The Chancellor, Rishi Sunak, announced today that the Coronavirus Job Retention Scheme (the Furlough Scheme) will end as planned on 31 October 2020. However, he has provided some much needed relief for employers who have been hard hit by the Coronavirus in announcing the Government’s new initiative to support struggling employers, the Job Support Scheme (the Support Scheme). The stated aim of the Support Scheme is to support viable businesses to retain viable jobs in what will undoubtedly be a continued period of significant economic uncertainty.
On 15 September 2020, the government announced further measures to protect commercial tenants from recovery action by restricting the ability of landlords to recover unpaid rent by utilising the Commercial Rent Arrears Recovery process (“CRAR”).
Addleshaw Goddard has overhauled its process surrounding work allocation for disputes lawyers, taking the responsibility away from partners. Previously, work was allocated to managing associates by partners but this has now been passed onto legal directors to give the firm’s junior lawyers a spread of work. The firm trialled this system in Manchester in 2019 […]
Gunnercooke is set to open two new offices, including its first international one, as its revenue hit £31m in the financial year 2019/20. The Manchester firm, which for years has been running a flexible model, will open a new office in Berlin in October. In addition, it is looking to open a fourth UK office […]
Skadden Arps Slate Meagher & Flom has brought in another magic circle partner to its City M&A team, this time from Freshfields Bruckhaus Deringer. The US firm has lured over partner Bruce Embley from Freshfields’ London office. Embley, who co-heads the firm’s global M&A client group, has been a partner at Freshfields since 2005. London-based, […]
The shortlist for Litigation Team of the Year, sponsored by Gallagher, once again demonstrates the strength of London as a global disputes hub. Akin Gump In what was one of the most complex litigations of 2019, Akin Gump sealed a resounding victory for senior banker, Robert Foresman, in October. Foresman, currently chair of the UBS […]
Goodwin Procter has raided Sidley Austin by bringing in a five-strong team from its private equity group, including Christian Iwasko and Erik Dahl, months after the duo left its US rival. The hire comes after the duo resigned from Sidley Austin at the end of June, having moved over to the firm in 2016 from […]