The Legal 500 View: Promotion prospects – the firms with the biggest gains in the UK Legal 500

The Legal 500 View: Promotion prospects – the firms with the biggest gains in the UK Legal 500

Every firm thinks they deserve to move up the rankings – but which are making the strongest case? Ben Wheway crunches the numbers to find the firms who saw the biggest improvement in their rankings

Of all the questions fielded by The Legal 500 editorial team, ‘what do we have to do to move up the rankings?’ is almost certainly the most frequently asked, narrowly ahead of ‘please can we have an extension on the submission deadline?’ Continue reading “The Legal 500 View: Promotion prospects – the firms with the biggest gains in the UK Legal 500”

Sponsored briefing: Why good directory submissions matter

Sponsored briefing: Why good directory submissions matter

For any lawyer or law firm of note, being listed by The Legal 500 and Chambers & Partners directories is a must: it serves to underline their status and validate their expertise. Clients are reassured that they are being legally advised by someone who is independently judged to be among the leaders in their field. Listings confirm market credibility, support the recruitment of talent and potentially attract new business. Every lawyer in every law firm knows this – or at least they should.

For law firm marketeers, the directory process is a critical part of their annual cycle. Compiling information and submitting directory entries is challenging and time-consuming. Some firms find themselves with thousands of pages of information to prepare, present and submit – in the correct format and according to directory deadlines and criteria. Continue reading “Sponsored briefing: Why good directory submissions matter”

Sponsored briefing: Key issues when structuring a BVI joint venture

Sponsored briefing: Key issues when structuring a BVI joint venture

The British Virgin Islands (BVI) is a particularly popular jurisdiction for incorporating joint venture vehicles. The principal statute governing the formation and operation of a BVI business company is the Business Companies Act 2004 (the BC Act). The BC Act is a modern and flexible companies statute.

Key Documentation

The principal corporate documents are the joint venture agreement (JVA) and the memorandum and articles of association of the BVI company (M&A). There are particular provisions of the JVA that must be in the M&A under BVI law. These provisions relate to: (i) the rights attaching to the authorised shares of the company; (ii) provisions in respect of company procedures such as notice and quorum requirements for shareholder meetings; (iii) the election of directors; and (iv) restrictions on the powers of the directors to carry on the business of the company (being items requiring super majority director approval or shareholder approval). Continue reading “Sponsored briefing: Key issues when structuring a BVI joint venture”

Life During Law: Tihir Sarkar

Life During Law: Tihir Sarkar

I grew up in the Midlands in the ̒80s. It was hard hit by the recession. My dad lost his job as an engineer, working for Smiths Industries, which supplied the car industry. It was the deindustrialisation of large parts of the UK. My father was a businessman and entrepreneurial. He became self-employed, started his own printing business, but it was certainly not stable.

I became a lawyer because I wanted a regular job. There were no lawyers in our family. It wasn’t a profession that was accessible or easy to understand from my background. Growing up in the ethnic community in Birmingham, second generation, the only other options on the table were being a doctor, a dentist or a pharmacist and I definitely didn’t want to be any of those! Continue reading “Life During Law: Tihir Sarkar”

Sponsored briefing: New consolidated regime of early access in France

Sponsored briefing: New consolidated regime of early access in France

On 14 December 2020, the French Social Security Financing Act for 20211 (article 78) reformed early market access mechanisms in France and simplified the former systems of derogatory reimbursement for medicines, which included the temporary authorisation for use (ATU) and temporary recommendation for use (RTU) regimes.

Two new regimes have been created: early access authorisation (AAP – exceptional use of certain drugs for specific therapeutic indications, intended to treat serious, rare, or disabling diseases) and compassionate use (exceptional use of certain medicines in specific therapeutic indications). Continue reading “Sponsored briefing: New consolidated regime of early access in France”

The Legal Business Awards and GC Powerlist UK 2021: Great to be back!

The Legal Business Awards and GC Powerlist UK 2021: Great to be back!

Pinsent Masons, Travers Smith and easyJet were among the major winners at the 2021 Legal Business Awards, which returned as a live event following the pandemic, bringing together 600 guests in Covid-safe conditions at the Grosvenor House hotel on 30 September.

As is tradition, the event was preceded by a reception to mark the launch of our annual GC Powerlist – acknowledging the contribution of key general counsel (GCs) at influential businesses. Later, the main event got underway in the Great Room at Grosvenor House, with Legal Business managing editor Mark McAteer welcoming the guests to the evening’s proceedings and thanking them for a huge turn out at one of the first in-person events to take place for some time. Continue reading “The Legal Business Awards and GC Powerlist UK 2021: Great to be back!”

Life During Law: Natasha Harrison

Life During Law: Natasha Harrison

My maths teacher was married to a criminal barrister, so I did a mini-pupillage at his set. Loved it but decided I didn’t want to do criminal law. Over the years that followed I did more mini-pupillages, including at a commercial set, a common law set, as well as work experiences at law firms, the BBC and Foreign Office. All of which confirmed I wanted to do commercial law.

I really wanted to go down the barrister route, but I was the first person in my family to go into law and I didn’t know any barristers growing up. I had been to Durham rather than Oxbridge and I was a girl. Continue reading “Life During Law: Natasha Harrison”