You, dear Reader, asked us to dig a bit more into our recent blog post, “Why Big Law will continue to get bigger.” You wanted to know why, and how this will affect your bottom line. Big Law is certainly changing. Once known for its power suits, legal pads, and insane office hours, it is …
Dubai is one of seven Emirates of the UAE (the United Arab Emirates). Famous for glittering skyscrapers, dancing fountains, and man-made palm-shaped islands, it is a popular location for both investment and business. And yes, it does have vending machines for gold bullion. And yes, it did build an indoor ski slope in the desert. …
According to The Economist magazine, local law firms are experiencing “…ballooning demand for legal services and falling costs.” Not sure that we are seeing corresponding rate cuts… One reason may be that “[b]ig law is becoming not just bigger but also more concentrated. In 2020, the three biggest earners accounted for nearly 10% of the …
It’s that time of the year again, when we celebrate age-old traditions and cherish those who matter to us the most. It’s also when a 260-pound, 1,751-year-old man breaks into your house and trades presents for consideration (namely, milk and cookies). Santa Claus is the self-appointed judge and jury of whether you have been naughty …
By now, many of you have digested every nail-biting moment of the 2021 United Nations Climate Change Conference in Glasgow, or COP26. There, in Scotland, the IFRS created the ISSB to assist with standard ESG disclosure standards. (There is truly nothing like a global conference to create an indecipherable acronymic word salad.) Sustainability and ESG as …
Sustainability and ESG: What are they and why should you care? Read More »
As threatened promised, our Halloween blog post. As you may well imagine, each state in this Union has a number of silly laws. What may be even more amusing is reading silly laws written with serious intent. For instance: Nothing is more annoying than finding out that your house is haunted. (“Redrum” and 306-degree head …
We are always grateful for our (very vocal) readership. We recently published on your requirements under the UK’s Modern Slavery Act (2015) (here). Based on an internal poll, it came as no surprise that you collectively voted to learn more about global anti-slavery and human trafficking efforts. Given the morass of ethical, political, economic and …
The Modern Slavery Act (2015). (No, these are not regulations legalizing involuntary servitude…though we alumni of Big Law Firms are familiar with the concept.) Instead, this (unfortunately named) UK regulation is both a logical extension of compliance regulations and an early warning of legislation likely to come. Based on your annual turnover and UK …
You must now promptly update your Standard Contractual Clauses to maintain a legal basis for the cross-border transfer of personal data. As background: the General Data Protection Regulation (“GDPR”) stipulates that international personal data transfers can only be made to countries deemed to have adequate privacy regimes. “Adequacy” is determined by the EU Data Protection …
Requests to participate in or facilitate the Arab League’s Boycott of Israel are both prohibited (by the US Department of Commerce) and penalized (by the US Department of Treasury). Deciphering what is permissible and what is prohibited is not always clear; requests are often indirectly phrased, such as the requirement of a certificate stating that …
