Publication
Arbitration trends in the Middle East: What to expect in 2024 and beyond
The last several years have seen rapid growth in the Middle East.
United Kingdom | Publication
DE&I is rising to the top of the regulatory agenda and is an important component of the ‘G’ in ESG. Research shows evidence of correlations between DE&I and positive outcomes in risk management, good conduct, healthy working cultures, and innovation. These outcomes directly contribute to the stability, fairness and effectiveness of the firms, markets and infrastructure that together make up the financial sector. The Bank of England, PRA and FCA view DE&I as a priority and are proposing a framework that would establish minimum standards and give firms a better understanding of what is expected of them in this area from a regulatory standpoint.
The regulators proposals apply differently to firms depending on their number of employees, their categorisation under the Senior Managers and Certification Regime (SM&CR), and whether they are dual-regulated. To reduce regulatory burden, smaller firms with fewer than 251 employees would be exempt from many of the requirements.
Limited Scope SMCR firms | Smaller solo-regulated firms | Large solo-regulated firms | Smaller dual-regulated firms | Large dual-regulated firms | |
Non-financial misconduct – Conduct rules, F&P assessments and Threshold Conditions | ✔ |
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Data reporting |
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✔ Report number of employees only |
✔ Full data reporting requirements apply (covering mandatory and voluntary information) |
✔ Report number of employees only |
✔ Full data reporting requirements apply (covering mandatory and voluntary information) |
Data disclosure | ✖ |
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D&I strategies | ✖ |
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D&I targets | ✖ |
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Risk and governance | ✖ |
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Monitoring D&I | ✖ |
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Interplay with SMCR and individual accountability |
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Publication
The last several years have seen rapid growth in the Middle East.
Publication
On May 14, 2024, Lena Haffner, Innovation Lead Germany at Norton Rose Fulbright, shared her insights on “How do you make a law firm AI ready?" at Legal Revolution 2024, one of Europe’s leading conferences in legal innovation and technology. Her lecture focused on developing a comprehensive roadmap for integrating AI into law firms, emphasizing the importance of developing a robust AI strategy and fostering an innovation-ready culture. Key topics covered in the lecture included strategic planning, skills development, multidisciplinary teamwork, and strong AI governance.
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