The progress of the Economic Crime and Corporate Transparency Bill, a review into the government’s net zero target, two employment-related consultations and an investigation into greenwashing are among the key developments for in-house lawyers to track this month.
HM Treasury’s Edinburgh Reforms, and in particular how the government will make its proposed changes to the existing prospectus and public offers regime, are likely to be of interest to many in-house lawyers. Publication of directives on corporate sustainability reporting and the gender balance of boards of listed companies are noteworthy too.
The first open meeting of the Practical Law In-house Future Forum took place recently, to discuss the topic of networking. The meeting featured presentations from Alisa Grafton, author of Great Networking: The Art and Practice of Building Authentic Professional Relationships and partner at De Pinna Notaries, and Andre Brown, Senior Commissioning Editor at Practical Law. … Continue reading Practical Law In-house Future Forum open meeting: key tips and takeaways on networking for early career in-house lawyers
The Thomson Reuters Institute has published the 2022 edition of the Legal Department Operations (LDO) Index report. The data in the report includes real-world legal spend analytics gathered from Thomson Reuters’ Legal Tracker and sourced from 1,500 corporate law departments. It is complemented by responses from 107 law departments to a Thomson Reuters survey conducted … Continue reading Thomson Reuters Institute: 2022 Legal Department Operations Index
Practical Law has published a report on the key trends from the 2022 reporting and AGM season. The report considers, among other things, the format of AGMs over the past year, workforce engagement methods, diversity on boards and shareholder and board-proposed climate resolutions. It also contains a section on trends within the AIM UK 50, … Continue reading Annual reporting and AGMs 2022: What’s Market practice?
Corporate governance is a hot topic this month, with several noteworthy announcements. In-house lawyers should also keep an eye on developments in executive remuneration, women on boards and climate change.
On behalf of the Practical Law Future Forum Steering Committee, we would like to invite you to participate in a meeting on the topic of networking for early-career in-house lawyers, at 1300-1400 on Tuesday 6 December via Teams webinar. The meeting will feature presentations from Alisa Grafton (partner at De Pinna Notaries and author of … Continue reading Networking for early-career in-house lawyers: an invitation to the Practical Law In-house Future Forum
Thomson Reuters was the lead sponsor of The Economist’s 19th annual General Counsel (GC) Summit, where risk, resilience and leadership were the headline topics for discussion. Here are my thoughts on the themes from across the day.
The Chancellor, Jeremy Hunt, has confirmed that an Autumn Statement, rather than a “Medium-term Fiscal Plan”, will be delivered in November. This month, in-house lawyers should also keep track of the progress of the Economic Crime and Corporate Transparency Bill, and climate change and data protection developments.
How to design and deliver a valued legal service to your organisation was the topic of conversation at the latest Centre for Legal Leadership webinar, hosted in conjunction with Thomson Reuters. This post summarises the key talking points.
LawCare held its inaugural conference, Building a Better Life in the Law, at the end of September. Speakers and panellists from across the profession gave their thoughts on how to make the law a happier place to work. Here are my key takeaways.
Practical Law In-house is excited to have launched the Future Forum, a new layer of its Consultation Board designed to capture the perspective of early-career lawyers and act as a focus point for feedback between the different layers of the profession. The Forum is led by a Steering Committee of lawyers working in different sectors, … Continue reading Practical Law In-house Future Forum: shaping the direction of the legal profession
This month, in-house lawyers will be assessing the impact of the announcements made in the government’s “Growth Plan 2022”. They should also take note of the publication of the Economic Crime and Corporate Transparency Bill, and two reports by the FRC Lab.
An emergency budget is likely in September due to the forthcoming change in leadership of the Conservative Party and therefore the country. In-house lawyers should also take note of recent developments in relation to climate change, digital assets and employment law.
Over the summer, in-house lawyers should keep abreast of developments across a range of areas, including climate change, data protection, sanctions, employment discrimination and artificial intelligence.
It’s a common refrain that the business sees the legal function as purely a cost centre, with the real value that in-house lawyers provide going largely under the radar. The latest In-house Consultation Board meeting focused on how to benchmark and broadcast the success of the legal department, using the report of a recent survey … Continue reading Consultation board round table: measuring and communicating the value of the legal department
Publication of the government’s response to the BEIS consultation on restoring trust in audit and corporate governance is likely to be of interest to many businesses. In addition, the FRC has published a consultation on public reporting of audit firms’ firm-level audit quality indicators and updated its guidance on the strategic report.
The “Future of the Legal Profession” is a topic that has come up repeatedly in the past few years and has been looked at through different lenses, from how to train the next generation of lawyers during a pandemic that makes traditional in-person training impossible, through how to recruit diverse candidates into a historically homogenous … Continue reading Future now! Please share your views
The Centre for Legal Leadership’s latest webinar, hosted in conjunction with Thomson Reuters, focused on strategies for progressing your career. This post highlights the key talking points from the session.
Last month I attended my first Alternative In-house Technology Summit. One of the aims of the event is to help GCs and heads of legal operations build the internal business case for technology investment by gathering success stories from their industry peers. Here are some themes that resonated with me.
Several Bills included in the Queen’s Speech are likely to be of significance to in-house lawyers. They may also be interested in a bribery case brought by the Serious Fraud Office (SFO) and recent developments in narrative reporting.
This month in-house lawyers should keep an eye on developments in corporate reporting, changes to the UK Immigration Rules, guidance on reducing the spread of respiratory infections (including COVID-19) in the workplace, and consultations on improving mental health and wellbeing.
The Thomson Reuters Institute has recently published its 2022 State of Corporate Law Departments report. The report captures the experiences of more than 2,000 senior in-house and private practice lawyers globally. One of the headlines from the report is that 43% of those corporate law department leaders surveyed said that they expect their departments’ total … Continue reading Thomson Reuters Institute: 2022 State of Corporate Law Departments report
The crisis in Ukraine (and the associated developing regime of sanctions against Russia) remains at the top of the agenda for businesses this month. In-house lawyers should also keep track of developments in economic crime, corporate transparency and corporate governance.
The Centre for Legal Leadership’s first webinar of 2022, hosted in conjunction with Thomson Reuters, considered how in-house lawyers can be influential within their organisations, why this is so important and why it is sometimes difficult to achieve.
In March, in-house lawyers will need to be keep abreast of the crisis in Ukraine (and the associated regime of sanctions against Russia), together with developments related to COVID-19, ESG and women on boards.
Following the government’s removal of its work from home guidance, many businesses are likely to be organising another return to the office push in February. This month, in-house lawyers should also take note of the forthcoming introduction of mandatory climate-related financial disclosures and consultations on corporate taxation and environmental protection.
In-house lawyers should be aware of several key climate change announcements made during COP26 and of the publication of the Environment Act 2021. In addition, this month there have been noteworthy developments in diversity and inclusion, and corporate governance.
At the beginning of the month, I attended The Economist’s General Counsel (GC) summit in London, which brought together a cross-section of senior in-house counsel from a range of industry sectors. Here are some of the themes discussed across the day.
The Centre for Legal Leadership’s latest webinar, hosted in conjunction with Practical Law, looked at leading and managing in-house legal teams. This post highlights the main themes covered in the discussion. Leadership is a mindset Being a leader is about more than simply being a manager; it’s a mindset. Leaders need to be curious and … Continue reading Leading and managing in-house legal teams
Key developments for in-house lawyers this month focus on climate change, with the 26th conference of the parties (COP 26) to the United Nations Framework Convention on Climate Change (UNFCCC) being held in Glasgow on 1-12 November 2021. In advance of COP 26, the government has published its long-awaited Net Zero Strategy.
Last week I attended Legal Geek and, embracing the new hybrid working world, my first day was online and the second was at the venue in Brick Lane, London. Although Legal Geek continues to focus on legal tech, and in particular start-ups, this year there were some interesting sessions that examined the legal industry more … Continue reading Legal Geek 2021
The Autumn 2021 Budget will be delivered on 27 October, while changes to the Immigration Rules come into force on 1 October and the extended deadline for gender pay gap reporting ends on 5 October. The government has also published a consultation proposing reforms to the current right for employees to request flexible working.
Last week The Centre for Legal Leadership hosted the latest in its series of webinars in conjunction with Practical Law on building your resilience, reputation and personal networks. This post discusses the key themes that were covered during the session.
Businesses will be continuing to digest the Intergovernmental Panel on Climate Change’s (IPCC) report, which highlights the urgency for companies to achieve a net zero transition. In-house lawyers may also be interested in responding to two consultations by the Information Commissioner’s Office (ICO) on data protection and a Financial Conduct Authority (FCA) consultation on diversity … Continue reading What’s on the agenda for in-house lawyers in September 2021?
This month, in-house lawyers should be aware of consultations on the National Security and Investment Act and the UK prospectus regime. They should also take note of the government’s response to the consultation on workplace sexual harassment.
At the end of June, The Centre for Legal Leadership hosted the third in a series of webinars in conjunction with Practical Law on developing your career in-house. This post explores some of the themes that the panellists discussed during the session and that were raised in questions from an online audience.
Businesses will be anticipating England’s expected move from Step 3 to Step 4 of its roadmap out of lockdown on 19 July 2021. In-house lawyers should also take note of the Law Commission’s recently-launched consultation on corporate criminal liability.
Last month, The Centre for Legal Leadership hosted the second in a series of webinars in conjunction with Practical Law on structuring and resourcing your legal team. This post highlights some of the themes discussed.
The government hopes to remove all legal limits on social contact in England from 21 June 2021, at the earliest. In May a new data sharing code of practice was laid before Parliament and, in the absence of any objections, will come into force after 40 sitting days. In-house lawyers may also be interested in … Continue reading What’s on the agenda for in-house lawyers in June 2021?
A further relaxation of lockdown restrictions in England are expected on 17 May 2021 and the first repayments under the Bounce Back Loan Scheme are also due in May. Aside from COVID-19, in-house lawyers should also take note of the publication of the UK’s 6th carbon budget, which will require greenhouse gas emissions to be … Continue reading What’s on the agenda for in-house lawyers in May 2021?
Lockdown restrictions are expected to be eased in England from 12 April 2021. Restart Grants will be available in England from 1 April and, from 6 April, the Recovery Loan Scheme will open to all UK businesses and most changes to the Immigration Rules will come into force.
At the start of the month, The Centre for Legal Leadership hosted the first of a series of webinars in conjunction with Practical Law on ethics and the in-house lawyer. Here is a summary of the key themes that were discussed at the event. What are legal ethics? In the “standard conception of legal ethics”, … Continue reading Ethics and the in-house lawyer
Chancellor Rishi Sunak will deliver the Spring 2021 Budget on 3 March 2021 where, among other things, he is expected to announce the extension of the Coronavirus Job Retention Scheme. Many businesses will be eagerly anticipating today’s announcement of the government’s plan for exiting the lockdown restrictions in England and how it will affect their … Continue reading What’s on the agenda for in-house lawyers in March 2021?
Earlier this month I chaired a meeting of the Practical Law In-house Consultation Board where the topic of conversation was how COVID-19 has affected the management of legal teams. Here are some of the key points from that discussion. Dealing with the move to remote working The sudden move to remote working in spring 2020 … Continue reading Managing legal teams during the COVID-19 pandemic
Current COVID-19 lockdown restrictions are likely to continue throughout February and many businesses affected by the restrictions will be interested in the recent Supreme Court decision concerning business interruption insurance. In-house lawyers should also keep their eye on recent developments in corporate governance and climate change.
Despite the impending end of the Brexit transition period, negotiations between the UK and the European Union over a trade deal are still ongoing. As no agreement is in place, a no-deal Brexit remains a possibility. COVID-19 restrictions will continue to have a major impact on commercial activity in January and beyond, particularly in the … Continue reading What’s on the agenda for in-house lawyers in January 2021?
The Brexit transition period will end at 11.00 pm on 31 December 2020. In addition, England’s 28-day lockdown ends on 2 December 2020, and the majority of the upcoming changes to the immigration rules will take effect on 1 December 2020.
Further COVID-19 related restrictions were introduced in October and more restrictions on commercial activity during November are possible. The COVID-19 Job Support Scheme opens on 1 November 2020, while Brexit negotiations are also likely to continue throughout the month.
COVID-19 will continue to be at the top of the agenda in October. The reintroduction of measures aimed at curbing the spread of the virus is expected to hit businesses in the hospitality sector particularly hard and there is no guarantee that further controls will be not be imposed in the future. The Coronavirus Job … Continue reading What’s on the agenda for in-house lawyers in October 2020?
Further changes to the Coronavirus Job Retention Scheme come into effect from 1 September 2020. Organisations will also need to continue to assess the impact of the European Court of Justice’s decision invalidating the EU-US Privacy Shield.
Changes to the Coronavirus Job Retention Scheme come into effect from 1 August 2020, while two Brexit-related consultations close this month too. In-house lawyers will also need to consider the impact of the ECJ decision on the EU-US Privacy Shield.
Many businesses will benefit from the further relaxation of the lockdown restrictions in England that will take effect from 4 July 2020. From 1 July 2020 employers can also bring furloughed employees back to work while still being able to claim under the Coronavirus Job Retention Scheme in relation to hours not worked. Brexit-wise, progress … Continue reading What’s on the agenda for in-house lawyers in July 2020?
The government’s publication of its COVID-19 recovery strategy, together with guidance on working safely during the pandemic, has at least provided business with a starting point for planning a return to work. However, companies in many industry sectors remain unsure when and how they will be back in business. Brexit has been understandably overshadowed recently … Continue reading What’s on the agenda for in-house lawyers in June 2020?
COVID-19 continues to be the only topic of conversation this month, with businesses anxious to learn when and how the government will start to lift the lockdown restrictions.
The 2019 novel coronavirus (COVID-19) will dominate the agenda for all businesses in April 2020 and the months ahead. Separately, in-house lawyers should also take note of a raft of employment law changes that take effect this month.
Key items on the agenda for in-house lawyers this month include the 2020 Budget, and developments on Brexit (particularly business immigration), climate change and artificial intelligence.
The Corporate Legal Operations Consortium (CLOC) hosted its third annual event in London last week attracting over 400 attendees from more than 25 countries. Although legal operations is not as well established here as it is in the United States, the size and scale of this event highlights its growing significance in the UK legal … Continue reading CLOC: building resilient teams
The UK will leave the EU at 11pm (UK time) on 31 January 2020. Brexit planning will remain at the top of the agenda for in-house lawyers in February, and for the remainder of the year, as they prepare for the end of the transition period on 31 December 2020.
Following the Conservative Party’s decisive general election victory, the likelihood is that the UK will leave the EU on 31 January 2020 with a withdrawal agreement. This month, in-house lawyers should also keep an eye on developments on the future of audit, climate change and artificial intelligence.
Practical Law has published a report on the results of its compliance training survey. Many thanks to all those who responded to the survey questions and to those who contributed to the report, particularly our survey panel. Two-thirds (62.9%) of respondents were in-house lawyers, or compliance officers, or both. Almost half (45.5%) were themselves responsible … Continue reading Practical Law training survey results: market practice v ‘best’ practice
In addition to the general election on 12 December 2019, this month in-house lawyers should also be keeping an eye on developments in corporate governance and climate change reporting, data protection and cyber security.
Thomson Reuters hosted its second Legal and Technology Procurement Conference last week. Here are some key takeaways from a panel session on how lawyers can overcome the challenges of digital disruption and adoption. Understand the problem you are trying to solve Writing a detailed problem statement is a vital first step. You need to focus … Continue reading Digital disruption and adoption: overcoming challenges for lawyers
As well as the ongoing uncertainty around Brexit, this month new SRA regulations come into force and Thomson Reuters hosts its second Legal & Technology Procurement Conference.
Two recent surveys have highlighted the prevalence of stress in the legal workplace. Insurance firm, Protectivity, has surveyed 1,000 British workers and found that, after those in human resources, lawyers are the most stressed professionals in the country: 63% of respondents active in the legal industry reported stress on a daily basis (https://www.protectivity.com/stress-in-the-uk/). In addition, … Continue reading The power of touch in dealing with stress and promoting wellbeing in the legal workplace
With the UK due to leave the EU on 31 October 2019, Brexit planning remains top of the agenda for in-house lawyers this month. Other developments of note concern the supply of statutory audit services and Good Work Plan proposals to help working parents.
Practical Law’s compliance training survey is still open [survey now closed]. Enter by 8 October 2019 to benchmark your organisation’s own approach and (for UK residents) the opportunity to enter a prize draw for a chance to win one of ten £25 Amazon vouchers (subject to terms and conditions).
Despite the Parliamentary recess, Brexit still dominates the agenda as the new Prime Minister grapples with his role and sets out his strategy. The deadline of 31 October 2019 is fast approaching, with many analysts indicating that a no deal is now more likely than ever. As such, no deal planning remains the key risk … Continue reading What’s on the agenda for in-house lawyers in September 2019?
The In-house blog has published numerous items on aspects of whistleblowing over the past few years, but whistleblowing’s geekier cousin, training, has received less attention. Training is like rewiring your house when you move in: it costs a lot of money and, when it’s done properly, nobody really notices. It doesn’t generate the headlines that … Continue reading Just a bit of box ticking: complete the Practical Law training survey and benchmark your organisation’s compliance programme
In addition to “no deal” Brexit planning, key items on the agenda this month include the large fines imposed for breaching the GDPR, some climate change developments, and consultations on the future of audit and gender equality.
I am delighted to announce the launch of our new Practical Law In-house Privacy and Cybersecurity Community, a space where in-house counsel can come together to support and learn from each other through Practical Law. Practical Law subscribers can access the Practical Law UK Community by following the “Community” button in the banner at the … Continue reading In-house Privacy and Cybersecurity Community: how to join us
It’s been shown repeatedly that diverse workplaces make business sense (McKinsey made the point in its “Women Matter” report back in 2007; a World Economic Forum blog by Vijay Eswaran repeated it in April this year). Yet there is still a long way to go before big businesses will be in a position to challenge … Continue reading The turning of the tide? The role of in-house lawyers, and quotas, in tackling gender inequality in the law
With the announcement of a new Prime Minister due in July, Brexit remains at the top of the agenda for businesses. This month there are also some corporate governance developments to keep an eye on and Thomson Reuters is hosting its annual GC Leadership Summit.
Last week, the Institute of Business Ethics launched its Board Briefing on “Corporate Ethics in a Digital Age”. A wide-ranging panel discussion and Q&A session at the launch event tackled some of the implications of new technology for ethical business practice and emphasised that, despite its novelty and seeming complexity, it should be subject to … Continue reading Not just somebody else’s problem: notes from the launch of the IBE’s Board Briefing on “Corporate Ethics in a Digital Age”
In addition to Brexit, key focus areas for in-house lawyers this month include climate change, corporate transparency and smart contracts.
In the 9 years since the Bribery Act 2010 (the Act) came into force there has been a notable lack of case law. At the time the Act was made law this was the strictest anti-bribery legislation in the world and it is therefore interesting that so few prosecutions or deferred prosecution agreements have resulted … Continue reading The Bribery Act 2010: House of Lords recommends more guidance and greater clarity
The key Brexit development this month was the agreement reached on 11 April 2019 between the European Council and the UK government to extend the Article 50 period for a second time.
This month, beyond Brexit, in-house lawyers should be keeping track of developments in audit, executive remuneration reform, cyber security and artificial intelligence.
On 29 March 2019, the House of Commons voted against a government motion for the approval of the withdrawal agreement (but not the political declaration). This means that the UK is now due to leave the EU on 12 April 2019 without a deal. No-deal Brexit planning guidance continued to be published throughout March.
Continued uncertainty surrounding the date of Brexit ensures it remains at the top of the agenda for in-house lawyers this month. Other areas of focus include corporate governance reform and a consultation on the use of confidentiality clauses in situations of workplace harassment or discrimination.
On 26 February 2019, the Prime Minister gave a statement to the House of Commons (HoC) in which she confirmed that a second meaningful vote on her Brexit deal would take place no later than 12 March 2019. Guidance on no-deal Brexit planning continued to be published throughout February.
With the UK scheduled to leave the EU on 29 March 2019, Brexit planning remains paramount for in-house lawyers this month. Nevertheless, they should also be keeping abreast of developments in corporate governance, environmental reporting and gender pay gap reporting.
The House of Commons (HoC) delivered the biggest parliamentary defeat of any Prime Minister in British history as MPs emphatically rejected Theresa May’s Brexit deal on 15 January 2019. No-deal Brexit planning continued throughout the month.
Brexit remains at the top of the agenda this month but in-house lawyers should also be keeping track of reforms to corporate governance, audit and employment law.
Towards the end of last year, Thomson Reuters hosted a NEDonBoard expert panel event on the key learnings from the collapse of Carillion. The panel was chaired by Olivier Garrigue, experienced Chairman and CEO, and included the Reuters journalist, Kate Holton, and Giles Boothman, a partner and restructuring lawyer at Ashurst. Lucinda Case, Managing Director … Continue reading Key learnings from Carillion’s collapse
The week before Christmas saw several developments in relation to the UK audit market, including publication of the final report of the Kingman review. Meanwhile the government announced extensive employment law reforms following the Taylor Review and published a White Paper on the UK’s future skills-based immigration system. The Court of Appeal also gave judgment … Continue reading What you may have missed over the festive break
I met James Bartle at the Thomson Reuters Foundation Trust Conference 2018. Sitting in the front row of the audience, we struck up a conversation about his company, Outland Denim, a premium Australian-based denim brand. After a brief chat about slavery practices in manufacturing, he politely excused himself and casually walked up on stage to … Continue reading How to build an ethical supply chain: an interview with James Bartle, CEO and Founder of Outland Denim
Prime Minister Theresa May was forced to defer the meaningful vote on her Brexit deal in December and the vote will now take place during the week commencing 14 January 2019. In another key development, the ECJ gave hope to the anti-Brexit lobby by ruling on 10 December 2018 that the UK could unilaterally revoke … Continue reading Brexit: December 2018 round-up
In addition to Brexit planning, this month in-house lawyers should also be aware of new initiatives on corporate governance, tackling poor payment practices, and improving reporting on disability, mental health and wellbeing.
November was a pivotal month for Brexit negotiations with the publication of the full text of the draft UK-EU withdrawal agreement, and the political declaration on the framework for the future UK-EU relationship (the deal). The House of Commons will debate and vote on a motion to approve the deal over five days, with the … Continue reading Brexit: November 2018 round-up
Earlier this month I attended Practical Law’s inaugural Legal and Technology Procurement Conference. Many of the themes highlighted in my Legal Geek 2018 post were again hot topics of debate and there were engaging sessions on legal procurement strategy, improving operational efficiency and overcoming the challenges of implementing legal tech. Here are my top ten takeaways.
Brexit planning dominates the agenda this month but in-house lawyers should also keep an eye on corporate governance reforms, new regulations introducing personal liability for directors for unlawful direct marketing, and two consultations on the future of audit.
Although contracts document a consensual commercial relationship between two parties working together to achieve common or overlapping business goals, they are also enforceable legal instruments that can have potentially devastating effects on businesses due to the imposition of liability. The legal and business personnel involved in the negotiation need to deal with this contradiction, and … Continue reading Playbooks help lawyers mean business
The pace of publication of Brexit statutory instruments (SIs) picked up this month. The government also continued to publish technical notices giving guidance to UK businesses and citizens on how to prepare for a no-deal Brexit.
Legal Geek 2018 attracted more than 2,000 people from over 40 countries and this year the event included a second stage aimed at the in-house market. It hosted some thought-provoking speakers and lively panel discussions, and one of the overarching themes was how customer behaviour is driving change and making digital transformation necessary for every … Continue reading Legal Geek 2018: key takeaways for in-house lawyers
The key agenda items this month include changes to the UK Immigration Rules, and the launch of consultations on further measures to tackle late payment of smaller businesses and mandatory ethnic pay reporting.
Why resilience training? Resilience can mean the ability to bounce back from disruption, stress or change, or a dynamic process that involves a personal negotiation through life that fluctuates across time, life stage and context, as defined by psychologists Tusaie and Dyer. More than ever, resilience has become also a necessary part of being a … Continue reading Resilience techniques for lawyers
This month the government published the second and third tranches of technical notices giving guidance to UK businesses and citizens on how to prepare for a no-deal Brexit. The Migration Advisory Committee also published its recommendations for the UK’s post-Brexit work immigration system.
Key items on the agenda for in-house lawyers this month include digesting the second tranche of no deal Brexit technical notices, the launch of a consultation on electronically executed documents, and a key decision on litigation privilege in internal investigations.
On 18 September 2018, I attended a roundtable discussion with Bracewell (UK) LLP partners Jason Fox, Oliver Irwin, Adam Blythe and John Gilbert to talk about the state of the debt and M&A in oil and gas markets.
Practical Law recently spoke with Yasmin Sheikh, founder of Diverse Matters, a consultancy that helps people have confidence around disability, both visible and non-visible. She is also Vice-Chair of the Law Society’s Lawyers with Disability Division. Across a series of three videos, Sheikh discusses diversity and inclusion in the workplace, breaking down what disability means … Continue reading Diversity and inclusion in the workplace with Yasmin Sheikh
An in-house lawyer’s edict when negotiating a contract is simple: “make sure our risk exposure is as low as possible” and of course, “let’s sign this as soon as possible!” How can a business translate its risk exposure into its contracts and how can the in-house lawyer facilitate the business with this? Practical Law Commercial’s … Continue reading Allocating and controlling risks in commercial contracts
In August, the government outlined its preparations for a no-deal scenario and published the first 25 in a series of “no deal” technical notices. No-deal Brexit speech “No deal” describes the scenario in which the UK and the EU fail to conclude a draft withdrawal agreement by the time of the UK’s exit from the … Continue reading Brexit: August 2018 round-up
Key items on the agenda for businesses this month include a consultation on a new Centre for Data Ethics and Innovation, the launch of an independent review of the Modern Slavery Act 2015, a report on gender pay gap reporting and publication of revised guidance on the strategic report.
The most significant developments in July were the publication of two government white papers: the first on the future UK-EU relationship, and the second on legislating for the withdrawal agreement between the UK and EU.
This month, in-house lawyers will be continuing to digest the new version of the UK Corporate Governance Code, which was published in July, together with the Financial Reporting Council’s (FRC) revised version of its Guidance on Board Effectiveness.
At Practical Law’s GC Leadership Summit last week, one demand was repeatedly made of external counsel by in-house lawyers: know our business. This doesn’t just mean knowing what a company sells, its share price, or where its offices are, which some firms still fail to familiarise themselves with. These are important, but in-house counsel want … Continue reading Working with external counsel: Building innovative and strategic partnerships
If you are a senior in-house lawyer and want to try something new it is easy to lock yourself into a “Head of Legal or bust” mentality (in the same way that private practice can be fixated on partnership) without looking at the other career options that are on offer. There is a lot more … Continue reading Want to change your career? Options for the senior in-house lawyer
Key developments in June included the European Union (Withdrawal) Act 2018 being given Royal Assent and the government’s publication of a UK proposal for an Ireland border backstop option in the withdrawal agreement.
The revised Corporate Governance Code and updated Guidance on the Strategic Report are due in July. Other key items on the agenda this month include consultations on personal liability for directors for nuisance calls, and on periodic financial information and inside information. Thomson Reuters is also hosting its annual GC Leadership Summit on 3 July … Continue reading What’s on the agenda for in-house lawyers in July 2018?
The European Union (Withdrawal) Bill 2017-19 completed its passage through the House of Lords this month. The Department for Exiting the European Union and the European Commission also jointly published a document setting out the topics for discussion in the negotiations on the framework for the future UK-EU relationship.
The General Data Protection Regulation (GDPR) became directly applicable across the EU today. Companies will be continuing to digest the raft of new and updated guidance on the GDPR that the Information Commissioner’s Office (ICO) published in the run-up to the implementation date. Other items on the agenda for businesses this month include the expected … Continue reading What’s on the agenda for in-house lawyers in June 2018?
The most significant Brexit developments this month centred around the European Union (Withdrawal) Bill 2017-19, which reached the Report Stage in the House of Lords.
Diversity, whether gender, ethnic or cultural, is an increasingly high profile issue for organisations. But how can organisations be convinced to implement the changes required to ensure diversity? The persuasive economic and business case for embracing diversity often leads back to a 2015 report by McKinsey & Company, which was updated earlier this year. The … Continue reading Updating the business case for inclusion and diversity
By far the most significant developments this month surround data protection and privacy. On 25 May 2018, the General Data Protection Regulation ((EU) 2016/679) (GDPR) will become directly applicable in all EU member states.
The key development this month was the publication of a revised version of the draft Article 50 withdrawal agreement, which highlights the areas on which the European Commission and the UK government now agree.
Key items on the agenda for businesses this month include the due date for publication of the first gender pay gap reports and the continuing countdown to implementation of the General Data Protection Regulation ((EU) 2016/679) (GDPR).
The most significant development in February came right at the end of the month when the European Commission published a draft text of the UK-EU withdrawal agreement.
Key items on the agenda for businesses this month include the countdown to implementation of the General Data Protection Regulation ((EU) 2016/679) (GDPR) and the government’s response to the Taylor Review of Modern Working Practices.
In February’s vlog, I discuss ongoing preparations for the General Data Protection Regulation (GDPR), the consultation on amendments to the UK Corporate Governance Code, the government’s response to the Taylor Review, the feasibility of virtual-only AGMs, the government’s new Office for Product Safety and Standards and other developments on the horizon for April 2018 and beyond. … Continue reading February vlog: less than 100 days before GDPR implementation
Several Brexit-related Bills continued their passage through Parliament during January, including the European Union (Withdrawal) Bill 2017-19, the Trade Bill 2017-2019 and the Sanctions and Anti-Money Laundering Bill. Near the end of the month, the General Council (Article 50) adopted a Council Decision and supplementary negotiating directives for the Brexit negotiations, which set out the … Continue reading Brexit: January 2018 round-up
Key items on the agenda for businesses this month include the expected publication of secondary legislation on corporate governance reform and the deadline for responses to the FRC consultation on proposed revisions to the UK Corporate Governance Code.
The breakthrough in Brexit negotiations which enabled the European Commission to recommend that sufficient progress had been made to proceed to the next phase of Article 50 negotiations was by far the most significant development in December.
“Although automation is having an impact on legal services, LawTech is lagging behind other sectors, such as FinTech and RegTech.” This was one of my key takeaways from a recent AI for professional services event that helped contextualise the progress that the legal sector has made in adopting new technology.
Corporate governance remains near the top of the agenda for businesses following the FRC’s publication of its consultation on proposed revisions to the UK Corporate Governance Code. Companies will also be interested in the publication of the new UK Anti-corruption Strategy and upcoming changes to the UK Immigration Rules.
Business units in all organisations with a calendar year end are likely looking at the business plans and their allocated budgets for 2018 and wondering how they are going to deliver more with less next year. In-house legal teams are no different and this is a good moment for legal leaders to take stock of … Continue reading New legal sourcing toolkit and panel review case studies
Two key Brexit-related Bills were introduced into Parliament in November: the Taxation (Cross-border Trade) Bill 2017-19 and the Trade Bill 2017-2019. David Davis also announced that a Withdrawal Agreement and Implementation Bill (which will implement into UK law the major policies in any withdrawal agreement agreed between the UK and the EU) will be brought … Continue reading Brexit: November round-up
Key items on the agenda for businesses this month include responding to the FRC’s review of the UK Corporate Governance Code, maintaining a focus on improving gender diversity at leadership level and continuing to prepare for the GDPR.
The European Council’s conclusion that sufficient progress had not yet been achieved in Brexit negotiations on withdrawal matters to move on to discussing the framework for the future relationship and transitional arrangements was the most significant development in October.
Reflecting on Richard Thaler’s Nobel prize for Economics in recognition of his work on ‘nudge’ theory, in November’s vlog I highlight a number of recent initiatives where smaller organisations are being gently encouraged to follow guidance or regulation aimed at larger ones.
Winmark and Clyde & Co recently published the 2017 Looking Glass Report. The 2017 report focuses on risk management in the context of a risk landscape which is “increasingly complex, uncertain and difficult to read” – and highlights the role of the GC in assisting their organisation to respond to this changing environment. The report’s … Continue reading Through the Looking Glass: contrasting perceptions of the role of the GC in 2017
For those wondering how many sleeps are left until the GDPR comes into force, it was confirmed at the sixth annual Thomson Reuters Future of Data Protection Forum, which took place last Thursday, that there were only 161 business days remaining. With the looming deadline in mind, and a reminder in Ardi Kolah’s introductory address … Continue reading Counting down to GDPR: key messages from the Thomson Reuters Data Protection Forum
October’s vlog focuses on preparations for the General Data Protection Regulation (GDPR). Over 70% of respondents to our recent survey on GDPR compliance thought it would necessitate significant changes to some of their business processes but 13% hadn’t yet begun to tackling the task of compliance.
Theresa May’s Brexit speech in Florence and the fourth round of negotiations between the UK and the EU were the key developments in September. Earlier in the month, the European Union (Withdrawal) Bill 2017-19 received its second reading in the House of Commons.
Key items on the agenda for businesses this month include assessing the government’s proposals on corporate governance reform, continuing to prepare for the GDPR and several changes to intellectual property legislation.
The UK government published a flurry of Brexit position papers in August, including papers on continuity in availability of goods and confidentiality, and access to documents; the exchange and protection of personal data; cross-border civil judicial cooperation; and enforcement and dispute resolution.
Key items on the agenda for businesses this month include the expected publication of the Data Protection Bill, the coming into force of the corporate offence of failure to prevent facilitation of tax evasion and dealing with the implications of the Supreme Court’s judgment on employment tribunal fees.
The key developments this month were the government’s introduction of the European Union (Withdrawal) Bill 2017-19 and publication of a joint UK-EU technical note on citizen’s rights.
It is now over a year since the first organisations were required to start producing their slavery and human trafficking statements in compliance with section 54 of the Modern Slavery Act 2015, making it possible to assess and compare the large number of statements already published.
The key developments this month were the formal start of Brexit negotiations and the publication of several Brexit-related Bills in the 2017 Queen’s Speech.
Practical Law has published a report on the results of the survey I previously wrote about which sought to examine how in-house lawyers, and the organisations they work in, were approaching Brexit. The report can be accessed here and is also available in PDF format.
Key items on the agenda for businesses this month include digesting the implications of the new Bills and proposals announced in the Queen’s Speech, reviewing a report on directors’ remuneration voting trends and continuing preparations for GDPR.
Key developments in May included the European General Affairs Council’s authorisation of the opening of Article 50 negotiations and adoption of the first set of negotiating directives. The European Commission also published draft position papers on citizens’ rights and financial settlement, while the House of Commons Library released a briefing paper on options for the … Continue reading Brexit: May round-up
The key event this month is the general election on 8 June. In-house lawyers may also be interested in new research highlighting an increase in legal cases against FTSE100 companies and the expected publication of the Taylor review on modern employment practices.
The Conservative Party, Labour Party and Liberal Democrat Party have published their manifestos for the General Election on 8 June 2017. They contain several policy statements of interest to in-house lawyers.
Key developments in April included the European Council’s adoption of EU negotiating guidelines for Brexit and the publication of a report by the House of Commons Exiting the European Union Committee on the UK government’s negotiating objectives.
Theresa May’s announcement of a general election on 8 June 2017, and the accompanying period of “purdah”, will have an impact on several issues that in-house lawyers have been tracking recently, in particular the various proposals on corporate governance reform. Other notable developments this month include final guidance on gender pay gap reporting and two consultations … Continue reading What’s on the agenda for in-house lawyers in May 2017?
You may already be aware that Practical Law’s In-house team has compiled a survey with a view to understanding how organisations are reacting to the Brexit vote, but if you have not already participated and would like to do so, you can access the survey by following this link.
I have recently attended two events organised by Thomson Reuters. The first was a day dedicated to knowledge management – specifically management of legal know how; the second was devoted to analysis of trends and developments in insurance law. Despite their different subject matters, significant portions of both days were given over to the common … Continue reading The rise of the machines: new technology and its impact on the professions
Key developments in March included the government triggering Article 50 of the Treaty on European Union and publication of the government’s White Paper: Legislating for the United Kingdom’s withdrawal from the European Union.
Key items on the agenda for businesses in April include the start of the first reporting periods for large companies on payment practices and performance, the countdown to go-live for the Small Business Commissioner’s complaints function and data gathering in anticipation of the first gender pay gap reports. April is typically a busy month for … Continue reading What’s on the agenda for in-house lawyers in April 2017?
Alternative suppliers comprise a new and fast-growing sector of the legal market. According to a study by Thomson Reuters Legal Executive Institute, The Center for the Study of the Legal Profession at Georgetown University Law Center and Saïd Business School at the University of Oxford, alternative legal service providers (ALSPs) now account for $8.4 billion … Continue reading Alternative legal service providers study: key points for in-house lawyers
Key developments in February included publication of the White Paper setting out what the UK government seeks to achieve in negotiating the UK’s exit from the EU and the progress of the European Union (Notification of Withdrawal) Bill 2017 through Parliament.
Key themes and developments on the agenda for businesses in March include corporate governance, guidance on audit tendering, the launch of the National Cyber Security Centre and the spring Budget.
On 14 February Matthew Taylor, Chief Executive of the RSA, and his team held the first of ten town hall events designed to gather evidence for the Taylor Review on Modern Employment Practices, which was launched on 30 November last year. Fittingly, for a review inspired in part by concerns about the status of those … Continue reading Modern employment: back to the future?
Key themes and developments on the agenda for businesses in February include a consultation on the reform of corporate criminal liability, guidance on the duty to report on payment practices and performance, and assistance with complying with the General Data Protection Regulation.
There have been several important Brexit developments in the past few weeks, including the Supreme Court’s decision on triggering Article 50 and publication of the government’s European Union (Notification of Withdrawal) Bill.
Key themes and developments on the agenda for businesses in January include the government’s Green Paper on corporate governance reform, the duty to report on payment practices and performance and the rise of the “gig economy”.
The High Court has applied the controversial Court of Appeal decision in Three Rivers (No 5) holding that certain employees of the Royal Bank of Scotland (RBS) did not form part of the “client” for the purposes of legal advice privilege.
This round-up summarises the developments that generated the most interest from in-house lawyers in the past three months, including government proposals on corporate governance, preparing for the GDPR, the EU-US Privacy Shield, Brexit and several interesting High Court decisions.
Key themes and developments on the agenda for businesses in December include government proposals on corporate governance reform, reports on improving board diversity, ending quarterly reporting and continuing preparations for GDPR. There are also some developments to look out for which are expected in early 2017.
Key themes and developments on the agenda for businesses in November include the Chancellor’s Autumn Statement, evaluating the first international anti-bribery management system standard and reviewing the Criminal Finances Bill. All in-house lawyers should also be aware that the new CPD regime will become compulsory on 1 November.
On 28 September 2016 the FCA published a discussion paper (DP16/4) on whether the person who has overall responsibility for the legal function (the GC) at a bank, building society, credit union or PRA-designated investment firm (a Regulated Firm) should be a Senior Management Function (SMF) and therefore subject to the senior managers regime (SMR). If a GC … Continue reading FCA discussion paper on the impact of the senior managers regime on the in-house legal function
This round-up summarises the employment-related developments that generated the most interest from in-house lawyers in the past three months, including the delay of the gender pay gap reporting regulations, the introduction of the illegal working offence and the implications of Brexit on employment law in the UK. It also highlights several key employment cases.
Key themes and developments on the agenda for businesses in October include a likely consultation on a proposed Criminal Finances Bill, an inquiry into corporate governance and new minimum wage rates.
Key themes and developments on the agenda for businesses in September include reviewing revised directors’ remuneration reporting guidance, analysing the issues for boards to consider in the light of Brexit and keeping track of EU-US Privacy Shield developments.
Many of us are still getting over the shock of the UK’s unexpected decision to leave the EU. Politicians of all hues in the UK and across the continent, sent into a spin, begin to grapple with the geopolitical and economic consequences. Theresa May’s fledgling UK government starts to contemplate its Brexit negotiation strategy. The … Continue reading Approaching the Brexit maelstrom: steadying the ship and readying the crew
This round-up summarises the developments that generated the most interest from in-house lawyers in the past three months, including Brexit, the formal approval of the General Data Protection Regulation, the implementation of the Market Abuse Regulation, the anti-corruption summit, the first compensation order for workers kept in modern slavery, and a number of interesting commercial … Continue reading In-house round-up: Summer 2016
Key themes and developments on the agenda for businesses in July include dealing with the implications of the EU referendum result, the introduction of the new EU market abuse regime and the publication of the Briggs review of the civil courts structure.
Key themes and developments on the agenda for businesses in June include the EU referendum, responding to announcements made at the anti-corruption summit, changes to company filing requirements and starting preparations for the introduction of the General Data Protection Regulation.
I recently read Tom Bangay’s blog post on how the UK arm of international energy company E.ON reduced its pool of external legal advisors from around 40 to just one: Pinsent Masons. The post highlights four key themes that will resonate with businesses.
Key developments on the agenda for businesses in May include the approval of a new EU Trade Secrets Directive, a consultation on the E-Privacy Directive and changes in the recruitment industry.
This round-up summarises the developments that generated the most interest with in-house lawyers in the first three months of 2016, including the new PSC register requirements, Brexit, gender pay gap reporting, EU and US privacy shield and the 2016 Budget.
Key developments on the agenda for businesses in April 2016 include the introduction of the PSC register and the national living wage, and the adoption of a new directive on trade secrets. The adoption of the new General Data Protection Regulation is now not expected until the summer.
Key developments on the agenda for businesses in March 2016 include the publication of gender pay gap regulations, the start of modern slavery reporting and the UK Budget.