Globe Law and Business – serie

The Association of International Petroleum Negotiators (AIPN) model form joint operating agreement (JOA) was first issued in 1990 and has undergone a number of subsequent revisions. It is the most widely-used (although not always the most liked) joint operating agreement in international conventional oil and gas projects today. This book offers a pragmatic, detailed clause-by-clause review of the most recent (2012) version of the conventional petroleum AIPN JOA. Each clause is analysed in depth by reference to: (1) a statement of what the clause says; (2) a summary of the intended meaning of the clause; and (3) observations on how the clause tends to be modified in practice and might be improved. The book also analyses the major appendices of the AIPN JOA, including the accounting procedure and the lifting procedures. This book is written by experienced practitioners who together have many years of knowledge and understanding in redrafting, negotiating and applying the AIPN JOA. It will be invaluable to legal representatives, financiers, commercial managers, operational personnel and government parties who are dealing with the AIPN JOA, whether for the first time or from a position of relative familiarity.

This special report focuses on law firms' gender pay gaps with statistics from the top 50 law firms. This follows the new UK government regulations that came into force in April 2017 which required statutory reporting of the gender pay gap for the first time. The report analyses what individual law firms are doing to fix the gender pay gap, including work allocation, mentoring, maternity support, parental leave, women's lawyers networks with analysis from HR directors and lawyers. The report also analyses the tricky question of whether equity partners' should also reveal their pay gap and the individual choices taken by leading city law firms. It also includes coverage of the Business, Energy and Industrial Strategy Select Committee on what action is being taken to address the gender pay gap and comment from the TUC.This cutting edge new report will be essential reading for law firm management and every practitioner interested to understand the gender pay gap in law and how women can be supported in their roles.

This special report is a practical, experience-based guide to personal development at every stage of a lawyer’s career. The author draws on over 30 years as an international commercial lawyer and senior partner in a Magic Circle firm to offer a roadmap for moving from a “What’s expected of me?” mindset to self-leadership and leadership of others.The report’s main theme is that retaking autonomy and control can transform engagement and fulfilment in a legal career. Topics covered include career planning, confidence, fulfilment, wellbeing and work-life balance, building an internal support network and “trusted adviser” client relationships, communication and feedback, project management, commerciality and understanding value from the client’s perspective. It also contains a section on pre-retirement planning.The special report is above all practical and contains a wealth of tools and templates developed by the author for career planning, self appraisal and project management.

As a result of Brexit, and the subsequent move by companies and organisations from London to continental European capital cities (eg. Amsterdam, Frankfurt, Paris), as well as further globalisation and analysis of referral work, international law firms have made it a strategic priority to expand their capabilities and to enter new markets. They can do so by merging with or taking over a national independent law firm, via lateral hires and/or by the onboarding of teams. Each of these strategies requires a thorough approach and methodology.Strategies for Growth in Law Firms, coordinated by Gerard Tanja and Robert van Beemen of Venturis Consulting, explores some of the crucial elements relating to international growth strategies in the legal sector: law firm mergers, market entries, the onboarding of teams, and the development of international referral strategies. It includes coverage of:•Which strategies international firms pursue with a market entry;•How they identify and assess the (potential) candidate firms;•How they ensure they hire the right teams; and•What national independent boutiques (as popular candidates) take into consideration when merging with an international firm.It provides in-depth insights, practical tools and case studies regarding the methodologies, execution and implementation of growth strategies for law firms, as well as an overview of the developments in the various international legal markets (Europe, Asia, Latin-America) and of the different international growth strategies pursued by international law firms, the Big 4 and alternative legal service providers, including the implementation of these strategies (post-merger integration).This title will be of use to both international law firms and national boutique firms in the US, UK, EU and Asia. It provides valuable guidance for managing directors, business development directors, partners and managers responsible for the development of the international network of law firms, and general counsel will also find it beneficial.

Regulation, compliance and ethics are the three common features of all well-run law firms. Without an understanding of regulatory expectations, compliance duties and ethical behaviours, a firm runs the risk of censure, adverse publicity, and client dissatisfaction.In November 2019, The SRA replaced the SRA Handbook with a new regulatory toolkit called the SRA Standards and Regulations. Solicitors and everyone working in authorised law firms are now expected to achieve the behaviours in the S & R. The second edition of Regulation, Compliance and Ethics in Law Firms has been updated to include the following:• An overview of the changes introduced by the S & R;• Commentary on the SRA Principles and the challenges of ensuring the right response in an individual's professional andprivate life;• An explanation of the two Codes of Conduct and the correct compliance response in law firms;• Updated disciplinary decisions; and• Case studies from leading practitioners and compliance experts.It is essential that law firm owners and managers acknowledge and have strategies to accommodate risk management, regulatory and legal compliance and ethical values in their business. They must also have a common understanding as to how this will be achieved. This guide is intended to provide lawyers with the language, arguments and practical solutions which are needed to make this happen.

Virtually every business is involved in advertising and marketing in one form or another. However, advertising is subject to a complex and often daunting web of law and regulation. Although in many cases there have been attempts to harmonise relevant laws, there are still significant national variations. Furthermore, in recent years digital marketing and targeting methods have changed the face of the advertising industry beyond recognition.Updated for 2020, International Advertising Law addresses the relevant law and regulations, as well as setting out practical considerations. The book covers key areas of advertising law such as local complaints procedures and enforcement, comparative advertising, influencer campaigns, sales promotions, ambush marketing, product placement, direct marketing and online behavioural advertising. The book also addresses the particular requirements in certain industries that are subject to specific advertising regulations (eg, gambling, alcohol, pharmaceuticals, financial products/services, food and tobacco/e-cigarettes).Edited by Paul Jordan, partner and head of advertising and Andrew Butcher, senior associate at UK law firm Bristows, this book includes chapters from leading experts in 30 jurisdictions. This new edition of International Advertising Law is essential reading for lawyers, in-house counsel, advertising executives and anyone else involved in the advertising/marketing industry. The book serves as an invaluable and straightforward guide to navigating these complex legal and regulatory regimes.

Is outsourcing right for your law firm?Law firms of all sizes are discovering opportunities from outsourcing some of their core operating functions that have traditionally been performed in-house. This Special Report outlines a highly firm-specific approach to identify and prioritise the components of a business case for outsourcing, as well as in-depth examinations of three representative types of outsourced services that are available to law firms:*Patent research;*Cybersecurity; and *Large-volume document review. It will examine their potential impacts on a law firm's bottom line, and the frequently encountered management challenges in a law firm's relationship with its external service provider. It concludes with a look at the future of outsourcing in the legal services industry.Edited by Norman K Clark, this report is a step-by-step guide to a well-informed outsourcing decision as well as a roadmap for implementing it in a way that produces the best return on the law firm's investment of management attention and resources. It will be of interest to anyone considering the option of outsourcing their core legal service functions, including small and mid-sized law firms, both those in general practice and specialised boutiques.

Corporate legal teams and law firms have made significant investments in their legal project management programmes over the past few years. It is time to take stock and, more importantly, envision future interventions. What are the decisive strategies and actions to expedite the value creation of those programmes?In this book, an international group of 27 experts comprising private practitioners, in-house counsel, technologists, legal operations managers and legal management consultants offer unique perspectives and insights to help you take your legal project management programmes to the next stage. Topics covered include:•Methodology;•People management;•Communication and interaction;•Data and performance; and•Implementation of legal project management programmes.Written by practitioners for practitioners, this title will benefit General Counsel, legal COOs, managing partners, practice leaders and other executives running legal services delivery teams who have initiated legal project management programmes and seek new ideas and inspiration for more value creation. Practical and illustrative examples, case studies and many shared experiences direct the reader towards the next level of proficiency in legal project management – future-proofing your matter management.

Following a relatively slow start to embrace the direct application of concepts that have revolutionised the tech and manufacturing sectors, law firms are increasingly placing ‘Agile’ – described as “the best kept management secret on the planet” – on their business development agenda. In response to Covid-19, many firms have proven their capacity for agile decision making and have accelerated their development of a more agile working model. But this requires more than digitisation and remote working.This Special Report is the essential guide for every law firm leader who wants to move beyond the reactive to the strategic adoption of proven agile principles. Being able to adapt smartly to client needs, competitor threats and employee expectations are at the core of this report, which is built around a self-assessment tool and practical framework for implementing Agile.This Special Report covers:•What is Agile and how has it been used across industries? Explores the most important uses of agile thinking and models, from those that have transformed the worlds of technology, consumer products and complex projects, to the hybrid agile working model that many law firms seek to adopt post-Covid-19;•Why Agile? Looks at where adopting agile principles in your firm will make a difference and how these ideas connect with client value, digital transformation, innovation and collaboration;•Where can we utilise Agile in law firms? Examines the different parts of a law firm and explains which agile models and tools can be used where, using legal sector case studies;•How Agile are you? Outlines a practical diagnostic for assessing your level of agility in each area of the firm; and•What next? Covers planning and implementing an agile programme, from mindset and language change to organisational design and client engagement.The report also provides examples of Agile programme outlines for law firms large and small which can be adapted depending on individual needs. In short, this report includes everything law firm leaders need to get started on their own agile journey.

This Special Report contains candid interviews with managing and senior partners of law firms large and small, from Europe and the City to the high street and Africa.We do not hear enough about running law firms from those who do the job. Here they talk frankly, free from jargon and management-speak, about their careers and what their role is really like. The interviews will cover everything from their first jobs to becoming a partner and reveal their key pieces of advice for all current and aspiring senior partners.Most lawyers have to manage others at some point in their careers and anyone with management responsibilities in a law firm of any size will gain something from the hard-won experience of these leaders.The report features interviews with, among others, Edward Braham (Freshfields, Bruckhaus Deringer), Kathleen Russ (Travers Smith), James Palmer (Herbert Smith Freehills), Rafael Fontana (Cuatrecasas), and Olayemi Anyanechi (Sefton Fross), providing readers with a variety of perspectives on running a law firm.By lawyers, for lawyers, this report from senior members of the profession tells personal stories about their pathways to the law and gives their views on clients, management, the role of lawyers in society and the issues of the day. It will provide lasting and critical insights into the profession at this time of change and disruption.

In September 2020 the UK signed its first major free trade deal as an independent country outside the EU, with Japan. This deal is viewed by the UK government as the first step in joining the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), a free trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Further, Joe Biden’s presidency is expected to result in the United States joining the partnership and, with the US and the UK, the CPTPP would be the largest free trade bloc by GDP in the world. Where there is close trade between countries regulated by a free trade agreement, there is also the need for rigorous intellectual property, in particular patent protection, especially in the pharmaceutical, biotech and telecoms sectors. Companies need to know: • that their technology will be protected;• the scope of that protection; and • how it can be enforced. In particular, this book will provide readers with a structured account of the relevant enforcement procedures and substantive patent law in each country, enabling a quick compare and contrast to be made between countries and the identification of relevant issues. In-depth country chapters featured include: US, Japan, South Korea, UK, Canada, Australia, Singapore and New Zealand.Patent Enforcement in the UK and Trans-Pacific Countries is an essential guide for private practitioners, in-house lawyers and other professionals with responsibility for intellectual property who are interested in the Trans-Pacific region.

The potential use of space for military purposes has, since the end of the Second World War, been intrinsically linked to the development of space technology and space flight. The political relevance of outer space continues to be recognised by nations, particularly the strategic benefit of Earth observation from outer space as a national security tool. However, the dual-use potential of many space applications increasingly blurs the distinction between the military and non-military uses of space. In fact, many States have openly declared their willingness to protect their space assets by military means and some have even described outer space as a war-fighting domain.Non-State entities are becoming more and more involved in outer space activities, including the use of satellites for navigation purposes, the transportation of supplies to the International Space Station and the offering of tourist flights into outer space. Private operators have significantly increased activity in the launch of satellites and in 2021 no less than three private space companies (Virgin Galactic, Blue Origin and SpaceX) conducted successful space tourist flights.Today in all space-faring countries, the space industry contributes to national GDP and supports the labour force. It also serves as a catalyst for technological advancement and productivity growth, and has become an integral part of the day-to-day lives of people around the world. Consequently, the socio-economic benefits of space technology (in particular satellite technology) have made the development of space programmes an increasing necessity for developing States.Outer space has become a congested environment. The involvement of private actors, specifically, has given rise to a number of legal issues, including questions pertaining to liability, insurance, space debris, human rights and property rights in space.To address these legal uncertainties, the existing chapters in the second edition of Outer Space Law: Legal Policy and Practice have been updated significantly and several new chapters have been added dealing with topical issues including:the regulation of satellite navigation systems, and satellite constellations;the application of human rights in outer space settlements;the exploration and colonisation of outer space; andplanetary protection.The second edition of Outer Space Law: Legal Policy and Practice remains aimed at readers looking for a single title to understand the key issues relevant to the space sector, by also emphasising the practical application of those issues. The book will be specifically relevant to legal practitioners, academics and State departments primarily working in the space arena, as well as to those in other related sectors such as IT and media, insurance and political science. Edited by Yanal Abul Failat, lawyer at the international law firm Fasken, and Professor Anél Ferreira-Snyman, a professor of law specialising in international space law at the University of South Africa, the book includes contributions by leading experts from space agencies, space venturers, lawyers, economists, insurers, academics and financiers.

Exits are the lifeblood of private equity: for private equity investors, at the top of their list of priorities when making an investment is an understanding of when and how they will realise it in due course. The methods of exiting private equity investments have developed over the years, and particularly as a result of the hyper-competitive market for quality assets and disruption caused by global macro-economic events such as the novel coronavirus pandemic.To the usual trade sales and initial public offerings (IPOs) have been added secondary, tertiary (and more) buy-outs, refinancings, partial sales, private equity house spin-outs, liquidations and an increasing number of “fund-to-fund” transfers. In these uncertain times, private equity houses will continue to put a significant focus on what options might be available to them to realise their portfolio investments, being mindful of not just the economic risks, but also the legal, tax, regulatory and reputational issues at stake. Management teams are key to this process and their economic, commercial and personal priorities cannot be underestimated in what is a very complex environment of often conflicting aspirations.This practical guide features contributions by leading specialists (including from Latham & Watkins, Linklaters, Macfarlanes and Ropes & Gray) on a range of topics linked to the exit of private equity investments. Topics featured include preparing for exits, vendor diligence, management issues, auction sales, partial exits, private equity house spin-outs, IPOs, refinancing, winding-up, tax and perspectives from Luxembourg, the US and views on the emerging markets.The third edition also includes analysis on emerging and established trends impacting exit terms, including early management liquidity, the prevalence of insurance solutions and related party or fund-to-fund exits.Together, the contributors provide an invaluable guide to the legal, regulatory, tax and practical elements in play. Whether you are a lawyer in practice or in-house, this commercially focused title will provide you with an invaluable all-round overview of private equity exits.

In-house practice is an increasingly popular career choice, both for new entrants to the profession and for individuals moving away from traditional private practice. The opportunities are exciting but the challenges of being a regulated individual in a different environment should not be underestimated.In-house counsel must be able to identify and comply with the non-negotiable regulatory and ethical duties expected of them by the Solicitors Regulation Authority. Whereas private practitioners have the benefit of safety in numbers in a team environment with common professional objectives, this is not automatically the case for in-house counsel. The latter might be used as the ethical voice or heartbeat of their organisation, but it is not uncommon for them to be regarded as the facilitators of advice about how to find ways round obstacles, or to shoulder the blame if there is criticism. Being an in-house solicitor requires an understanding of tensions that might not exist in private practice and knowing when to challenge inappropriate behaviour.This book provides guidance on essential regulatory and ethical knowledge. The challenges of in-house practice are discussed with commentary on the tensions that might exist such as when the business is global or when business risks are not managed properly. There is analysis of team leader responsibilities and a discussion of the pinch points of being employed as lone lawyer. It also contains contributions from thought leaders and experts, and case studies and examples of disciplinary action are used to support your understanding of this essential topic.

Family philanthropy around the world is a dynamic and important part of the overall social change landscape. However, with more and more individuals and families involved in this space and the ever increasing variety of approaches and choices, it is a vast and sometimes confusing subject and it can be difficult for families and their advisers who have an interest in philanthropy to know where to begin.This Special Report aims to demystify the topic and presents in a clear and easy-to-understand format the philanthropy choices available to families. Edited by Barbara R Hauser, it brings together a variety of international experts including from Rockefeller Philanthropy Advisors, Farrer & Co and the National Philanthropic Trust, who cover, amongst other key topics:How families can make decisions about their philanthropy activities;Donor advised funds;Ways in which families can support cultural organisations, such as museums; andLeaving a legacy for the next generations.There is also consideration of philanthropy in different jurisdictions, and the growing impact of wealthy women with inspiring examples from around the world.Whether read in one sitting or used as a resource to dip into when specific topics are of interest, this unique collection is designed to inspire families thinking of philanthropy, and will be essential reading on this important topic.

As the world begins to recover from the global pandemic, companies and individuals are faced with increasing risks and uncertainty. There are stock market fluctuations, heightened international tensions, and the full effects of Brexit which are yet to be felt, as well as India and China emerging as economic superpowers challenging for the first time the supremacy of the United States and EU. Coupled with this is the now daily occurrence of cyber attacks, enhanced scrutiny of cultural perspectives within the business world following the #MeToo and Black Lives Matter movements, and ever-present threat of climate change, this issue now front and centre in boardrooms.Amid all this directors are subject to more legal scrutiny than ever. In the six years since the last edition was published, companies’ laws and financial regulations have been updated, and there is more diligent and better resourced enforcement of bribery and corruption laws. Shareholders around the world enjoy more extensive rights to hold directors to account than ever before, and directors are less likely to be forgiven for ignoring their responsibilities. They are looking ever more closely at the protection available to them, through both indemnification and directors' and officers' (D&O) insurance, the latter having recently been through the “hardest” market for decades, with reductions in the amount of cover available and significantly increased premiums, partly as a result of the increase in volume and severity of directors’ claims.Nonetheless, the exposures that directors face and the extent to which indemnification and insurance may provide protection around the world are still very nuanced; there can be no “one size fits all” approach. The fourth edition of this title features fully updated contributions from leading legal experts around the world on what directors need to be concerned about in 2022 and beyond, together with the protections available. Each chapter follows a set structure (updated for this edition) which includes commentary on the risks of civil, criminal and regulatory claims against directors, and addresses the availability of indemnification and D&O insurance. New features of this edition include greater scrutiny of criminal vs regulatory liability, forecasting of particular trends, and the insurability of fines and penalties in the jurisdictions covered. The fourth edition also includes new chapters on Jersey and Guernsey (Offshore), Sweden (Nordics) and Saudi Arabia.This title will be an essential reference guide for directors, officers, in-house counsel and private practice lawyers advising them. It will provide a starting point for their assessment of today’s legal exposures and assist with the management of their business risks.

In-house lawyers need and want to develop their professional and management skills. But unlike lawyers practising in law firms, there may not be dedicated resources designed to support them. It will often be a case of DIY.Managing and Developing Your Career as an In-house Lawyer by Ian White and Simon McCall is a companion to their report Your Role as General Counsel: How to Survive and Thrive in Your Role as GC. It seeks to provide practical ideas and tips on how a busy in-house lawyer can actively manage their own development. The aim is to help them perform more effectively in their current role and also prepare them for promotion or a move elsewhere.It covers:Taking responsibility for your own development;Being a businessperson as well as a lawyer;Doing an MBA – or recreating the MBA experience by learning from other people in the business;Moving into a leadership role;Honing key personal skills – delegating, giving feedback, listening, motivating;Becoming a coach or mentor to your team;Developing your career beyond the GC role – within or outside your organisation; andTaking on a non-executive director role.This Special Report is essential reading for any in-house lawyer wanting to continue learning and developing and enhance their career prospects. It is relevant for recently appointed in-house lawyers all the way up to more established GCs.

There is a widespread and growing acceptance in legal services organisations worldwide that dealing with stress and burnout is not just the responsibility of the individual lawyer. The mitigation and prevention of excessive stress in the legal workplace are now being recognised as critical management responsibilities. This expectation has serious measurable implications and consequences for managing partners, general counsel and other leaders.This practical guide summons lawyers, leaders and managers to greater alertness about stress-producing factors in the workplace and to more effective applications of practical responses and methods in the special conditions and circumstances of the practice of law in today’s often intense and highly competitive environment. It is written expressly for professional colleagues who want to work together in common cause to bring greater awareness to wellness needs and to minimise excessive stress or distress in the legal workplace, positively impacting workplace culture, professional relationships, firm reputation, talent retention and profitability.Written by a world-recognised counselling psychologist, who has worked exclusively with the people and organisations in the legal services industry for more than twenty-five years, it focuses on actions, not theories and philosophy, that any leader and legal services organisation can begin to use immediately to make sustainable investments in the well-being of its people.

The petroleum industry is highly specialised. Over the centuries, it has developed many standard petroleum arrangements and contracts that are not familiar to all across the industry - and even less to the outside world. Each has its own detailed terms and provisions.This new edition uniquely combines an encyclopaedia with commentary on both midstream and downstream activities. The topics it covers include energy policies; the relevant players in the sector - from governmental authorities to national oil companies; gas storage; the regulatory and contractual frameworks governing gas and sales agreements; liquefied natural gas; pipelines; distribution networks; and refineries. It has also been expanded with new chapters covering topics such as:Shipping;Antitrust;Third-party access;Taxation; andESG.This approach enables all those involved in the petroleum industry to master the necessary legal terms in one publication. Chapters are written by leading experts from across the globe to provide the best industry practices and standards.The encyclopaedia will serve as a valuable tool for lawyers, industry professionals, consultants and academics who are interested in understanding the key legal terms and provisions of the oil and gas industry.

Wind energy is one of the leading renewables technologies, and is now a fast-paced, global and high-value sector. Since the first edition of this book was published, the scale of projects has risen to many multi-gigawatt projects; the number and scale of developers and professionals in the sector has increased exponentially; the size of turbines has gone from around 3.5MW to 15MW+; and the opportunities in new geographies have galvanised the sector. The number of financiers and investors active in the sector has grown correspondingly. With this growth have come challenges, including increasing politicisation, revenue pressures, competition and decreasing returns. New geographies and technological innovations introduce complex additional issues to address.As the sector has grown, it has developed wind-specific arrangements that are adapted to its unique attributes as a technology. These characteristics flow into the wind sector’s bespoke commercial, regulatory, industry, financial, legal and investment arrangements. In addition, there has been significant evolution in each stage of the process, from business development and new opportunities, and securing onshore and offshore land rights, to the approaches of consenting authorities and successfully navigating a dynamic contracting market. The prize is worthwhile, with well-structured projects remaining a favourite among financiers and being highly sought after in the M&A market.This timely new edition of Wind: Projects and Transactions explores how the sector has changed drastically over the past 10 years. The expert contributors to this edition have been involved on the frontline, as architects of many of the changes or as advisers guiding clients through the increasingly diverse areas encountered in the development of wind projects. Project and transactional aspects of the industry are comprehensively analysed, to ensure readers are able to understand the market, what has changed and where further evolution in the existing arrangements is expected or needed. Topics include the legal, industry and regulatory frameworks involved; consenting; insurance; project financing; power purchase agreements and subsidy arrangements; and geographical analyses that provide a regional overview of the key differences in wind energy developments on different continents.As a practical handbook, this title will give readers a firm grasp of the wind energy industry from both a business and legal perspective – a necessity for those seeking to develop, invest in, regulate or understand what is, alongside solar photovoltaic, currently the most credible of the renewable technologies.

Electricity storage is at the heart of the global shift to clean energy, enabling flexibility, reliability and the integration of renewables. Falling technology costs, ambitious climate targets and surging investment have made storage one of the most dynamic sectors in energy today – but legal and regulatory frameworks are still evolving.This book offers a comprehensive guide to the commercial, regulatory and financing issues shaping storage projects worldwide. Combining specialist chapters on revenue models, construction, equity and debt financing with detailed country analyses across Europe, Asia-Pacific, the Americas, the Middle East and Africa, it equips lawyers, developers, investors and lenders with the insights needed to navigate this fast-changing market.Authored by leading experts across jurisdictions, it is an essential resource for anyone seeking to understand and capitalise on the opportunities electricity storage creates.

AI is reshaping the legal industry, transforming practices, and influencing behaviours of legal tech buyers and vendors alike. However, AI adoption introduces complex risks that require careful consideration. The Risks of Artificial Intelligence in Law is devoted exclusively to AI risks in law. Drawing upon the candid insights of over 30 legal professionals and technologists across various legal jurisdictions and the legal ecosystem, including voices from users and solutions providers, the authors provide balanced, peer-validated perspectives. Bearing in mind the rapid pace of AI development, this book goes beyond the legal and technological risks often discussed in general responsible AI debates (such as privacy, intellectual property, and reliability risks), to also analyse the operational and cultural risks faced by legal professionals.Privacy risks include breaches of confidentiality when lawyers use public AI tools, exposing sensitive client information to unintended parties. Intellectual property risks arise when external vendors gain access to proprietary legal team data, raising questions about ownership and misuse. Reliability risks are equally pressing – inaccurate AI outputs can lead to flawed advice, while the “black box” nature of some systems complicates accountability and adds verification costs. Operational risks reflect the other side of the coin – the cost of failing to use AI effectively. Lawyers that lag behind in adoption may lose efficiencies, opportunities, and ultimately market position. Cultural risks have the potential for profound long-term impact: generational divides in adoption, complacency among experienced practitioners, and diminished opportunities for junior lawyers to learn through traditional methods. Each chapter concludes by briefly outlining the strategic solutions legal teams may adopt to mitigate the risks discussed. For readers grappling with stalled pilots, disillusionment, or uncertainty, this book offers practical guidance to build literacy, manage risk, and make informed decisions in an evolving landscape.

The legal landscape governing ultra-high-net-worth (UHNW) and high-net-worth (HNW) families is evolving rapidly, especially as mobility and international relocation among non-domiciled individuals and British expatriates increases. For professional advisers and wealth-holding families, understanding the nuances of English family law – and how it compares to major wealth centres such as Singapore, Switzerland, the United Arab Emirates and the United States – is essential for effective planning and risk management.This book considers the key areas of family law relevant to UHNW families and their advisers as well as identifying important developments and trends for the future.As international families continue to relocate and diversify their asset bases, an integrated and comparative approach to family law is vital. Advisers to UHNW and HNW families must have an understanding of evolving legal principles and the impact of cross-jurisdictional issues on wealth planning.The family team and colleagues at Charles Russell Speechlys provide expert legal and practical guidance on how families can navigate the complex intersection of family, wealth and international law, including:nuptial agreements – international considerations and legal challenges;divorce proceedings – the importance and relevance of jurisdiction;financial settlements – the interrelation of trusts, family businesses and offices, and cases with interveners;private children law – key areas including disputes and relocation, and how this applies to the international family;key family-law issues including education matters, transparency in the family court, privacy and reputation, and personal injunctions;the rise of non-court dispute resolution with a focus on arbitration and mediation; andcomparative family law with key wealth centres across the globe.This publication is a key resource for UHNW families and their advisers, and for those with family offices and those advising individuals when there may be a crossover with family-law issues.

Transform your legal practice with strategy, not just technology.AI adoption in law has reached a tipping point, yet 95 percent of corporate AI initiatives show zero return. Legal leaders face proof-of-concept fatigue, partner skepticism, and unclear ROI. The problem isn't a shortage of tools – it's a shortage of strategy.AI with Purpose is a strategy-first playbook for legal leaders under pressure to "do something with AI" but who don't want to waste money on pilots that never scale. Rather than another tour of tools, the book introduces the Why Equation (Purpose + Clarity + Alignment) and shows how to translate strategic intent into execution through AI-first thinking, client-outcome metrics, and adoption strategies that account for the reality that lawyer attention is scarcer than budget.Key features include:A roadmap with gating criteria and success metrics.End-of-chapter checklists, governance templates, and decision frameworks.Strategies for shifting from billable hours to value-based pricing.Grounded in interviews with key legal transformation officers and experts.Case studies showcasing both wins and lessons learned.Whether you lead a global firm, manage a legal department, or drive innovation within your practice group, AI with Purpose is your blueprint for AI transformation that actually delivers results.

What does it take to develop and sustain a culture that values marketing, business development, and client care as shared responsibilities across the firm? Drawing on decades of experience advising law firm leaders, chief marketing officers, and partners, Building a Business Development Culture and Strategy provides senior management and practice leaders with actionable strategies for integrating business development into their organization's fabric.Through practical frameworks, candid interviews with firm chairs and CMOs, and real-world examples, the book shows how to empower professionals at every level to contribute to the firm's brand and growth. Not only does it demystify how a strong marketing culture is built – from leadership vision and governance to talent development, systems, and incentives – it helps readers understand how to do this in the context of complex, partnership-based environments.Now more than ever, firms are recognizing that isolated efforts, such as one-off trainings, CRM implementations, or inspirational retreats, won't transform behaviors. What's needed is a holistic approach driven from the top. This book fills that gap by offering managing partners, COOs, CMOs, and practice leaders a blueprint for building marketing cultures that align with firm strategy, reward collaboration, and sustain client loyalty.

Italy is a unique jurisdiction when it comes to trusts. Indeed, despite the fact that a trust cannot be governed by Italian law since the Italian civil law system does not provide for the trust institution, trusts have been recognised in Italy since the Italian ratification of the Hague Convention on the Law Applicable to Trusts and on their Recognition in 1989 and have been extensively used in the Italian context. Specific tax rules on trusts have been in force for many years, and extensive case law and administrative guidelines have clarified the legal and tax treatment of trusts in Italy.In recent years, Italy has become one of the most appealing jurisdictions in Europe for wealthy families to relocate to, due to the existence of a very appealing lump sum tax regime for new residents. This has further contributed to the use of trusts in Italy, considering that these families often benefit from trusts or establish trusts once residents of Italy.As the only book in English dedicated entirely to trusts in Italy, this publication is an invaluable tool for international wealthy families and their advisers on the legal and tax treatment of trusts in Italy. Italian lawyers, accountants and notaries will also find this essential reading given the significant use of trusts for Italian families and the professionals advising them.Edited by the head of Charles Russell Speechlys’ Italian practice, Nicola Saccardo, Trust Laws in Italy brings together insights and guidance from Nicola and fellow experts from Charles Russell Speechlys and other Italian professionals on topics such as the following:the recognition of foreign law trusts in Italy pursuant to the Hague convention;sham trusts;testamentary trusts;trusts and forced heirship;trusts and succession agreements;trusts and family law;taxation of trusts; andtrust accounting.The in-depth coverage and on-the-ground expertise makes Trust Laws in Italy a must-have book for global wealthy families as well as Italian and foreign practitioners, such as lawyers; accountants; notaries; bankers; trustees; wealth managers; single and multi-family offices; and legal associations. Trust Laws in Italy is the latest publication within a series of books on trust laws in different key jurisdcitions.

Pension scheme deficits are rarely out of the headlines. Never in their history have they enjoyed their current notoriety, nor has their importance been more apparent. Over 10,000 pension schemes provide pension benefits that are designed to replace a proportion of the recipient's salary when they retire. These schemes are the flagship of the occupational pensions system - many are in deficit, some severely.This new book is designed to take the reader through how this has come about and what is being done to rectify it. The book includes contributions from leading practitioners in their field, who are grappling with the often highly complex issues that deficits produce on a day-to-day basis, in an accessible and understandable format. Featuring practical analysis on a wide range of issues - from traditional methods of addressing a deficit, alternative methods of funding deficit reduction, investment and employment considerations to the Pensions Regulator and the Pension Protection Fund, the emergence of an alternative buyout market and corporate governance - this new book provides you with the only comprehensive guide to dealing with pension scheme deficits in your practice.Aimed at a broad cross-section of the pensions market, this book is of great practical use to all who have to deal with a pension fund deficit.Trustees, corporate officers and stakeholders, from chief financial officers and finance directors to pension managers, and the entire range of advisers - accounting, actuarial and legal - will find the book of interest and practical use.

The M&A market is expanding significantly year on year. Due to increasing globalisation, even the business of small to medium-sized companies transcends national borders. In the case of major M&A transactions, the parties involved must generally now comply with the legal systems of several different jurisdictions.This practical title features 27 chapters by leading experts on the various factors to consider when acquiring a company in their jurisdictions, including the pitfalls to avoid and proposed solutions. In addition to dealing with the advantages and disadvantages of asset and share deals, chapters cover the structure of the M&A agreement, seller's and buyer's liabilities, arbitration agreements, choice of law clauses, and acquisitions of insolvent companies and listed companies.This book is a comprehensive guide to the legal framework applicable internationally in the field of M&A for companies, banks, private equity funds and private investors and their legal advisers.

Commodity derivatives are financial instruments whose value is based on underlying commodities, such as oil, gas, metals, agricultural products and minerals. Other assets such as emissions trading credits, freight rates and even the weather can also underlie commodity derivatives. Although the market has been around for centuries, commodity derivatives remain a vital and increasingly sophisticated product today. Airlines continue to hedge themselves against volatility in fuel prices, mining corporations against declines in metal values and power companies against rises in the price of natural gas. This accessible title explains each type of transaction, together with the documentation involved. In particular, the book analyses and guides the reader through the full suite of over-the-counter, exchange-traded and structured commodity derivative documentation, and provides a detailed guide to International Swaps and Derivatives Association and other leading documentation platforms.The book further contains detailed analysis of the regulatory and tax issues affecting commodity derivative products in the United Kingdom and United States. This title is edited by Edmund Parker, head of derivatives at Mayer Brown, London (author of Credit Derivatives: Documenting and Understanding Credit Derivative Products and editor of Equity Derivatives: Documenting and Understanding Equity Derivative Products), and Marcin Perzanowski, an associate at Mayer Brown, London.