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Rosenblatt chief: firms need to talk profits, not billing

first_imgNicola Foulston, chief executive, RosenblattThe offering represents a 48.3% stake in the firm, meaning existing owners will retain a controlling interest. Institutional shareholders taking a stake include Fidelity Investments (6.6%), Miton Asset Management (15.8%), Blackrock (6%) and Canaccord Genuity Group (3.6%).Speaking to the Gazette, Foulston said the company is arranged to ensure there is no conflict between duties to clients and to shareholders, with the legal managers having ‘little to do’ with commercial decisions that are made by the business.The regulated nature of a law firm, she said, would help with the transition to running the company as a plc, and she welcomed the extra transparency that comes with new financial reporting requirements.‘The material impact is the cultural shift of the business away from being focused on billing to being focused on profits,’ said Foulston, a former owner of the Brands Hatch racing circuit. ‘What surprised me [coming into her new role] was how inward looking this sector is. We are still too focused on ourselves and whether we are good at the law. I was shocked at the way clients and the acquisition of clients is discussed, as if somehow we own our clients… this is the last bastion of industry that needed to change and that is what is happening.’Foulston revealed that the firm is already in discussions about an acquisition of another legal services business, with purchases targeted at the ‘high margin end of law’.Proceeds from the listing will also be invested in financial incentives for people working at the firm, with remuneration aligned with business performance. The 20-partner firm, founded by dispute resolution and corporate specialist Ian Rosenblatt OBE in 1989, specialises in financial services, banking and real estate. Rosenblatt, who currently owns 59% of the business, will make millions on the sale but remains the largest shareholder with 21.1%. The boss of the latest law firm to go public says the move will prompt a sea change in how financial success is measured. Chief executive Nicola Foulston spoke on the day that City firm Rosenblatt listed on the London stock exchange with the issuing of around 80m shares to raise £43m. The firm said the initial public offering was ‘significantly oversubscribed’. Shares placed at 95p and were being traded at 106p on the first morning of trading.The cash raised is to be spent on acquiring firms with a similar profile and funding litigation.#*#*Show Fullscreen*#*#last_img read more

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Luxembourg extends compensation for delayed flight connections

first_imgPassengers delayed on connecting flights from airports outside the EU are nonetheless entitled to claim compensation under European law, the European Court of Justice has ruled. The ruling, published last week, means passengers who are denied boarding, delayed more than three hours or have a flight cancelled can claim for compensation, in line with existing EU regulations.The case, Claudia Wegener v Royal Air Maroc SA, involved the German passenger delayed by four hours on a journey from Berlin to Agadir, Morocco, via Casablanca. She checked in for the entirety of her journey at Berlin Airport but was delayed at her interim destination.The airline had rejected her request for compensation by stating she was not entitled to claim, on the grounds that Morocco is outside the EU and the change in aircraft for the connecting flight constituted a separate journey. The defendant relied on the ‘scope’ aspect of the regulations which dictates that successful claimants should be travelling to an airport ‘situated in the territory of a member state to which the treaty applies’.The matter was referred to the ECJ for a preliminary hearing, where the court said that a change of aircraft has no impact whatsoever on passengers’ right to claim.The decision is legally binding throughout Europe, and sets a new precedent, industry experts say.Coby Benson, flight delay solicitor at north west firm Bott and Co said: ‘This decision is the latest pro-consumer case to come from the European Court of Justice and enhance the rights of passengers. This judgment will ensure that passengers on connecting flights will now have the same high level of protection as passengers who chose to fly directly to their destination.’last_img read more

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Cory Marks – Who I Am album review

first_imgThe Country music genre is a broader church today than it’s ever been. Purists aren’t happy about the way other genres of music are influencing today’s generation of Country stars but it’s a natural progression that’s not really worth fighting against. Canadian singer-songwriter Cory Marks is one of the rising stars in the genre who is fusing Country with a harder rock edge, taking on the more Southern Rock-influenced Country artists out there. After scoring a hit with Outlaw & Outsiders (feat. Travis Tritt, Ivan Moody & Mick Mars), the stage is set for Cory to build on that moment with the release of his album Who I Am.Cory comes out of the gate swinging with the raucous opening track Devil’s Grin. The blend of Country rhythms and crunching guitars is one that works well. This is music to blast out loud on a hot summer’s day and it’s made to be heard in stadiums and arenas. Outlaws & Outsiders follows, and it’s safe to say at this point that if your socks aren’t being rocked off, this album may not be for you. Determined not to be a one trick pony, Cory dials down the volume on the more sedate Good to Be Us, showing that (on the verses at least) he can do something a little more melodic. The song would fit perfectly in the modern Country radio landscape.For the most part, Who I Am is balls-to-the-wall guitar-led anthems. It’s not hard to see why Cory is appealing to both the Country and Rock markets. He has a voice that contains plenty of grit but it has that twang that Country fans love. Songs such as Blame It on the Double and the unapologetic title track Who I Am require air guitar and singing at the top of your lungs, while Better Off is a big old anthem that is an obvious highlight. Another Night in Jail mixes acoustic verses with beat-driven choruses, showing off Cory’s strengths as vocalist with some impressive vocal riffs.Bonus track, and sing-a-long anthem, She’s Hollywood is the penultimate track, leading into the acoustic version of My Whiskey Your Wine. My Whiskey Your Wine appears twice on the album – in its original form and as an acoustic version. It shows that without the production and the full band behind him, Cory can hold his own in a stripped-down environment. The song is the kind that will go down a storm with Country fans and it should be a standout moment in live shows, should we ever be able to attend any ever again!Cory Marks is an artist with plenty of promise. He knows how to deliver big anthems and he has the vocal chops to pull it off. There’s a deeper artist underneath the bravado and you get glimpses of that throughout the record. As an introduction, Who I Am is everything you’d want from an album. The blend of Country and Rock is a winner for me and I’ll be blasting this out in the heat all summer.Track list: 1. Devil’s Grin 2. Outlaws & Outsiders (feat. Travis Tritt, Ivan Moody & Mick Mars) 3. Good to Be Us 4. Blame It on the Double 5. Another Night in Jail 6. Who I Am 7. Drive 8. Better Off 9. My Whiskey Your Wine 10. Keep Doing What I Do 11. Out in the Rain (feat. Lzzy Hale) 12. She’s Hollywood (Bonus) 13. My Whiskey Your Wine (Bonus – Acoustic) Record label: Better Noise Music Release date: 7th August 2020 Buy Who I AmCory Marks is performing a free show for Destination Country on Sunday 9th August 2020 at 8pm BST. Watch it for free on their Facebook page.last_img read more

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My time at Man City was a headache – Emmanuel Adebayor

first_imgEmmanuel Adebayor insists he has no regrets about leaving Manchester City and described his time at the club as a “headache”.Adebayor joined Tottenham on a season-long loan in August after being frozen out of Roberto Mancini’s plans since last December.He told BBC Sport: “I wish them the best of luck, but do I wish to be part of that team right now? No.“Whenever I woke up last year to go into training it was a headache.”Mancini’s expensively-assembled side have moved to the top of the Premier League in Adebayor’s absence, but the former Arsenal striker said he is not missing life at City after quickly settling into his new surroundings in north London.“You want to be in a house where you feel comfortable,” added the former Togo striker. “Even if the house is a palace, you want to be loved and you want to be happy.”Adebayor declined to comment directly on Mancini but there was clearly a breakdown in relations between the pair. It is reflected in his unstinting praise for his new boss.“Harry Redknapp is a fantastic manager,” Adebayor added.“He knows how to talk to players. You need that belief from your own manager. He tells you just to go out there and do your thing. That is what Harry has got more than anyone else.”Adebayor has scored three goals in six games this season to help edge Tottenham closer to the top four and qualification for the Champions League. “We have to do everything it takes to go beyond that line,” he said. “Hopefully, we can achieve that as a goal.”Adebayor said he was impressed with the strength of Tottenham’s squad and it is not only Rafael Van der Vaart, Luka Modric and Gareth Bale who have caught his eye.“Every morning when you come in you see lots of lads working hard in the gym to be fit for the weekend which is a very good sign,” added Adebayor.Tottenham’s next game is against Queens Park Rangers on Sunday.last_img read more

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Holmes hungry for Contender success

first_imgRichard ‘Frog’ Holmes is adamant his craving for the Wray & Nephew Contender boxing title will be over when he faces the electrifying youngster, Ricardo ‘Magic Man’ Salas, in what is anticipated to be a monumental showdown for the 2018 crown at the National Indoor Sports Centre tomorrow. “The way I’m hungry for this, it’s like I’m not eating – like mi nuh eat for how many days,” said Holmes, about the Wray & Nephew Contender title. “I’m so hungry. Nobody is going to take my food out of my mouth because I’m going to war for my food. It’s just like when a hungry dog is there and him food throw down and you try to take it. Him a go bite you up. I’m hungry for it.” The ultimate clash in the Team Jamaica vs Team Canada series will be broadcast live on TVJ, starting at 9:30 p.m. The winner shall claim the 2018 Wray and Nephew Contender welterweight championship belt, plus $2 million, with $500,000 going to the runner-up, $250,000 for third, and $200,000 for fourth. Holmes, whose career was influenced by viewing fights on TV, is hoping that there will be much to celebrate by residents watching from Stony Hill, where his career started. His early passion, though, was soon fed into a channel when Carl Grant Jr, his current trainer, introduced street fights to Stony Hill in 2007. He admitted not accepting Grant’s initial offer to join Bruising Gym because he was doing construction work. “Eventually I went to the gym and trained like about three to four months until they had the National Championship in November and there’s where I made my debut,” he said. Holmes ended up winning the title and went on a 12-game winning streak. However, he took a fight while not in training and lost at fight 13. In 2012, he first fought in the Wray and Nephew Contender Series and became a pro, noting its contribution to his overall development. “I’ve gained a lot of experience over the years after turning professional in 2012, where I went up against Donovan ‘Police’ Campbell in the semi-finals. After that I went up against people like Sakima Mullings, Kemahl ‘Hit Man’ Russell, ‘Concrete’ Moncriffe (Devon) and ‘Chop Chop’ Corley. It has helped me a lot, moving forward and in this competition,” said Holmes, who in the early days was straight aggression, but is now more measured. “For the finals, it’s going to be a different fight, a much bigger improvement same way. I’m pacing myself, I’m controlling my breathing, I’m controlling the rounds. I know when to step up in the round, I know when to cool down.” “One of the things that I’m sure, sure, sure say that you can expect from me in the final is that I’m going to lift the Wray & Nephew 2018 Contender championship belt on the 25th of July,” Holmes predicted. “You’re going to see a Holmes that’ll make you say you never knew that Holmes existed, a brand new Holmes, a sharper Holmes, a Holmes who is going to be hitting, moving, turning all angles, lifting all stones, turning all blocks. You’re going to see a Holmes who is hungry.”last_img read more

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