Latest Briefings

Food & Drink Update – September 2020

Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.

Coronavirus business interruption test case – judgment in the “insurance case of the century”

Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

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Chris Lowe & Lothar Wegener

WFW financials pick up after sluggish results last year

Watson Farley & Williams’ financials have rebounded after a sluggish 2017/18, with average profit per equity partner rising by 11 per cent to £562,000. The PEP increase comes after a £100,000 dip in the previous financial year, alongside a similar fall in net profit for 2017/18 and 2 per cent growth in global revenue. The […]

Edinburgh

Financials 2019: Profits rise at Brodies and Shepherd & Wedderburn

Two of Scotland’s largest independent law firms, Brodies and Shepherd & Wedderburn, have reported growth in both revenue and profitability for 2018/19. Brodies, which is Scotland’s largest firm, saw its turnover increase by 12 per cent from £68.6m to £76.9m, while profits before partner distributions also saw double-digit growth of 14 per cent from £32.9m […]

David Pollitt, DAC Beachcroft

Financials 2019: DACB turns net debt into net cash

DAC Beachcroft has posted a strong set of results for the 2018/19 financial year, consolidating on the previous year’s growth, as well as turning net debt into net cash for the first time since David Pollitt took over as managing partner. A 6 per cent increase in turnover from 2017/18 saw the firm rise from […]

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