Do you ever get the feeling you’re flying blind as a general counsel? Not in the context of your own business, which will generate reams of numbers and facts to indicate how the legal function is performing within that one company. But in the context of how GCs and legal teams are developing at a wider level, profession-wide and within industry sectors, the question stands.
Energy giant pushes through alt billing The march away from hourly billing continues as Royal Dutch Shell, one of the world’s largest consumers of legal services, confirmed that all its work must be priced under ‘appropriate’ fee arrangements (AFAs), following its 2016 panel review. AFAs, which include capped, fixed and contingency fees, had been in … Continue reading “Significant matters – Winter 2016/17”
Paul Gilbert attempts to chart what is so rarely discussed: the core competences and obligations of a general counsel. At the risk of saying something that sounds unhelpfully like, ‘general counsel means general counsel’, I have spent a lot of time over many years considering how people in this role should define their purpose and … Continue reading “What do we expect from general counsel?”
The High Court judgment in Essar Oilfields Services Ltd v Norscot Rig Management Pvt Ltd  was brought down by His Honour Judge Waksman QC (sitting as a deputy High Court judge). The report of its delivery on 15 September 2016 had already sparked great interest in the world of litigation finance and for good … Continue reading “Essar v Norscot – a landmark judgement”
A recent case in the High Court provides a helpful analysis as to the scope of directors’ duties in situations where dividend payments are vulnerable to challenge. It proves a cautionary tale to directors who are considering the payment of intergroup dividends and illustrates how the legal issues surrounding this area are complex and need … Continue reading “Dividends and directors’ duties – case update”