Comment: A period of silence from the profession on access to justice would be welcome

Inevitably with an event as dramatic as Brexit, the unintended consequences keep coming. One of the less noted is the 11th hour reprieve it has granted the Law Society, which in the spring was looking on course to lose much of its fund-raising powers as part of a government review.

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Working the mechanics: Camerons, Nabarro and Olswang’s leaders on finalising the merger

Having announced an audacious union yesterday (10 October) management at CMS Cameron McKenna, Nabarro and Olswang are set to kick off the arduous process of consolidating their respective businesses over the next six months, an exercise which will see potential staff redundancies.

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Standing apart – the offshore fallout from the Panama Papers

boat adrift

On April Fool’s Day this year, Panamanian law firm Mossack Fonseca & Co notified its clients that it had sustained an email hack. It instantly became the world’s best-known law firm following the leak of 11.5 million documents, cherry-picked by global media outlets, that revealed confidential client information. The Panama Papers made news and so did offshore law firms. Again.

But for every offshore firm, regardless of jurisdiction, the Panama Papers leak was no laughing matter: the inevitable public outcry further fuelled the enduring debate over tax and transparency. Continue reading “Standing apart – the offshore fallout from the Panama Papers”

Aftermath – the offshore world post the Brexit vote

Sunset over EU stars

‘The morning after the night before, there was stunned silence,’ says David Cadin, managing partner at Bedell Cristin. For offshore law firms, the long-term implications of Brexit are no clearer than for their onshore counterparts and they are equally loath to make predictions when uncertainty continues to surround terms for the UK’s departure from the EU.

As Antonia Hardy, Cayman Islands managing partner of Walkers, puts it: ‘In terms of offshore access for financial services, no-one knows yet – like everything to do with Brexit the answer is possibly and hopefully.’ She offers a very positive take: ‘Offshore centres have always been required to apply for European access independently of the UK and so we do not foresee any negative impact from the Brexit decision.’

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