The blueprint – clients and advisers scramble as the UK kicks off Brexit

The blueprint – clients and advisers scramble as the UK kicks off Brexit

While the outcomes are far from clear, Legal Business asks how advisers and clients can best tackle Brexit   ‘There are known knowns… There are known unknowns… but there are also unknown unknowns.’   Former US Secretary of State for Defence, Donald Rumsfeld, took a lot of flak when he famously uttered these words in …

Cyprus: Picking up the pieces

Cyprus: Picking up the pieces

On the face of it, Cyprus has much to celebrate. In March, the country completed the three-year economic adjustment programme that followed 2013’s €10bn bailout package agreed with the European Commission, European Central Bank and the International Monetary Fund. That the country has finally wrested back control of its finances was coupled with the Commission’s …

The battle within: Risk management and professional indemnity survey 2016

The battle within: Risk management and professional indemnity survey 2016

With cyber risk exploding and storm clouds over the economy, it’s harder than ever to balance risk with commercial realities. Legal Business’ annual risk survey asks how law firms are coping. While no major law firm has yet fallen prey to the sort of high-profile data breach that the mobile operator Talk Talk suffered in …

The end of the tunnel – litigation and regulatory challenges in financial services

The end of the tunnel – litigation and regulatory challenges in financial services

Legal Business teamed up with Simmons & Simmons to discover how financial institutions are coping with the twin threats of regulation and litigation, and assess whether the end is in sight. If there was ever any doubt about what might be in store for the Volkswagen Group following its recent emissions scandal, a glance at …

Chasing the bear – Sanctions bite on Russia’s legal market

Chasing the bear – Sanctions bite on Russia’s legal market

Russia-based lawyers are a hardy bunch, conditioned to working in a volatile market where ups turn into downs on an almost annual basis. No matter how good things might appear, they are well aware that some form of political interference or economic disaster might be lurking around the cor­­ner. Most get by on the knowledge …

Straining the bonds – why disputes counsel is high on the agenda in Russia

Straining the bonds – why disputes counsel is high on the agenda in Russia

While their transactional colleagues in Moscow are suffering, the current sanctions on Russia have been a boon to trade and sanctions lawyers, who are fielding countless enquiries from Russian and international clients. The fact that the sanctions are so multi-layered, leaving plenty of scope for interpretation, has increased the demand, particularly when it comes to …

Leadership and innovation – Visionaries, politicians and survivors

Leadership and innovation – Visionaries, politicians and survivors

In today’s ultra-competitive legal market, the thin line between success and failure hinges on the quality of a firm’s leadership. LB teamed up with Berwin Leighton Paisner to investigate what separates the truly visionary from the merely ordinary. There was a time, not that long ago, when running a law firm didn’t require a huge …

Leadership and innovation – The partnership dilemma

Leadership and innovation – The partnership dilemma

Demanding clients, advancing tech and a tough economy have ushered in intense pressure for law firms to change. Can law firm leaders press their institutions to adapt or does the partnership model fundamentally block innovation? Steve Jobs, the late co-founder, chairman and chief executive of Apple, once remarked that ‘innovation distinguishes between a leader and …

Here be monsters – will LPOs help clients find the threats in the data jungle?

Here be monsters – will LPOs help clients find the threats in the data jungle?

From disclosure to global investigations, companies are being forced to search an expanding jungle of data for threats. Legal Business teamed up with Clutch Group to find out if clients believe LPOs will aid the hunt Disaggregation. If someone wanted to identify a keyword to describe what legal process outsourcers (LPOs) do (and identifying keywords …

A question of confidence – Russians strive to keep high stakes disputes at home

A question of confidence – Russians strive to keep high stakes disputes at home

Given that domestic litigators in Russia and the CIS regularly see their clients’ largest commercial disputes go abroad, usually to be resolved under English law, they treat the outflow of work with unexpectedly good grace. This is mostly based on the realisation that this exodus of high-value litigation not only reflects what clients want, but …