Results tagged “credit crunch” from LDP - The Legal Week

LDP Legal yesterday broke the news that DLA Piper's Liverpool office could lose up to 13 of its support staff in the company's latest round of cuts

But before that story went online, I spoke to solicitors formerly of that parish, as well as managing partner Philip Rooney.

One recently-departed DLA solicitor told me the Liverpool office sits under a cloud of nerves. The former insider said the office feels like Manchester's younger brother and is jumpy about being cut loose from the company altogether.

LAW FIRM DLA Piper confirmed yesterday up to 13 jobs could be culled from their Liverpool office.

The firm, which is based in the India Buildings in the city centre, started a nationwide consultation yesterday that could see 140 employees made redundant.

Around 30 of those are likely to be fee-earners, with the remainder support staff in DLA's eight offices.

Clive Bleasdale discusses commercial tenancy agreements in the current market.

THE MAJORITY of retailers are struggling with business in the current climate and an increasing number would like to pay rent on a monthly rather than quarterly basis.

Landlords have been getting nervy at the prospect and at the moment a question I'm being asked a lot is if a landlord has flatly refused such a request, is there any legal challenge that can be brought?

So if you are a retailer in this situation, it is worth considering the following advice.

BANKS could face legal action by disgruntled workers if they are denied bonuses, a City lawyer said tonight.

Ronnie Fox revealed he is representing clients at three different banks who maintain they are entitled to payouts despite the recent conditions.

The specialist in employment law said a large number of bankers could take action if the Government imposes a blanket ban on bonuses.

NOW that memories of our Christmas and New year celebrations have faded many of us are attempting a business plan for the next 12 months or more in the post Capital of Culture era and in the midst of a recession.

Challenging times in many ways but to a degree we've been there before and the challenges faced are no bad thing in forcing concentration on ensuring the key elements of business success are in place.

HORDES of retailers, pubs, hotels and manufacturers are tipped to bow under the pressure of the deepening recession.

But according to Liverpool insolvency experts, law firms are now also in the mix.

David Moore, Liverpool-based partner at corporate recovery specialists Begbies Traynor, has seen a surge in the number of firms looking for help. Here he gives his insight into troubled times.

"We have recently dealt with a number of struggling and insolvent law firms in the region and I suspect we will see an increase over coming months.

DLA PIPER has reported a marked increase in litigation as the challenging economic conditions cause a change in the attitude of many corporate clients to resolving business disputes.

Their commercial litigation team has seen an increase in turnover of 35%.

Mark Goodwin, who heads the team, says this is down to companies currently being less likely to settle out of court.