Particularly egregious? Market reacts over Credit Suisse buyout as bondholder litigation looms large

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Particularly egregious? Market reacts over Credit Suisse buyout as bondholder litigation looms large

As the fall of Credit Suisse mobilises swathes of advisers, Legal Business asks whether the collapse will yield an influx of work for the litigation community

In March, the collapse of US-based Silicon Valley Bank (SVB) was among the biggest tremors in the banking world since 2008. However, there are weeks in which the events of decades happen, as has been the case since SVB’s demise. Continue reading “Particularly egregious? Market reacts over Credit Suisse buyout as bondholder litigation looms large”

Life During Law: Paul Dolman

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Life During Law: Paul Dolman

I certainly didn’t have a burning desire to be a lawyer from the age of five years old. I definitely wasn’t one of those! I wanted to be an architect but you’ve got to be quite good at maths. I wasn’t.

My parents instilled in me a real work ethic from a young age and forced me to do lots of summer jobs where I learned the value of money. The worst one was probably working at Saxby’s pork pie factory. I was in charge of the jelly gun. Thousands of pork pies would come down a long conveyor belt and I had to put my gun in them and fill them with jelly. That was a challenging job to stay motivated in for sure. That probably put me off pork pies for life. Continue reading “Life During Law: Paul Dolman”

Sponsored briefing: France: new regulations on shortages of health products and new challenges for the life sciences sector

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Sponsored briefing: France: new regulations on shortages of health products and new challenges for the life sciences sector

Diane Bandon-Tourret, partner and head of the life sciences practice at LexCase, and Tamara Milano, associate in the life sciences practice, consider new regulations in France aimed towards avoiding shortages of medical products

These last years, shortages became a major public health concern, highlighted by the Covid-19 crisis and the current shortages of major medicines. As a result, adoption of new regulations to prevent shortages have become a priority for many countries. In the EU, new regulations have strengthened shortages prevention, such as Regulation (EU) 2023/607 which extended the validity period of CE certificates issued under the previous regulation to avoid the unavailability of medical devices (MDs). In France, regulations on shortages recently evolved in the field of medicines, MDs and in vitro diagnostic devices (IVDs). Continue reading “Sponsored briefing: France: new regulations on shortages of health products and new challenges for the life sciences sector”

Sponsored briefing: Rise of the Machines: Shaping the Legal Response to AI’s Rapid Expansion

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Sponsored briefing: Rise of the Machines: Shaping the Legal Response to AI’s Rapid Expansion

ChatGPT, an AI program, has experienced unprecedented growth, amassing over 100 million monthly active users. This raises concerns regarding potential threats to safety, privacy, employment, and the urgency for regulatory intervention.

AI: Boon or Bane? Weighing the Pros and Cons

A Goldman Sachs report indicates that AI could automate up to a quarter of work in the US, impacting 300 million jobs globally1. However, AI technology could also enhance labor productivity growth and increase global GDP by up to 7%2. The legal profession is among those at the highest risk of AI automation, with 44% of tasks potentially being automated. Continue reading “Sponsored briefing: Rise of the Machines: Shaping the Legal Response to AI’s Rapid Expansion”

Sponsored briefing: Recruiting top talent

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Sponsored briefing: Recruiting top talent

The last two years have been a steep learning curve for the jobs market, and never more so than in the legal sector. Post-pandemic, the market has changed drastically- and while things are certainly starting to get easier, challenges still remain.

Here at LR Legal, we’re acutely aware of the struggles employers face right now, and we know how vital it is to recognise the impact of the changes that are taking place in the legal industry. So how can LR Legal help law firms not only secure the top talent in today’s difficult market but keep them too? Continue reading “Sponsored briefing: Recruiting top talent”

Life During Law: Nick Vamos

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Life During Law: Nick Vamos

Did I always want to be a lawyer? No. I didn’t think I wanted to sit behind a desk, so that hasn’t really worked out. I thought I might want to do something outdoors, and that hasn’t worked out either. I wasn’t one of these people that knows from the age of two that they’re going to be a forensic pathologist or a marine biologist. When I was at school and then university, my parents were very supportive and said: ‘You don’t need to decide on a career now. You don’t have to have a grand plan.’

I didn’t read law at university. I read philosophy at Trinity College, Cambridge. Partly because it was the degree subject I was most interested in and partly because I didn’t want to study any of my school subjects any further. I converted to law a few years later. I think if I’d studied law at university for three years, I might not have become a lawyer. Continue reading “Life During Law: Nick Vamos”

‘It will be important whatever happens’: Pallas Partners represents ClientEarth in climate action against Shell’s board

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‘It will be important whatever happens’: Pallas Partners represents ClientEarth in climate action against Shell’s board

In what the client has billed ‘the first case of its kind seeking to hold corporate directors personally liable’, Pallas Partners is representing ClientEarth pro bono in its case against Shell’s board of directors for ‘mismanaging climate risk’.

After nearly a year of pre-action proceedings, Pallas Partners has filed a derivative action against the energy giant for what its client says is a failure to adopt a business strategy that will mitigate its exposure to climate risk. Continue reading “‘It will be important whatever happens’: Pallas Partners represents ClientEarth in climate action against Shell’s board”

Shearman and Travers hit with losses as recruitment turns to restructuring and leveraged finance

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Shearman and Travers hit with losses as recruitment turns to restructuring and leveraged finance

Ongoing talk of a merger with Hogan Lovells has prompted an exodus from Shearman & Sterling, with the departure of EMEA and Asia M&A head Philip Cheveley to Sidley Austin one of the headline moves in the London market in recent weeks.

The blow to Shearman will be even more keenly felt since the move represents a reversal for one of its stated ambitions to focus on corporate, and because Cheveley only joined from Travers Smith less than two years ago, in March 2021. Continue reading “Shearman and Travers hit with losses as recruitment turns to restructuring and leveraged finance”