead on landmark EC court battle

    Cleary Gottlieb Steen & Hamilton and Slaughter and May best friend Bredin Prat have won lead roles advising Schneider Electric on its groundbreaking E1.6bn (£1.1bn) damages claim against the European Commission (EC). Cleary and Bredin Prat are advising the electrical equipment maker in its battle with the EC, which took place in the European Court of First Instance - the European Union's second-highest court - last month (25 April).

    1 minute read

  • May 2, 2007 |

    Commentary: Sellers' market puts heavy strain on City firms' client ties

    Five years ago, the concept of a law firm taking roles for multiple clients on a single bid would still have been considered a bit racy. But, as Linklaters' recent decision to push for non-exclusivity upon initial engagement shows, it has now become the norm for top City firms in large corporate auctions.

    1 minute read

  • May 2, 2007 |

    TLT cashes in on £326m Punch pubs sale

    Bristol firm TLT has advised Punch Taverns on the £326m sale of 869 pubs to market rival Admiral Taverns.

    1 minute read

  • May 2, 2007 |

    Lovells and Manches take lead roles on WHSmith's Royal Mail franchising deal

    Lovells and Manches have advised on an agreement between Royal Mail and WHSmith that will see the retailer open 70 in-store post offices.

    1 minute read

  • May 2, 2007 |

    Bourbon takes the biscuit

    Few lawyers outside the eminently blue-blooded Slaughter and May have ever held pretensions of genuine royalty - until now.

    1 minute read