Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is executive director, RSGI At an FT managing partners roundtable in New York in 2012, when the legal sector was starting to grasp the importance of big technological developments, one guest remained sanguine. Lawyers are clever people, he said, and would adapt to every eventuality.In 2012, his confidence seemed misplaced. The legal sector was known to be slow at adopting even basic document-management systems and seemed wedded to billing by the hour for its hard-won expertise. Roll on to 2023…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lists and commentary researched and compiled by RSGI and FT editorsOne striking development in the legal industry over the past 20 years has been the rise in status of business professionals in law firms and operations experts in corporate legal departments.Pejoratively described in the past as “non-lawyers” or “fee burners”, their ability to drive innovation, new business and profitability now wins increasing respect from lawyer colleagues.The first such “non-lawyer” to feature in an FT Innovative lawyers shortlist, in 2012, was Elliot Moss,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Monte dei Paschi di Siena said the European Central Bank had approved its proposed takeover of larger rival Mediobanca.The Italian lender said in a statement on Wednesday that the central bank had given the deal the go-ahead with no specific thresholds.Some analysts and industry insiders had expected the regulator to set some specific take up thresholds for the deal to go ahead because of a series of cross shareholdings between investors in both Monte dei Paschi and Mediobanca. The conditions set by the…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lists and commentary researched and compiled by RSGI and FT editorsAlmost any business’s in-house legal team that sets out to be innovative will face a struggle. Historically, these departments have been modestly resourced and seen by colleagues only as a support function — and even then the support is too often regarded as more of a hindrance than a help.But the role of the general counsel and in-house legal teams has nevertheless been transformed in the past 20 years.Since the 2008 financial…

In a 20-year retrospective, we look forwards by looking back. Highlights include: the theme of adaptability; the most innovative law firms; practice areas, pay and leadership; and 100 individuals who collectively show how much the sector has changed Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Babcock International has increased its revenue target, raised its dividend and launched a £200mn share buyback as Britain’s second-biggest defence contractor reaps the benefits of higher military spending amid heightened geopolitical tensions. The company, which maintains all of the Royal Navy’s nuclear submarines and builds warships such as the Type 31 frigate, said on Wednesday that it was expecting average revenue growth of mid-single digits and an operating margin of at least 9 per cent in the medium term, up from at least…

From nationalisation to reprivatisation, how NatWest changed British banking Source link

The bank’s latest reorganisation has arguably left it with few options to boost revenue as it faces trade tariffs and lower interest rates Source link

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