Sponsored thought leadership: Benefits of the Austrian Private Foundation

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Sponsored thought leadership: Benefits of the Austrian Private Foundation

The Austrian Private Foundation (PF) is a viable option to protect and preserve assets over generations, as well as to prevent the distribution of assets in the event of succession.

Establishing an Austrian PF enables the founder to align his/her assets with the founder’s wishes but separating the assets from the founder’s future fate. Due to the relative freedom of organisation under the Austrian Private Foundation Act (APFA), the Austrian PF and its structure can be adapted to the individual needs of the founder.

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Strategies for safeguarding client confidentiality and compliance

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Strategies for safeguarding client confidentiality and compliance

Everyone is aware that data breaches and cyber attacks are on the rise globally. It affects organisations across various industries and for legal firms especially it is imperative that security is a top priority. Lawyers need to ensure their documentation is secure to uphold the principles of client confidentiality and attorney-client privilege, this is fundamental to the legal profession. By securing documentation, legal professionals protect against unauthorised access, data breaches, and potential disclosure of confidential information to third parties. Compliance with legal and industry-specific regulations is crucial,and secure documentation ensures adherence to these standards, mitigating the risk of legal and ethical consequences. Additionally, securing documentation reflects the professional responsibility of legal practitioners to safeguard the interests of their clients and maintain the highest ethical standards in the practice of law.

Law firms can enhance their security measures by using cloud-based digital dictation solutions as well as implementing a combination of technical safeguards, best practices, and employee training. Here are key steps law firms can take to protect themselves when utilising cloud-based digital dictation.
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Tech outlook in Cyprus in 2024

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Tech outlook in Cyprus in 2024

In recent years, Cyprus has cultivated a thriving tech eco-system, positioning itself as a strong innovator, with a commitment to driving competitiveness and strategic service delivery. The country’s ICT sector is said to have contributed €3bn+ to the Cypriot economy in 2022, constituting 13% of the country’s GDP—a substantial leap from 7% in 2019 and 8.5% in 2020. Notably, €1bn is reportedly attributed to the influx of international firms and specialised human talent to Cyprus, a trend accelerated by the conflict in Ukraine.

In 2023, we observed Cyprus make remarkable progress in the technology sector. Fuelling this growth was the emergence of tech start-ups and digital enterprises, supported by government initiatives and organisations like TechIsland, Cyprus’ largest tech association, designed to attract high-calibre tech corporations worldwide. With over 270 member companies, TechIsland aims to enhance the tech industry’s operating environment, unite diverse stakeholders, and promote sustainable growth, contributing significantly to the country’s economic prosperity through tech.
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Q&A: Kristóf Ferenczi, firm managing partner, discusses the future of Kinstellar

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Q&A: Kristóf Ferenczi, firm managing partner, discusses the future of Kinstellar

Can you share your journey in the legal field leading up to your current role as managing partner?

I started my legal career more than two decades ago as a trainee at the then-established Budapest office of Linklaters, and during my early years I was also seconded to the firm’s London office. My early professional years also included time at a CEE-based independent firm and DLA Piper’s Budapest office before returning to Linklaters. In 2008, as a result of Linklaters’ withdrawal from the CEE region, partners from the affected offices laid the foundation for a new firm, leading to the creation of Kinstellar in November 2008. I became a partner in 2009, and head of the firm-wide energy service line. I was appointed managing partner of the Budapest office in 2020 and became Kinstellar’s firm managing partner as of January 2024.

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How do you know when you have a brand advantage?

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How do you know when you have a brand advantage?

By Sholto Lindsay-Smith, founding partner and director of brand strategy at Industry, an international brand and business consultancy.

As the management mantra goes, ‘you can’t manage what you can’t measure’. Law firms often undertake evaluation of their brand in pockets throughout the organisation by teams in HR, customer experience, internal and external communications. What is often missing is a 360-view which can summarise the brand strategy, identify brand-blockers and determine where to invest efforts in building brand advantage. This article considers the importance in assimilating this information to build a lasting brand advantage. Continue reading “How do you know when you have a brand advantage?”

Sponsored briefing: M&A: Agility is key to support clients in complex transactions

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Sponsored briefing: M&A: Agility is key to support clients in complex transactions

Deals are becoming more complex as companies increasingly use mergers and acquisitions (M&A) to pursue ambitious strategic goals and new stakeholders disrupt the market. Successful M&A lawyers must be able to combine excellent legal knowledge and process management skills with in-depth business awareness to support clients in complex transactions.

PRAGER DREIFUSS has extensive experience and a longstanding tradition in supporting clients in complex M&A transactions, including acquisitions and sales, mergers, spin-offs and joint ventures. They are part of the firm’s core business. PRAGER DREIFUSS will take the client through the entire process, from structuring the deal to its execution. Its lawyers conduct legal due diligence at a target company, negotiate the necessary agreements, set up acquisition vehicles and optimise the capital and tax structure of the deal. Throughout this process, the firm can call upon excellent interdisciplinary knowledge. Continue reading “Sponsored briefing: M&A: Agility is key to support clients in complex transactions”

Sponsored briefing: Concerned about your PEP in market uncertainty?

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Sponsored briefing: Concerned about your PEP in market uncertainty?

Join a firm where PEP means Performance Equals (more) Pay

The last two years have seen enormous growth in the legal market. With reports of record profits for many firms, particularly in the top 100, equity partners have enjoyed a considerable boost to their earnings. However, the need to resource this surge in demand for legal services has created a battle for talent and a consequent increase in the salaries of employees and non-equity partners, in order to attract and retain that talent. Continue reading “Sponsored briefing: Concerned about your PEP in market uncertainty?”