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Recent insights

LIBOR transition targets for 2020

21 Jan 2020
The documentation published last week by both the Bank of England and the Working Group on Sterling Risk Free Reference Rates (RFRWG) highlights the importance which regulators are placing on LIBOR transition activities during 2020 and the need for firms to accelerate efforts to ensure they are prepared for LIBOR cessation by the end of 2021. The clue is in the heading of the associated press release which reads " Next steps for LIBOR transition in 2020: the time to act is now".

WBD wins Legal 500 award for real estate

16 Jan 2020
Womble Bond Dickinson has been recognised for its expertise in Real Estate in the 2020 Legal 500 awards – winning the Real Estate Firm (outside London) of the year. The Real Estate award covers expertise in commercial property, construction, planning and environment, property litigation and social housing. 

Construction: a look back at 2019 and a look forward to 2020

16 Jan 2020
Looking back, it has been a year of fewer disputes, increased insolvency and a strong theme of 'clarity', or lack thereof, in the cases before the Technology and Construction Court. Looking forward, insureds are hoping to see a significant increase in investment in the development of homes and infrastructure following the 2019 General Election. Other big issues for insureds in 2020 will be the introduction of the new Building Safety Regulator, the VAT Reverse Charge and the Competition and Markets Authority investigation into the UK construction industry, as discussed below.

The changing face of claims handling for financial lines

15 Jan 2020
In October 2019 WBD launched its own independent claims handling operation for all financial lines claims. The firm had been successfully claims handling and providing a variety of fixed fee services for insurance clients for a number of years but over the course of 2019 we took the opportunity to review all aspects of our service to establish how it could be improved and to clearly demonstrate our continued commitment to supporting our clients' needs.

WBD strengthens energy portfolio with new London partner

14 Jan 2020
Womble Bond Dickinson (WBD) has appointed Matt Lewy as a partner in the firm's London office. Joining the corporate and commercial team, Matt will support WBD's international energy practice working closely with colleagues in the UK and US including Aberdeen and Houston.