This thread is for the general discussion of the Article Mini Series: Business of Law Firms - Distressed Law Firm Assets. Please add to the discussion here.
Microsoft acquires small stake in London Stock Exchange
By Jake Rickman
Image credit - Volodymyr Kyrylyuk / Shutterstock.com
What do you need to know this week?
Microsoft has acquired a £1.5bn stake in the London Stock Exchange’s parent company, the London Stock Exchange Group (LSEG). As...
Is the jig up for Sam Bankman-Fried?
By Jake Rickman
Image credit - Sergei Elagin / Shutterstock.com
What do you need to know this week?
In the aftermath of crypto-exchange platform FTX’s spectacular blow-up last month, astounded analysts looked down on FTX’s woeful balance sheet and...
Business of Law Firms
Clifford Chance boots managing partner and reflects
By Jake Rickman
What do you need to know this week?
Welcome to the 23rd article in TCLA’s series on the Business of Law of Firms. We took a break last week, but we are back now to gaze into the shadowy, mysterious...
Next buys Joules out of administration
By Jake Rickman
Image credit - Postmodern Studio / Shutterstock.com
What do you need to know this week?
Online retailer and FTSE 100 company Next has purchased the British fashion retailer Joules Limited out of administration.
Joules, known for its...
A SPAC and a crypto-company walk into the bar...
By Jake Rickman
What do you need to know this week?
The much-anticipated public offering of stablecoin company Circle — to have been structured through a special acquisition company (“SPAC”) managed by former Barclays chief banker Bob...
Corporate default and corporate stress
By Jake Rickman
What do you need to know this week?
Evidence of an ongoing recession in the UK and abroad continues to mount: retail consumer spending in Europe has slowed by nearly 2%. The Confederation of British Industry — the UK’s largest business...
BlockFi blows up
By Jake Rickman
Image credit - Formatoriginal / Shutterstock.com
What do you need to know this week?
BlockFi, the retail cryptocurrency lender valued at $4bn last year, announced on Monday that it had entered Chapter 11 bankruptcy proceedings in the US state of New Jersey...
Disney
A Corporate Case Study In Brief
By Jake Rickman
Image credit - nikkimeel / Shutterstock.com
What do you need to know this week?
After a mere 33 months as the CEO of the world’s most valuable media conglomerate, Bob Chapek was forced out by Disney’s board of directors this month...
Business of Law Firms
Ashurst Expands Korean Presence
By Jake Rickman
What do you need to know this week?
Welcome to the 22nd series on the Business of Law Firms.
As reported by The Lawyer, international law firm Ashurst confirmed on Tuesday that it has formally established a joint...
Big Four Reform Marches On
(at significant cost)
By Jake Rickman
Image credit - g0d4ather / Shutterstock.com
What do you need to know this week?
Proposals to reform the UK’s audit industry are now expected to approach £1bn over the next 10 years according to a Financial Times article. In...
FTX Update
By Jake Rickman
Image Credit - Sergei Elagin / Shutterstock.com
What do you need to know this week?
In the spirit of keeping up with developments, we return to FTX’s collapse for the second week. It has emerged that FTX and affiliated entities owe creditors a total of $3bn to...
Business of Law Firms
Taxing Law Firms
By Jake Rickman
What do you need to know this week?
This week marks the 21st article in TCLA’s series on the Business of Law Firms.
The Lawyer ran an interesting article last Friday, 17 November, that explored how reforms to law partners’ tax...
FTX's woeful balance sheet
By Jake Rickman
Image credit - Sergei Elagin / Shutterstock.com
What do you need to know this week?
Last week, the centralised crypto-platform FTX, founded by alleged-wunderkind Sam Bankman-Fried, suffered one of the most spectacular and high-profile collapses of...
Navigating FTX's bankruptcy proceedings
By Jake Rickman
Image credit - Hasbi Sahin / Shutterstock.com
What do you need to know this week?
Restructurings, insolvencies, and bankruptcies have featured prominently in our commercial articles as of late. This reflects the upsurge in companies...
Business of Law Firms
DWF expands in North American market with £27m acquisition
By Jake Rickman
What do you need to know this week?
Welcome to the 20th article in TCLA’s series on the Business of Law Firms.
As reported in The Law Society’s Gazette last week, DWF announced it has agreed...
Made.com enters into administration
By Jake Rickman
Image credit - T. Schneider / Shutterstock.com
What do you need to know this week?
On Monday, the High Court placed Made.com, the UK online furniture retailer, into administration after negotiations with potential buyers to rescue the...
Counter arguments to a recession
By Jake Rickman
What do you need to know this week?
An op-ed by a Financial Times columnist published on Monday takes a contrary position to the dominant perspective that the global economy is in the midst of a recession (or at the very least, close to it)...
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