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Who should pay for fire safety building remediation costs?

In December 2020, we reported on the vote by the House of Lords on amendments to the Fire Safety Bill relating to the remediation costs associated with the replacement of the dangerous cladding panels and other fire safety defects. Both the Fire Safety Bill and the Building Safety Bill are anticipated to come into effect early this year.

‘Diversity is a given, Inclusion is a choice’ – actionable ideas

In our 3rd blog in the series, ‘Diversity is given, Inclusion is a choice’, Annelieke Jense and Frouke Horstmann provide practical ways based on their experience working with clients on how organisations can create a true inclusive culture by installing processes that mitigate unconscious biases.

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counting money

Osborne Clarke reverses cuts to partners’ monthly drawings

Osborne Clarke is to increase salaries across its workforce in March, as the firm also prepares to bring an end to the reduction in partners’ monthly draws. Monthly partner draws were reduced by 10 per cent as part of the firm’s Covid-19 measures, with the firm now set to repay the money withheld as a […]

Norton Rose

Norton Rose Fulbright LLPs reveal Covid-19 credit facility

Norton Rose Fulbright (NRF) significantly increased its loan facilities in response to the first wave of Covid-19, its LLPs have revealed, upping its credit facility from £29m to £111m in spring. From that renewed figure, the firm utilised £61m to deal with the uncertainty then posed by the pandemic, while the remaining £50m was not […]

Biotechnology

Kirkland and Freshfields team up on £3.4bn Lonza carve-out

Private equity buyers Bain Capital and Cinven called on Kirkland & Ellis and Freshfields Bruckhaus Deringer for counsel as they bought a division of Swiss life sciences business Lonza. Kirkland took the lead on M&A aspects of the transaction, with a team led by partners Adrian Maguire, Rory Mullarkey, Jacob Traff and Dan Clarke. Freshfields meanwhile […]

one new change

A&O associate duo reunited with Cahill team

Two Allen & Overy (A&O) associates have joined the London office of Cahill Gordon & Reindel, rejoining a team of partners that left the magic circle firm for the US rival last year. The associates in question are A&O’s Prudence Criddle and Warren Newton, who are joining as partners. The two serve banking and institutional […]

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