Briefings

15 Big Legal Mistakes Made by Startups

Startup

Orrick’s Lynne Hermle and Ellen Ehrenpreis co-authored an article in Forbes with Orrick alum Richard Harroch, Managing Director and Global Head of M&A at VantagePoint Capital Partners, offering guidance on common mistakes made by entrepreneurs and startup companies in the early stages of growth, covering everything from company formation to employment agreements. When launching a new startup, you can face significant

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Alternative Fee Arrangements for Lawyers – Explained

big legal fees in Big Law

BrightFlag – Hourly billing has been the dominant financial model for the legal profession for generations. But more and more in-house legal teams are exploring the potential of alternative fee arrangements (AFAs) when engaging outside counsel. Why? Well, for starters: Hourly billing models (implicitly and/or explicitly) incentivize law firms to increase the time, staff, and

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Partner expulsion case offers lessons to LLP firms and their partners

law firm staff cutbacks - law job cuts

Kingsley Napley – Just before Christmas, the High Court ruled on a dispute regarding the expulsion of a partner from one of the Big Four under the firm’s 2017 LLP Agreement (LLPA).  The case Joseph v Deloitte NSE LLP concerned a challenge from David Joseph, a Swiss-based partner at Deloitte, to a decision by the firm to

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Law Brief: Linklaters Competition Outlook for 2020

lifestyle law firms

The world is changing. The move towards a more digital economy has been rapid. People are starting to think more urgently about climate change and the importance of sustainability, and the notion of “consumer welfare” is evolving. All while the benefits of free trade are being deeply questioned. The spotlight is firmly on competition policy

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Power Law Briefing: Kensington Swan – Fair Trading Amendment Bill – Combating Unfair Practices to Balance the Playing Field

Changingbusinessmodel lawfuel

The Fair Trading Amendment Bill aims to improve protections for consumers and businesses against unfair practices to promote a more sustainable, productive and inclusive economy. On 17 December 2019, the Fair Trading Amendment Bill (‘Bill’) was introduced to Parliament and is currently undergoing its First Reading. The Bill seeks to amend the Fair Trading Act

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Bankruptcy Law: Small Businesses in the US Can Now Go Bankrupt More Easily

Bankruptcy petition lawfuel

Sponsored Up to now, reorganizing under Bankruptcy Code chapter 11 was too expensive and onerous a task for most small businesses. However, thanks to the Small Business Reorganization Act which will soon be coming into effect, small business owners will have a better way to survive in the long-term. At the present time, the U.S.

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