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Linklaters contributes to Bridge Group’s latest report aiming to increase socio-economic diversity in the legal sector

Linklaters Latest News - Fr, 25.09.2020 - 10:52

Linklaters has collaborated with The Bridge Group, a non-profit social equality consultancy, to produce a report exploring how socio-economic background affects progression to partnership within the law firms.

 

The research, produced in conjunction with nine other law firms, analyses over a quarter of a million datapoints across the legal sector, more than 60 hours of interviews and interrogates national data sets, culminating in recommendations for employers, government and universities on how to increase socio-economic diversity in the legal sector. The report finds that those from lower socio-economic and other minority backgrounds progress less quickly from senior associate to partner, replicating and reinforcing inequalities in access and early career progression in the legal sector – as found in the Bridge Group’s 2018 publication ‘Socio-economic Background and Early Career Progression in the Law’.

 

Building on the Bridge Group’s previous research, this latest report gives a fuller picture of the impact that socio-economic background has on varying stages of the employee life cycle. Linklaters is committed to dismantling barriers to success and creating an inclusive culture in which everyone – regardless of background, identity and circumstance – can reach their full potential. This is reflected in the breadth of initiatives that the firm has implemented, thus far, to take action and improve social mobility, some of which include:

 

  • Introducing a successful Reverse Mentoring Scheme in which the firm’s partners and senior members of Business Teams are mentored by Linklaters employees from under-represented groups to raise awareness and understanding of different individual’s perspectives and experiences.

  • Launching the Making Links Scholarship programme designed to support talented university students from disadvantaged socio-economic backgrounds and provide the stepping stones to help them succeed in their early careers.

  • Becoming a founding member of the Pathways to Law Plus programme which provides work experience to undergraduate students, often from disadvantaged backgrounds.

  • Launching our Social Mobility network and continuously raising awareness of the implications and consequences of micro-aggressions.

  • Becoming the first Magic Circle firm to commit to using a sophisticated Contextual Recruitment System (CRS) to ensure we consider applicants from a wide variety of socio-economic backgrounds.

  • Sharing stories of individuals from diverse backgrounds to educate, raise awareness and foster understanding.

 

Nathalie Hobbs, Linklaters’ Executive Champion for Social Mobility, comments: The legal industry currently does not represent the social and economic diversity of the UK; personal background, social identity and socio-economic circumstances should not be a barrier to success. As a firm, we want to attract and retain the brightest lawyers and, in order to do so, we need to make sure that a career in the law is open to everyone and that people thrive and continue to progress to senior levels.

 

We will continue to advance social mobility in our offices around the world and it’s promising to see the legal community come together on this as we look to drive forward longstanding and long-overdue change to increase the social diversity of the sector.”

 

Linklaters has been ranked #9 in the 2019 UK Social Mobility Employer Index, recognising those companies that have taken action to access and progress talent from all socio-economic backgrounds.

 

Legacy Employers

Norton Rose Fulbright - Fr, 25.09.2020 - 08:18
When extending Part 6-4C of the FW Act, the government recognised there would be employers who had previously qualified for the JobKeeper scheme, but who would no longer qualify to participate in the scheme following its extension past the end of September 2020.

Das Corona-Praktikum bei CMS

CMS Hasche Sigle Blog - Fr, 25.09.2020 - 08:08

Passend zu unserer Schwerpunktwahl an der Universität hatten wir uns für ein Praktikum im Bereich Kartellrecht und EU entschieden. Die Nähe zur Universität Tübingen und das hohe Ansehen der Kanzlei in der Rechtsbranche waren ausschlaggebende Gründe, warum unsere Wahl auf CMS fiel – rückblickend betrachtet eine sehr gute Entscheidung, auch wenn eine Pandemie dazwischenkam.

Praktikum bei CMS: Mittendrin statt nur dabei

Vom ersten Tag an wurden wir mit der täglichen Arbeit eines Rechtsanwalts im Bereich Kartellrecht vertraut gemacht. Internationale Mandate, komplexe Sachverhalte, schwierige Rechtsfragen – wir waren fasziniert. Von Anfang an wurden wir in Mandate miteinbezogen und spannende Aufgaben wurden uns anvertraut, um unseren Teil zum großen Ganzen beitragen zu können. Unsere Ansprechpartner hatten stets ein offenes Ohr für uns und auch der Umgang der Kollegen und Kolleginnen untereinander sowie mit uns hat uns persönlich sehr gefallen.

Im Rahmen des Praktikantenprogramms waren wir täglich in Vorstellungsrunden der am Standort vertretenen Geschäftsbereiche eingeladen, präsentiert durch den Partner oder durch andere Anwälte aus den verschiedenen Teams. Beim anschließenden gemeinsamen Mittagessen und in den Pausen zwischendurch hatten wir die Gelegenheit, mit den weiteren Praktikanten, die sich hier bei CMS Stuttgart aus ganz Deutschland zusammenfanden, Erfahrungen auszutauschen – eine tolle Möglichkeit, einen kleinen Einblick in die vielfältigen Themen und Bereiche bei CMS zu bekommen.

Das Praktikum in Zeiten von Corona

Mitten im Praktikum spitzte sich die epidemiologische Lage immer weiter zu und von einem Tag auf den anderen war für alle Mitarbeiter des Standortes Stuttgart Homeoffice angesagt. Die Umstellung verlief jedoch absolut reibungslos. Dank der elektronisch geführten Akten konnte die Arbeit einfach digital und vom Homeoffice aus fortgeführt werden.

Auch wir wurden bis zum Ende unseres Praktikums mit Aufgaben betraut, die wir von Zuhause aus erledigen konnten. Dazu gehörten neben dem üblichen E-Mailverkehr u.a. Teilnahmen an Telefonkonferenzen sowie Onlinerecherchen und die Übermittlung gutachterlicher Zusammenfassungen. Auch während der Corona-Pandemie waren unsere Mentoren jederzeit erreichbar und wir fühlten uns immer als Teil des Teams.

Wir durften die digitale Kanzlei live erleben

Zu Recht können wir also behaupten, ein Praktikum erlebt zu haben, dass es bei CMS noch nie gab. Obwohl ab einem bestimmten Zeitpunkt die vielen geplanten Aktivitäten und gemeinsamen Ausflüge leider ausfallen mussten, verhalf uns die Ausnahmesituation zu Einblicken in das Großkanzleileben, das uns andernfalls verborgen geblieben wäre.

Eine Sache wissen wir nun – das starre und veraltete Bild einer Großkanzlei können wir nicht unterschreiben. Ganz im Gegenteil: Es zeigte sich, wie flexibel CMS insbesondere in Notsituationen ist. CMS treibt nicht nur die Digitalisierung in diversen Rechtsgebieten voran, sondern auch im eigenen Hause. Es war für uns sehr spannend, daran teilnehmen zu dürfen.

Für uns hat sich erfreulicherweise auch gezeigt, dass ein Praktikum bei CMS nicht mit Ablauf der Praktikumszeit beendet ist, sondern die Vernetzung und die Kontakte darüber hinaus gehen und noch immer stattfinden.

Der Beitrag stammt von Simon Kopp und Johannes Kienzler. Sie waren im März 2020 Praktikanten bei CMS Deutschland in Stuttgart im Bereich Kartellrecht und EU.

Der Beitrag Das Corona-Praktikum bei CMS erschien zuerst auf CMS Blog.

New Financial Holdco Licence introduced in China

Norton Rose Fulbright - Fr, 25.09.2020 - 04:31
On September 13, 2020, the State Council promulgated the Decisions on Permitting and Management of Financial Holding Companies (in Chinese: 《国务院关于实施金融控股公司准入管理的决定》), which were further implemented by the Supervisory and Management Financial Holdco Measures for Financial Holding Companies (In Chinese: 《金融控股公司监督管理试行办法》) issued by the People’s Bank of China (the PBOC) on the same date (collectively the Financial Holdco Measures). The Financial Holdco Measures will become effective on November 1, 2020, and introduce a new financial licensing requirement and a new type of financial institution, the financial holding company (Financial Holdco).

Dentons ranked in top 5 law firms in Acritas Asia Pacific Brand Index 2020

Dentons News - Fr, 25.09.2020 - 02:00

As part of global law firm Dentons, Dentons Rodyk is pleased to announce that Dentons has been ranked fifth overall in the Acritas Asia Pacific Brand Index 2020, climbing 13 places since 2019.

House passes comprehensive energy bill

Dentons Insights - Fr, 25.09.2020 - 02:00

United States: On September 24th, the House passed H.R. 4447, the Clean Economy Jobs and Innovation Act, on a 220-185 vote.

Costa Rica: Extension of the temporary measures for the provision of services provided by Immigration

Dentons Insights - Fr, 25.09.2020 - 02:00

Costa Rica: On September 21, 2020, Immigration informed about the extension of the measures for the services provided by its offices.

Scotland: Proof that proofs are possible in a pandemic

Dentons Insights - Fr, 25.09.2020 - 02:00

Scotland: Our Dispute Resolution team in Scotland has today completed the last day of evidence in the first proof to physically take place in the Court of Session since lockdown took hold in March this year.

Costa Rica: Construction sector – Implementation of the new changes on Value Added Tax (VAT)

Dentons Insights - Fr, 25.09.2020 - 02:00

Costa Rica: On September 16, 2020, on the Official Gazette published that all engineering, architecture, topography, and civil works construction services provided to projects registered or endorsed by the Costa Rica Federated Bar of Engineers and Architects, regardless of the date of registration and visa, will be subject to the following tax benefits on value-added tax.

Dentons Flashpoint - September 25, 2020

Dentons Insights - Fr, 25.09.2020 - 02:00

The UK unveils a new jobs support scheme.  Europe surpassed 5.5 million COVID-19 infections.  “The Safer” tanker off the coast of Yemen has begun leaking oil into the Red Sea. 

Can a government decree under the COVID-19 pandemic be a breach of quiet enjoyment?

Dentons Insights - Fr, 25.09.2020 - 02:00

Canada: The covenant for quiet enjoyment has long been a staple of landlord and tenant relationships, either as an implicit covenant incorporated by common law, by statutory authority, or as an explicitly drafted term of a lease.

Taxation of crypto-currencies and blockchain transactions

Dentons Insights - Fr, 25.09.2020 - 02:00

Germany: In 2008, a developer - known only under the pseudonym "Satoshi Nakamoto"- published the first whitepaper for the crypto-currency "Bitcoin", which has proven to be a highly volatile investment for currency speculators. The first currency-token is based on the blockchain - a distributed ledger technology. On September 18th, 2019, the German Government presented its blockchain-strategy. Whether the underlying technology might be "The next big thing" or the marketability is overestimated due to "empty promises of 'techies' for unsolved problems" can be hardly answered. It is certain that the research and development potential is still immense.

Registration in Dutch UBO register becomes mandatory (Dutch)

Dentons Insights - Fr, 25.09.2020 - 02:00

The Dutch UBO register will come into effect on September 27. A UBO is the ultimate beneficial owner of an organization. The UBO register at the Dutch Chamber of Commerce (CoC) is public. The introduction of the Dutch UBO register is one of the measures against money laundering and terrorist financing included in the Fourth EU Anti-Money Laundering Directive.

Registration in Dutch UBO register becomes mandatory

Dentons Insights - Fr, 25.09.2020 - 02:00

Netherlands: The Dutch UBO register will come into effect on September 27. A UBO is the ultimate beneficial owner of an organization. The UBO register at the Dutch Chamber of Commerce (CoC) is public. The introduction of the Dutch UBO register is one of the measures against money laundering and terrorist financing included in the Fourth EU Anti-Money Laundering Directive.

Dentons HPRP successfully assists a leading multinational plantation company in a major share acquisition transaction

Dentons News - Fr, 25.09.2020 - 02:00

Dentons HPRP has been acting for Kuala Lumpur Kepong Bhd. (KLK), a leading Malaysian multinational plantation company, in the share acquisition of an Indonesian oil palm company, PT Pinang Witmas Sejati, in a transaction worth RM341.55 million (approximately US$80 million). The parties have executed a Conditional Sale and Purchase Agreement with regard to this transaction.

Cannabis Client Alert - Week of September 21, 2020

Dentons Insights - Fr, 25.09.2020 - 02:00

A voice vote in the House of Representatives on the MORE Act that was planned for September has been postponed until “later this autumn,” according to Majority Leader Steny Hoyer (D-MD).

Retail: country-by-country summary of the impact of COVID-19

Dentons Insights - Fr, 25.09.2020 - 02:00

Global: The retail sector has been suffering greatly during the COVID-19 pandemic. The legislation is changing almost on an everyday basis and Dentons is here to help you stay in the loop about these changes.

M&A outlook: Foreign investment screening

Norton Rose Fulbright - Do, 24.09.2020 - 23:07
Our cross-border team will discuss recent developments, trends and strategies in foreign investment reviews of M&A transactions in the US, EU, UK, Canada and Australia.

Essential Corporate News: Week ending September 25, 2020

Norton Rose Fulbright - Do, 24.09.2020 - 23:00
On September 24, 2020 BEIS announced that certain temporary measures in the Corporate Insolvency and Governance Act 2020 (CIGA)

ABA Criminal Justice Section presents: Sports investigations<br>and compliance

Norton Rose Fulbright - Do, 24.09.2020 - 17:04
Join us as our speakers address key issues related to sports investigations and compliance.