Welcome to the hurricane

The global clampdown on corruption has only just begun to reach Latin America. Local GCs talk about striving to turn the tide as a wave of scandals grip local boardrooms

Corporate governance |

It has been a turbulent few years for many of those in the upper echelons of Brazilian politics and business. Around the world, headlines have been filled with sleazy tales of corruption, perhaps most notably the bribery and kickback scandal emanating from state-backed oil giant Petrobras, embroiling many high-profile individuals and entities across the region.

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Author(s)

  • The In-House Lawyer, , The In-House Lawyer

Trust me, I’m a lawyer…

The growth of technology as a means of conducting transactions is changing the role of trust in business and beyond. IHL explores how the concept of trust is evolving and what the upshot is for in-house counsel.

Disruptive tech |

Academic and Thinkers50 honouree Rachel Botsman is focused on trust. Of late, that focus has looked at how technology has shifted our understanding of trust and impacted on both our personal and professional lives.

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Author(s)

  • The In-House Lawyer, , The In-House Lawyer

Financing corporate legal costs: self-finance vs outside backing

Among the most common questions lawyers ask Burford is how to talk about legal finance with clients. Their answer is simple: help them to do the maths.

Litigation |

In the course of Burford Capital’s nearly nine years in business and in talking to hundreds of lawyers about financing fees and disbursements associated with commercial litigation and arbitration, it has been our experience that quantifying and comparing the relative costs and benefits of financing models is the most effective way to talk to clients about legal finance. Once clients appreciate that external financing addresses several of the perpetual pain points associated with litigation – such as its negative accounting impact and its potential influence on share price – the decision to use legal finance seems simple. Clients who use litigation finance are united less by their need for cash to pay for legal costs than they are by their understanding of the comparative benefits of paying out-of-pocket versus working with a finance partner.

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Author(s)

  • Burford Capital, , The In-House Lawyer

For once, clients can take a lead because law firms will never crack the gender issue

We stand in 2018 with clear evidence that law firms are incapable of change. It will require the increasingly female-driven ranks of clients to break the impasse.

Leader |

It took some time for the #MeToo movement to reach the legal profession but it is here now, heralding an increasingly intense debate about the treatment of women in the profession.

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Significant matters – Winter 2018

Agenda |

Carillion collapse threatens legal arm

The future of Carillion Advice Services (CAS) is uncertain after the collapse of its parent, construction giant Carillion, in one of the largest UK insolvencies for years. The Wolverhampton-headquartered company filed for liquidation in January after talks with its creditors and the government failed to reach a deal on Carillion’s £1.5bn liabilities, including £900m of debt. The Official Receiver is now winding down the business, putting CAS, which is not in liquidation, on the block as part of an asset fire sale. CAS, the low-cost legal arm which has more than 70 paralegals providing services to Carillion as well as external clients, was inherited by the construction company in 2011 as part of its £300m acquisition of energy services company Eaga. Carillion’s own in-house legal team had around 30 staff.

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Author(s)

  • The In-House Lawyer, , The In-House Lawyer

Profile: Rushad Abadan, Standard Life Aberdeen

The general counsel of the Scots-based investment giant reflects on the lessons of the financial crisis and what it takes to run a FTSE 100 legal team

Profile |

Rushad Abadan always knew what he wanted to do with his life. ‘I always fancied the idea of being a lawyer, even at school. I was one of those people who was very clear about their career path early on. Happily for me it worked out.’
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Profile: Neil Murrin, trainline

From Birmingham to Barcelona, the legal chief of the ticket retailer plans to make tracks in Europe

Profile |

The train puns were inevitable, but it took longer than expected. Towards the end of my conversation with the general counsel of online ticket retailer trainline, Neil Murrin, he says: ‘It’s a matter of getting people to join us on that journey.’ And adds: ‘Getting people on the right track and all that.’
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The emerging skills that will equip the best lawyers of the future

David Morley reflects on the impact of communication in professional services and opportunities for advisers to learn from clients

Comment |

My guess is that a law firm partner or general counsel might have the opportunity for around 100 high-value conversations every year in their professional life. That is 100 out of the roughly 10,000 conversations the average adult will have each year. What do I mean by high value? A career-enhancing conversation that transforms a situation or a relationship for the better. It might be with a client, a fellow partner, an associate or someone else.

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Author(s)

  • David Morley, , The In-House Lawyer

Real estate of the union

The In-House Lawyer reports on a fast-changing real estate sector and the GCs hustling to keep up

Litigation |

As Donald Trump once said, ‘real estate is always good’. Nearly $700bn changed hands in the commercial real estate market last year, proving that in times of uncertainty the safe money is on bricks and mortar. Brexit aside, London was seen as the safest bet of all, attracting over $23bn of new investment – $10bn more than New York.
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Herbert Smith Freehills on real estate

Herbert Smith Freehills’ real estate team looks at the key questions affecting a rapidly changing industry

Real Estate |

What are some of the main market trends which are influencing the work flow of your real estate practice in the UK?
Don Rowlands, Head of Real Estate, UK & EMEA

The real estate market in the UK and in other key investment hotspots around the world is proving resilient in the face of economic and political uncertainties. An ever increasing range of organisations from across the globe are looking to participate – from US private equity funds, to Australian superannuation schemes, to Asian pension funds and Hong Kong investors. Global capital is particularly attracted to the UK because of the strong legal and regulatory framework, transaction transparency and the relative ease of doing business – as well as the reputation of UK real estate for holding value, and just a bit of post-Brexit currency arbitrage!

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Author(s)

  • Don Rowlands, Head of Real Estate,  UK & EMEA, Herbert Smith Freehills

    Head of Real Estate, UK & EMEA

  • Paul Chases, Partner, Corporate Real Estate, Herbert Smith Freehills

    Partner, Corporate Real Estate

  • Nick Turner, Partner, Real Estate, Herbert Smith Freehills

    Partner, Real Estate

  • Shona Grey, Partner, Real Estate, Herbert Smith Freehills

    Partner, Real Estate