Latest Briefings

The Job Support Scheme

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.

Sending in the bailiffs… no longer an option for landlords

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”).

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Lee Ranson

Eversheds’ PEP nudges up 2 per cent to £902,000

Eversheds Sutherland’s turnover for offices outside the US rose by 8 per cent over 2019/20 to just under £600m. The firm’s revenue increased from £548.8m to £592m. Average profit per equity partner too saw an uplift, although growth was slower. PEP nudged up 2 per cent from £886,000 to £902,000. The firm’s profits grew to […]

Bishopsgate

Freshfields sets out phased move into 100 Bishopsgate

Freshfields Bruckhaus Deringer is in the process of planning its first move into 100 Bishopsgate, which is edging closer after the pandemic disrupted the initial timetable. The Lawyer has learned that the magic circle firm will organise two different waves of arrivals. The first one will occur in September, and a second one will follow […]

Mayfair

CMS calls time on Mayfair office after five years

CMS Cameron McKenna Nabarro Olswang has closed its funds-focused Mayfair outpost, the second City firm this year to shut secondary premises in the elegant London neighbourhood. It has emerged that the firm’s lease came to an end in December and CMS decided not to renew the contract. The satellite office, a much smaller space as […]

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