Risk management and professional indemnity survey 2022: Do the right thing

Risk management and professional indemnity survey 2022: Do the right thing

If the risk management team could be described as a law firm’s conscience, then it follows that the past two years have pricked that conscience to new heights. Of course, Covid-19 has changed the way everyone does business forever and firms are scrambling to align themselves with a new corporate culture that clients are espousing – doing business the right way, not turning a buck at the expense of the planet and taking a genuine interest in maintaining a happy and productive workforce. Our annual risk and professional indemnity report in conjunction with Marsh Specialty reflects these new priorities, with firms understandably preoccupied with reputational risk tied to ethical behaviour under solid environmental, social and corporate governance (ESG) principles, as well as dealing with the new normal of nurturing a workforce that now operates predominantly outside the office. Continue reading “Risk management and professional indemnity survey 2022: Do the right thing”

Global London Overview: Power plays

Global London Overview: Power plays

Had Legal Business’ Global London report come out at the end of 2021, a familiar narrative would have played out. The story would have been one of diverging fortunes as the London practices of some foreign firms looked to further strengthen their operations off the back of a booming transactional market, while others struggled to keep their head above water amid the fallout of a coronavirus pandemic that put both operational practices and client relationships to the test.

Last year of course, even the most sceptical of market commentators could scarcely have predicted the fresh disaster of Russia’s invasion of Ukraine. As the conflict casts a long shadow over all areas of life in 2022, the legal sector is no exception. Many of the top 50 Global London firms have responded by closing their Moscow offices and market sentiment, aside from dismay as events unfold, is that the full impact of the crisis is far from being fully felt for firms and clients alike. Continue reading “Global London Overview: Power plays”

The next generation of arbitration

The next generation of arbitration

Harriet Foster

Managing associate
Orrick

Harriet Foster has a wealth of experience acting for clients in Europe, the Middle East, Africa and Asia in commercial and investment treaty arbitrations. A recent example of the latter saw her represent an African-based investor in an UNCITRAL arbitration under a bilateral investment treaty with India, concerning the cancellation of telecoms licences. Continue reading “The next generation of arbitration”

Disputes perspectives: Bankim Thanki QC

Disputes perspectives: Bankim Thanki QC

My father had been a lawyer in India and East Africa but wasn’t keen on me becoming a lawyer. It’s a bit of a standing joke but it’s true – every Indian parent wants their kid to become a doctor, whether or not you have any skillset in that direction! My dad was dead against the Bar in particular because it didn’t have a regular income attached. There was no family encouragement whatsoever. Continue reading “Disputes perspectives: Bankim Thanki QC”