Latest Briefings

CBI confirms details for taxonomy regulation and SFDR level 2 fast track processes

On 15 November 2021, the Central Bank of Ireland (“Central Bank”) issued a Notice formally confirming its intention to establish a fast-track filing process and also clarified the filing requirements for pre-contractual documentation updates in relation to the Taxonomy Regulation (“TR”) and Sustainable Finance Disclosure Regulation Level 2 measures (“SFDR L2”). The TR requirements will […]

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legal tech

Luminance on hunt for in-house clients to fend off BigLaw competition

Artificial intelligence company Luminance is looking to target in-house clients to counteract law firms’ increasing investments in this area. The startup currently has more than 200 businesses in its client portfolio. Of these 200, 90 per cent are law firms. Following a recent review, Luminance aims to expand the in-house representation in a bid to […]

Solicitors Regulation Authority

HFW partner fined by SRA for drink driving charge

A HFW partner has been fined £2,000 after an investigation by the Solicitors Regulation Authority (SRA) into a drink driving charge. James Cashman, who is a partner in the firm’s London office, was under investigation by the regulator for a 2019 incident. In July last year, Cashman hit a stationary parked car and was arrested […]

Irwin Mitchell Offices, London

Irwin Mitchell executive board agrees pay cut during lockdown

Irwin Mitchell’s executive board have taken a 10 per cent pay cut during the Covid-19 lockdown period. The ten members of the firm’s exec board have agreed the 10 per cent cut, with partners also asked yesterday (16 April) to support on the same basis. The firm says it does not yet know how many […]

Osborne Clarke furloughs staff and defers 75 per cent of partner profits

UK partners at Osborne Clarke are to defer 75 per cent of their quarterly profit distributions, with the firm also furloughing staff across its offices. The Lawyer understands that the firm has furloughed more than 100 staff members, though the firm did not comment on specifics. It is understood that the roles affected are all largely […]

handshake

Kirkland and DAC act on first take-private since start of lockdown

Kirkland & Ellis and DAC Beachcroft have landed roles on the first public-to-private deal to hit the London Stock Exchange since the start of the coronavirus lockdown. The deal involves Castleton Technology, an IT software manager to social housing providers, acquired by MRI Software, a portfolio company of TA Associates, GI Partners and Harvest which […]

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