What is “administration”?

Administration as we know it today started out as “administrative receivership”. If a company owed a debt that it couldn’t pay, the person or company it owed the debt to would appoint a person, known as an administrative receiver, to take control of the company. The administrative receiver usually sold the company’s assets, to make as much money as possible for the creditor. This typically led to the winding up of the company. In 1982, the Cork Committee found that many companies were being wound up unnecessarily because of the administrative receivership procedure. Acting on this, the Enterprise Act 2002 was passed, introducing modern administration which focuses more on rescuing companies.

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What you need to know about… Osborne Clarke

A regionally rooted firm with growing international force, Osborne Clarke has moved onwards and upwards in recent years to become globally established. The three UK offices (Bristol, London and Reading) stand strong in each location with 35 trainees. Becoming the first firm in Europe to open an office in Silicon Valley sets the tone for Osborne Clarke’s international outreach to 25 locations, leading to a comfortable position in the top 150 firms globally. The firm takes pride in their focus on industry sectors (digital business, energy, financial services, life sciences, real estate, retail, recruitment, transport) which helps them to remain aware of the biggest issues facing clients and tailor their approach accordingly. Overall the firm can be described as reliable, encouraging and innovative.

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A Commercial Awareness Morning Routine

Being commercially aware is key to succeeding in any job in law or business, particularly in vacation scheme or training contract applications! Firms want to ensure applicants have both a sound grounding in commercial issues and an understanding of how they impact the legal market. Whilst commercial awareness might seem like a mythical area to tackle, taking simple steps every day to keep up to date with business news can get you thinking like a lawyer in no time! Adopting an easy and quick morning routine is a great way to incorporate commercial awareness practice into your daily schedule. The following recommendations should help you develop your commercial awareness to succeed in interviews and applications.

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LittleLaw Looks At… The Legal Framework for Deepfakes

Coinciding with the democratisation of technology (the rapid increase in accessibility of technology), the emergence of “deepfakes” has experienced a meteoric rise. The term “deepfake” is an apt amalgamation of “deep-learning” and “fakes”, two concepts which exist independently of one another, but when combined have a greater, more ominous meaning. Deepfake is the term used whereby somebody’s face (and typically words) are superimposed onto another’s body in a video, changing the content of their expressions and speech for any agenda imaginable, often with nefarious intent. Indeed, with remarkable ease, we are now enabled to change people’s words and actions.

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