Latest Briefings

10 stumbling blocks in a business exit

Every business exit is different and a seller’s requirements will vary depending on the nature of their target business, the parties involved and the wider commercial climate. Even so, common issues crop up regularly.

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Gide cuts partner remuneration but keeps associate pay rises

French firm Gide Loyrette Nouel has decided to cut partner pay by up to 25 per cent to keep the business afloat in response to the global impact of Covid-19. Gide’s executive committee has recently taken two precautionary measures to protect the financial stability of the firm. A reduction of up to 25 per cent […]

money

Lewis Silkin makes more Covid-19 cuts

Lewis Silkin has taken further measures to contain the growing challenges posed by Covid-19. The firm has agreed to temporarily suspend quarterly profit distributions. It has also cut salaries and reduced the work hours of a number of its associates, junior lawyers and paralegals across different practices. The decision comes as the firm recently furloughed […]

Ashurst

Ashurst becomes first City firm to delay partner promotions

Ashurst is to defer its partner promotions until later in the year, becoming the first of the big City firms to make such a decision. Promotions at the firm usually come into effect on 1 May, but new partners-in-waiting have been told that their elevation will now take place later this year. This reflects measures […]

Phil Sanderson

Ropes’ private equity co-chair to leave the firm

Ropes & Gray private equity partner Phil Sanderson is to step down from the firm after more than five years. Phil Sanderson, who joined the US firm from Travers Smith in 2015, is officially retiring from the partnership tomorrow. He has been one of the three co-heads of the firm’s private equity practice since 2018.  […]

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