Legal & Regulation

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Apperio provides in-house legal departments and finance teams with complete transparency and clarity on their external legal spend, including historical data all the way up to accruals / unbilled work-in-progress (WIP).

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LEGAL & REGULATION

Ninety eight per cent of US private equity groups expect external legal spend to fall in 2020

Ninety eight per cent of US private equity groups expect external legal spend to fall in 2020

US private equity groups spent an average USD353,000 on external legal counsel per acquisition when prosecuting deals in 2019, according to research released by Apperio, a London-based specialist legal spend management platform. In the UK, the figure was slightly lower at USD253,000. 

GUEST ARTICLE

The force of force majeure in a pandemic world

The force of force majeure in a pandemic world

By Susana Garcia-Robles, Venture Partner, Capria Ventures – Face masks and frequent hand-washing are the new routine. But how can a company be safer in the new normal? “Good contractual hygiene,” says Joe Wallin, principal at Seattle-based Carney Badley Spellman. In particular, companies should be sure to understand – and where possible, standardise – force majeure language across all their legal contracts.

GUEST ARTICLE

A sign of things to come? Force majeure and material adverse change in the era of Covid-19

A sign of things to come? Force majeure and material adverse change in the era of Covid-19

By Deborah Ruff, Head of US & International Arbitration, Julia Kalinina Belcher, Counsel, and Charles H Golsong, Counsel, Pillsbury Winthrop Shaw Pittman LLP – On 22 May 2020, the Tribunal de Commerce of Paris ordered the insurance giant AXA France IARD SA to pay Maison Rostang, a Michelin-starred Parisian restaurant, EUR 45,000 for two months’ worth of revenue lost due to the Covid-19 pandemic. A simple case of Covid-19 losses? Not quite.

Story

Private equity firms feel pressure to scrutinise legal spend more closely as M&A and fundraising declines, says new Apperio study

Private equity firms feel pressure to scrutinise legal spend more closely as M&A and fundraising declines, says new Apperio study

Private Equity (PE) firms in the US and UK spend many millions of dollars on legal services annually, but they are scrutinising their external legal spend like never before, according to a new Apperio research study entitled “Rocketing Scrutiny, Eroding Trust – The Changing PE Legal Spend Landscape.” 

PODCAST

PODCAST: Legally Vocal with Charlotte Henderson

PODCAST: Legally Vocal with Charlotte Henderson

In part 2 of Episode 8, Nicholas d'Adhemar and Charlotte Henderson make predictions about the future of the legal profession. They share their thoughts on the long-term impact of the Covid-19 crisis on capital solutions, how the way in-house legal teams collaborate internally and externally will change over time, and what the biggest pressure felt by GSs in the next few years is going to be…