Ray Berg

Osborne Clarke cuts partner monthly draws and staff pay

UK partners at Osborne Clarke have been subject to further reductions in pay, while staff are also in line for a cut in their salary. The measure, which will be in place starting in June for 11 months, adds itself to the existing deferral of 75 per cent of their quarterly profit distributions. In addition, […]


Ashurst and Eversheds lead on Carluccio’s rescue deal

Ashurst and Eversheds Sutherland have seen through the sale of struggling Italian restaurant Carluccio’s, after it fell into administration nearly two months ago. Carluccio’s brought in FRP as its administrators in late March, with Ashurst restructuring partner Drew Sainsbury taking the lead from the firm. Today it was announced that Boparan Restaurant Group will take […]

Uber taxi

Legal roles axed as Uber reveals further job losses

Uber’s in-house legal team in the US has been affected by the ride-hailing company’s decision to cut 3,000 roles overall this week, as it faces a drop in user demand amid the Covid-19 crisis. The Lawyer understands that about 17 per cent of Uber’s US legal team headcount has been laid off, including attorneys, claims […]


MUFG unveils inaugural EMEA panel with ten firms winning places

Japanese-headquartered Mitsubishi UFG Financial Group has finalised its first European, Middle East and Africa panel, with three magic circle firms named on the roster. MUFG has awarded contracts to Allen & Overy, Ashurst, BCLP, Baker McKenzie, Clifford Chance, Dentons, Herbert Smith Freehills, Linklaters, Norton Rose Fulbright and Simmons & Simmons. MUFG is one of the […]