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  1. Interest rate hike (again)

    2 November 2022 Interest rate hike (again)

    Interest rate hike (again) By Jake Rickman Image credit - William Barton / Shutterstock.com What do you need to know this week? The Bank of England is set to convene tomorrow, 3 November. The topic of the meeting is again interest rates. It is almost guaranteed the BoE’s policymaker will...
  2. Mini Series: Business of Law Firms Charles Russell Speechlys to open up Singapore office

    2 November 2022 Mini Series: Business of Law Firms Charles Russell Speechlys to open up Singapore office

    Business of Law Firms Charles Russell Speechlys to open up Singapore office By Jake Rickman What do you need to know this week? Welcome to the 18th article in TCLA’s the Business of Law Firm series. As reported by The Lawyer, UK-headquartered firm Charles Russell Speechlys will open an...
  3. 3M and the Texas Two Step

    26 October 2022 3M and the Texas Two Step

    3M and the Texas Two Step By Jake Rickman Image credit - JPstock / Shutterstock.com What do you need to know this week? As reported by the Financial Times, the US consumer conglomerate 3M is facing the court’s scrutiny in its attempt to use the controversial Texas Two Step to minimise its...
  4. Truss resigns; Sunak wins bid for PM; Markets tepidly rally

    26 October 2022 Truss resigns; Sunak wins bid for PM; Markets tepidly rally

    Truss resigns; Sunak wins bid for PM; Markets tepidly rally By Jake Rickman Image credit - ComposedPix/Shutterstock.com What do you need to know this week? Someone once said, “There are decades where nothing happens; and there are weeks where decades happen.” No doubt the past few weeks...
  5. Mini Series: Business of Law Firms BDB Pitmans and WBD announce potential merger

    26 October 2022 Mini Series: Business of Law Firms BDB Pitmans and WBD announce potential merger

    Business of Law Firms BDB Pitmans and WBD announce potential merger By Jake Rickman What do you need to know this week? Welcome to the 17th article in TCLA’s series on the Business of Law Firms. This week we will look at an exciting bit of news: Roll on Friday was the first to report last...
  6. KKR shoots $400bn into Top Gun producer

    19 October 2022 KKR shoots $400bn into Top Gun producer

    KKR shoots $400bn into Top Gun producer By Jake Rickman What do you need to know this week? KKR, one of the world’s largest and most recognised private equity firms, has zeroed in on the studio production company behind one of this year’s hottest films, Top Gun: Maverick, with a $400m cash...
  7. Whirlwind Week for Bonds and the Government

    19 October 2022 Whirlwind Week for Bonds and the Government

    Whirlwind Week for Bonds and the Government By Jake Rickman What do you need to know this week? Another week. Another Chancellor of the Exchequer. Last Friday, 14 October, former Foreign Secretary Jeremy Hunt replaced Kwasi Kwarteng as the head of the Treasury following what was one of...
  8. Mini Series: Business of Law Firms Restructuring & Insolvency

    19 October 2022 Mini Series: Business of Law Firms Restructuring & Insolvency

    Mini Series: Business of Law Firms Restructuring & Insolvency By Jake Rickman What do you need to know this week? This is the sixteenth article in TCLA’s series on the Business of Law Firms. This week will be the first of several intermittent articles giving an overview of certain...
  9. Volatile Pound Hits UK Law Firms' Growth Ambitions

    12 October 2022 Volatile Pound Hits UK Law Firms' Growth Ambitions

    Volatile Pound Hits UK Law Firms' Growth Ambitions By Jake Rickman What do you need to know this week? The FT reports that the hiring efforts among the largest UK law firms including Magic Circle firms Freshfields have been affected by the volatile movements in pound sterling...
  10. Bank of England to Extend Intervention

    12 October 2022 Bank of England to Extend Intervention

    Bank of England to Extend Intervention By Jake Rickman What do you need to know this week? The Bank of England has announced it will double down on certain aspects of its gilt repurchasing programme which it began on 28 September following the market’s reaction to the government’s new...
  11. Mini Series: Business of Law Firms - Distressed Law Firm Assets

    12 October 2022 Mini Series: Business of Law Firms - Distressed Law Firm Assets

    Mini Series: Business of Law Firms Distressed Law Firm Assets By Jake Rickman What do you need to know this week? Welcome to the 15th article in our series on the Business of Law Firms. Last week, we looked at the importance of leverage in assessing how leanly a law firm staffs its...
  12. Pension Crisis Averted

    5 October 2022 Pension Crisis Averted

    Pension Crisis Averted By Jake Rickman What do you need to know this week? Following the government’s “mini-budget” announcement on Friday 23 September, the market reacted rather adversely (to put it mildly). Last week, we looked at the impact the announcement had on the pound. Shortly...
  13. Musk's Twitter Deal is Back On

    5 October 2022 Musk's Twitter Deal is Back On

    Musk's Twitter Deal is Back On By Jake Rickman What do you need to know this week? In July, we reported that Elon Musk stalled on his proposed acquisition of Twitter at $54.20 a share, citing the fact that the social media giant had misrepresented the extent to which fake accounts...
  14. Mini Series: Business of Law Firms - Leverage

    5 October 2022 Mini Series: Business of Law Firms - Leverage

    Mini Series: Business of Law Firms Leverage By Jake Rickman What do you need to know this week? Welcome to the fourteenth article in our series on the Business of Law Firms. This week, we will look at some figures The Lawyer has pulled together related to leverage, which is described as a...
  15. When is a budget a budget?

    28 September 2022 When is a budget a budget?

    When is a budget a budget? By Jake Rickman What do you need to know this week? Under the leadership of Liz Truss’s government, Chancellor of the Exchequer Kwasi Kwarteng announced on Friday a sweeping reform of the UK’s fiscal policy in what the government calls its “mini-budget”...
  16. Sterling Sinks

    28 September 2022 Sterling Sinks

    Sterling Sinks By Jake Rickman What do you need to know this week? The pound is down. Massively. As of yesterday, the pound is £1.08 to the US dollar, having fallen as low as $1.03 on early Monday morning, which is the lowest it has ever been. The sterling sell-off followed the...
  17. Mini Series: Business of Law Firms - Contextualising LegalTech

    28 September 2022 Mini Series: Business of Law Firms - Contextualising LegalTech

    Mini Series: Business of Law Firms Contextualising LegalTech By Jake Rickman What do you need to know this week? Welcome to our thirteenth article in TCLA’s series on the Business of Law firms. Last week, we analysed Herbert Smith Freehills and Allen & Overy’s foray into the provision of...
  18. Dearth of Tech IPOs

    21 September 2022 Dearth of Tech IPOs

    Dearth of Tech IPOs By Jake Rickman What do you need to know this week? As reported by the Financial Times, today marks the 238th day since the last initial public offering (IPO) in the United States by a tech company valued at more than $50m. This is the longest period in history...
  19. Porsche AG to go ahead with IPO

    21 September 2022 Porsche AG to go ahead with IPO

    Porsche AG to go ahead with IPO By Jake Rickman What do you need to know this week? Porsche AG — the German luxury car manufacturer — has moved ahead with plans to offer shares to the public at a targeted range of €76.50 – €82.50 per share. In total, the company’s owners, Volkswagen AG...
  20. Mini Series: Business of Law Firms - Alternative Legal Services (pt 2)

    21 September 2022 Mini Series: Business of Law Firms - Alternative Legal Services (pt 2)

    Mini Series: Business of Law Firms Alternative Legal Services (pt 2) By Jake Rickman What do you need to know this week? This is our twelfth article in TCLA’s series on the Business of Law firms. In last week’s article, we examined the function of alternative legal service providers...

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