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London-based Eversheds recently won the 2005 'Best Use of Technology' award from the European Managing Partners Forum. The annual practice-management competition is open to law, accounting, property management, management consulting and other professional services firms. Categories cover marketing, human resources programs, diversity efforts, financial management and more. I was honored to be a judge for the technology category.
Eversheds has 28 offices, most in Europe (none in the United States). The firm has 2,236 lawyers and a total staff of 3,874. Eversheds reports annual gross revenues of '302.8 million ($538 million) and profits per equity partner of '350,000 ($622,000). Its client roster includes banking giant HSBC; energy supplier Centrica; insurer Legal & General Group; utility providers National Grid and United Utilities, and manufacturer Rolls-Royce.
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The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
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A common question that commercial landlords and tenants face is which of them is responsible for a repair to the subject premises. These disputes often center on whether the repair is "structural" or "nonstructural."