These are good days for Irish law firms as a resurgent economy drives dealmaking and foreign investment. Professional advice is in high demand, say senior legal figures, and top lawyers are enjoying inflation-busting pay increases. But the prospect of a “no-deal” exit of the UK from the EU and growing global trade tensions are threats to a sector that is heavily exposed to any volatility in international markets.Right now the mood in business law circles in Dublin is “cautiously optimistic”, says John Cronin, a partner at law firm McCann FitzGerald. “But [lawyers are] aware there are external forces that could, frankly at any time, cause disruption to that situation. We depend — in terms of confidence, investment and perspective — on world trade and its continued good health.”A decade after the financial crisis that led Ireland into a humiliating international bailout, the country is on the cusp of full employment and the economy is … [Read more...] about Is Brexit an opportunity for Irish law firms?
Foreign law firms
William Hague is pocketing cash from a law firm slammed by MPs over its links to Vladimir Putin. The former leader of the Tory Party, now a peer, is raking in thousands as chairman of the International Advisory Group at legal giant Linklaters. MPs publicly rebuked the firm this week over its work on deals involving Russian companies close to the Kremlin. Former Foreign Secretary Lord Hague was said to have “serious questions to answer” as Theresa May was urged to launch a probe. The Foreign Affairs Select Committee said on Monday that others should judge whether Linklaters had become “so entwined in the corruption of the Kremlin and its supporters that they are no longer able to meet the standards expected of a UK-regulated law firm”. The blast came after the firm refused to appear before the committee for a quiz on the flotation of EN+, the holding company of oligarch Oleg Deripaska. MPs warned the UK is turning a “blind eye” to Russia’s … [Read more...] about William Hague is pocketing cash from law firm slammed for Vladimir Putin links
PUBLISHED: 11:56 30 April 2018 | UPDATED: 11:56 30 April 2018 Sarah Chambers Prettys senior partner Ian Waine. Picture: PRETTYS Prettys The East of England’s corporate landscape remains buoyant, despite Brexit uncertainty, an Ipswich law firm says. Prettys said 2017 was a “positive year” for deals, and the trend appears likely to continue throughout 2018. Senior partner Ian Waine said the firm’s corporate team had seen increasing volumes of transactional work. Although the number of reported deal completions was lower than for the previous year, last year’s total remained well above the average yearly deal count since 2009, with small and medium-sized enterprises (SMEs) leading the field in terms of the number of acquisitions completed, he said. “The corporate team at Prettys has seen a noticeable rise in SME acquisitions by foreign buyers who want to get a toe-hold in the UK market and are taking advantage of the drop in Sterling to invest … [Read more...] about East of England corporate landscape ‘buoyant’, says Ipswich law firm
BRITISH holidaymakers making fake food poisoning claims in foreign hotels are facing a fresh crackdown as the government targets shady law firms. New rules will mean that there is a limit on the amount law firms can claim in legal costs if a holiday sickness case comes to trial. Until now there has been no cap on these costs, so hotels and tour operators have been reluctant to fight the cases in court in case legal costs spiral out of control, and just settle with a payout. This means brazen no-win no-fee law firms have begun to chase more of these types of cases, confident that they will never go to trial. But new rules will limit costs that lawyers can claim in package holiday sickness cases. In recent years, the UK has seen a huge surge in the number of claims made against all-inclusive hotels on the continent. Ministers have now capped the legal costs that lawyers can claim during a holiday sickness case – much like they did with costs for whiplash claims in the UK … [Read more...] about Fake Brit holiday sickness claims crackdown as government targets shady law firms
More than a dozen large banks and law firms from the U.S., Europe and Asia are joining forces on behalf of a British lesbian in a landmark case for LGBT rights in Hong Kong.Goldman Sachs Group Inc., Credit Suisse Group AG and Nomura Holdings Inc. are among 15 financial institutions that have filed an application to intervene in the case of a woman -- named in court documents as QT -- who sued after the government rejected her application to reside in Hong Kong as a dependent of her same-sex partner.Hong Kong’s highest court is now considering an appeal filed by the government after a court ruled in favor of QT in September.The banks and law firms believe “the appeal has no merit, or is based on an unequal treatment that discriminates against same-sex partners,” said B. Chen Zhu, a Hong Kong-based counsel at Davis Polk & Wardwell LLP, acting pro bono on their behalf. “They all want to express their support for equal treatment for LGBT immigrants.”The … [Read more...] about Law Firms Join Goldman in Fight for Hong Kong Gay Spouse Visas