The following In-house Advisor practice note provides comprehensive and up to date legal information covering:
On 6 June 2013, the LexisNexis In-house Advisory Board met to discuss personal development and its application in the world of in-house lawyers. The meeting was facilitated by Jonathan Smith, director at LBC Wise Counsel and former general counsel at Fujitsu and of the Managed Legal Service of Berwin Leighton Paisner. The following note reviews some of the key practical takeaways that emerged from the conversation.
Why do in-house lawyers need personal development?
to help bolster the business case for a pay rise?
to satisfy the necessary criteria for a practising certificate?
to ensure the optimal delivery of legal advice to the internal client?
to develop individuals and maximise their contribution to the business?
Recent research conducted by LBC Wise Counsel shows that while in-house lawyers consider legal advice to be their most important contribution to their organisation, their business colleagues disagree.
In fact, many business colleagues thought that in terms of quality the best legal advice comes from external lawyers. Despite this, the research showed that in-house lawyers are hugely valued by their clients, but for attributes that went far beyond legal advice. Their value is perceived to come not solely or predominantly from the application of their technical legal skills, but rather from their non-legal business skills and commercial understanding.
At the same time, the legal market is undergoing fundamental and comprehensive
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This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
This Practice Note provides guidance on claims for ‘use and occupation’ or mesne profits, and how and when double rent or double value can be claimed.Claims for use and occupationA claim for use and occupation is possible where there is occupation of land without an express agreement fixing the
Definition of automatismAn act is done in a state of automatism if it is done by the body without control by the mind, (eg it is a spasm or a reflex), or if it is done by a person who is not conscious of what they are doing. The act may be described as involuntary, but will not be regarded as such
This Practice Note considers the legal concept of mistake in contract law. It examines common mistake, mutual mistake, unilateral mistake, mistake as to identity and mistake as to the document signed (non est factum). It also considers the impact of each of these types of mistake on the contract and
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