OK, the headline is clickbait – kind of. There does, of course, need to be an investigation into Quindell’s financial ‘restatements’, which it admitted earlier this month meant that the 2013 profit after tax of £83m should have been a loss of £68m, and net assets at 31 December 2013 should have been £446m, rather than £668m. That’s a seriously wonky piece of accounting.
Continue reading “Guest post: Why the fuss over Quindell and Slater & Gordon?”
Litigators live uncertain lives. The current matter could settle or go to trial. Your previous clients may never litigate again. It’s feast or famine.
Continue reading “Guest post: Can litigation be project managed? The case for clarity”
I knew better and that only makes this worse. Recently, I needed a lawyer to review an agreement. There was some vague language that made me anxious. So I called an old friend who recommended one of the partners at his big firm. The partner gave me good advice, spotted an issue I hadn’t considered, re-drafted a couple clauses, and left me feeling reassured. The problem went away.
Continue reading “Guest post: Tales of an Unhappy Client – The Search for a Smarter Way to Bill”
Recently in New York, Adam Smith Esq had the opportunity to invite a couple of dozen law firms to ‘An Introduction to IBM Watson’ at the brand new $1bn IBM Watson facility down on Astor Place. This is not going to be a report on that event, except insofar as it helped advance our thinking on the general concept of ‘machine learning,’ which was also the topic of a lead article in the current McKinsey Quarterly.
Continue reading “Guest post: Who’s afraid of IBM Watson? Machine learning and the future of law”
Last week the Court of Justice of the European Union (CJEU) delivered its judgment (16 July) in Case C-170/13 Huawei Technologies v ZTE on a matter of great concern to the standard-essential patent (SEP) community.
Continue reading “Guest post: Enforcing a patent is an abuse of process, except where it isn’t”
Michael Gove’s performance before the justice select committee on Wednesday was a skilful one. Thoughtful, reasonable, non-dogmatic – two months into his time as Lord Chancellor and Secretary of State for Justice, he continues to win plaudits simply by virtue of not being Chris Grayling.
Innovation is a word much bandied around in the law without always a clear idea of what it means. Many lawyers or PR people have called me up over the years to proclaim their latest exciting innovation, only for me to point out that plenty of people have been doing the same thing for ages.
Continue reading “Guest post: The innovation perspective – get the right end of the telescope”
Post-Cardigan analysis by 5 Stone Buildings’ Hugh Cumber
The recent decision of the English Court of Appeal in the Cardigan litigation illustrates the importance of applications by the trustees for the approval of ‘momentous’ decisions, as set out in the case of Public Trustee v Cooper [2001].
Such applications are widely used in offshore jurisdictions and have a number of advantages for trustees, who may prospectively insure that their decisions are insulated from challenge by dissatisfied beneficiaries. However, if this exercise is to be successful, the trustees will be required to give full evidence of their reasons. Continue reading “Momentous decisions: seeking the court’s blessing”
Baker Tilly’s George Bull analyses the changing market.
The recent initial public offering (IPO) of full-service English law firm Gateley and its admission to AIM mark another significant step in the evolution of alternative business structures (ABSs) in England and Wales. While Gateley is the first UK law firm to achieve a public listing, it is not the world’s first listed law firm. That accolade belongs to Slater and Gordon, the Australian consumer law firm, which listed on the Australian stock exchange in May 2007. Continue reading “The ABS triangle – regulators, consumers and investors”
Last week I attended a Symposium on Corporate Lawyers organised by Steven Vaughan and his colleagues at the Centre for Professional Legal Education and Research (CEPLER). It was a great event, bringing together a wide range of academics working on corporate lawyers alongside a fair few from corporate practice. I thought I’d share a few highlights.
