Comment: Hired guns and troubleshooting – privilege confusion in UBS rape probe another jolt for City law

Comment: Hired guns and troubleshooting – privilege confusion in UBS rape probe another jolt for City law

Legal hacks frequently stand accused of making sensationalist statements once the dust has settled when it comes to lawyer conduct in emotive matters, especially where the Solicitors Regulation Authority (SRA) is involved. In our defence, we largely base initial treatment of these cases on the views of numerous market contacts at the time.

The overturning of findings against former Freshfields Bruckhaus Deringer partner Ryan Beckwith last year springs to mind. Early sentiment was of general horror about unhealthy drinking cultures and abuse of power. Later many City partners reviewed their opinion to align with the High Court’s assertion that ‘popular outcry is not proof that a particular set of events gives rise to any matter falling within a regulator’s remit’ – the age-old dismissal of the case that ‘this sort of thing happens all the time’. Continue reading “Comment: Hired guns and troubleshooting – privilege confusion in UBS rape probe another jolt for City law”

Guest comment: Collaboration in isolation

Guest comment: Collaboration in isolation

As client issues become increasingly complex, working collaboratively to provide solutions is critical. But Professor Laura Empson and David Morley ask: can leaders maintain a collaborative culture in the world of remote working?

Client issues tend to be sprawling and messy – all the more so as the world becomes more complex and uncertain. In finding solutions to complex problems, individual professionals need to bring together people with complimentary skills and perspectives to get the best results. Continue reading “Guest comment: Collaboration in isolation”

Comment: Hope floats for City listing overhaul but American audacity is vital

Comment: Hope floats for City listing overhaul but American audacity is vital

City business has had cause to take heart in recent days with a clear display of political will behind an overhaul of UK listing rules that could see London shake off its Brexit and pandemic woes and reassert itself as global financial hub.

Proposals set out in the UK Listing Review, led by Lord Hill, will particularly pique the interest of anyone tracking the special purpose acquisition company (SPAC) market. Indeed, the ubiquity of those deals has made them difficult to miss. There has been much talk of London jumping on the bandwagon in a fit of FOMO as other listing destinations, especially the US and Amsterdam, pile into that frothy market with gusto. However, to say that London has been lagging competitors in the US, Europe and Asia for too long is an understatement, and any shake-up to expedite parity with peers hasn’t come a moment too soon. Continue reading “Comment: Hope floats for City listing overhaul but American audacity is vital”

Guest comment: Balancing acts – partnership versus corporation

Guest comment: Balancing acts – partnership versus corporation

Professor Laura Empson and David Morley ask what makes partnerships so distinct from corporations in what they demand of the people who lead them

Immerse yourself in a strong and successful professional partnership, even for a short time, and it becomes clear that these are unique entities requiring a very distinct kind of leadership. Continue reading “Guest comment: Balancing acts – partnership versus corporation”

Guest comment: Calling all the reluctant leaders

Guest comment: Calling all the reluctant leaders

Successful professional people are notoriously reluctant to take on the mantle of leadership. Increasingly, there are excellent reasons why they should, say Professor Laura Empson and David Morley

 ‘If you always do what you’ve always done, you’ll always get what you’ve always got.’

It’s a phrase that carries a useful message in the context of leadership – particularly in professional services. Because high-achieving professionals would, by and large, prefer to stick with what they’ve always done, very successfully. That is what makes them reluctant leaders. Continue reading “Guest comment: Calling all the reluctant leaders”

Comment: Depressing end to Weinstein gagging order narrative means closure for none

Comment: Depressing end to Weinstein gagging order narrative means closure for none

The whimpering conclusion to the three-year saga that dragged City law into the middle of #MeToo could hardly have been more frustrating for everyone concerned.

The Solicitors Disciplinary Tribunal (SDT) said on Thursday (14 January) it had decided to stay proceedings against Allen & Overy employment veteran Mark Mansell (aka Solicitor Z) relating to a non-disclosure agreement drawn up for disgraced Hollywood producer Harvey Weinstein in 1998. The grounds – Mansell’s ill health meant that continuing with a trial posed a significant risk to his life.  Continue reading “Comment: Depressing end to Weinstein gagging order narrative means closure for none”

Guest comment: A call to arms for the Bionic Lawyer

Guest comment: A call to arms for the Bionic Lawyer

I am you.  I am your colleagues.  I am what your customers have always dreamed of.  I am The Bionic Lawyer…

And so began an open letter to the legal industry from the Bionic Lawyer Project. That letter, published on 24 September, marked the end of the beginning of our project, as a year of energised collaboration paved the way for releasing 16 ‘levers’. Those 16 levers set, we believe, the design principles for the future legal industry. Continue reading “Guest comment: A call to arms for the Bionic Lawyer”

Comment: Failings in Beckwith prosecution undermine #MeToo fight and muzzle regulator

Comment: Failings in Beckwith prosecution undermine #MeToo fight and muzzle regulator

The ink is barely dry on Friday’s High Court ruling that overturned the Solicitors Disciplinary Tribunal’s finding against ex-Freshfields partner Ryan Beckwith and the shockwaves are starting to be felt around the legal industry.

In the unlikely event that the substance of the ruling has escaped anyone, the Queen’s Bench Division’s judgment reversed the SDT’s October 2019 findings that Beckwith’s drunken sexual activity with an intoxicated associate breached Principles 2 and 6 of the Solicitors Regulation Authority’s code of conduct, reversed his £35,000 fine and quashed the £200,000 costs order.  Continue reading “Comment: Failings in Beckwith prosecution undermine #MeToo fight and muzzle regulator”

Comment: Last orders – The final reflections of a veteran legal pundit

Comment: Last orders – The final reflections of a veteran legal pundit

I’ve always suspected that, like politics, careers in journalism largely end in failure. Here is how mine ends. After 20 years covering the legal industry, it’s time to do something else. Given that length of time, I hope my four regular readers will forgive the introspection of my final Legal Business column.

I was an accidental legal journalist, just a business reporter who ended up covering law while looking for the next sector to cover in my restless twenties. Business journalists should want to cover a sector that is large, competitive, has smart people and that Britain excels at. Law certainly ticked all those boxes, not that you’d know it from the lack of attention it gets outside its own media. Continue reading “Comment: Last orders – The final reflections of a veteran legal pundit”