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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london, money, cash

Milbank posts 25% London revenue rise after getting serious with recruitment push

Milbank Tweed Hadley & McCloy has led the pack of US firms posting their London financials, announcing a 25 per cent increase in revenue to $156m. These results have been released ahead of the firm’s international financials, which are expected shortly, with London said to be “one of the key drivers” in the success of the […]

City

White & Case breaks through $2bn mark in global results

White & Case‘s global revenue shot up by 14 per cent over the course of 2018, and has broken the $2bn mark for the first time. The firm has been edging ever-closer to the $2bn barrier, and posted global revenues of $1.8bn in 2017. That year, London revenue sat at $328m (£236.8m). In 2018 it […]

Richard East Quinn Emanuel

Quinn’s London office breaks £80m revenue barrier

Revenue growth at Quinn Emanuel Urquhart & Sullivan’s London office slowed in the 2018 financial year, though the City outpost of the US firm still boasted a 16 per cent increase to over £80m. Turnover increased from from £71.9m to £83.6m. The headline figure was its lowest revenue growth percentage in at least five years; however […]

DWF sets £75m target to repay partners after confirming float

DWF has confirmed its intention to float on the London Stock Exchange’s premium list in March, following Financial Conduct Authority approval last week. The firm has said that it expects to raise £75m to repay a portion of partner capital in the business with current partners expected to hold the majority of shares in the […]

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