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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madrid

CMS lays off Madrid lawyers and staff while HSF goes to four-day week in Spain

Herbert Smith Freehills (HSF) is one of two international firms that have been forced to implement cost-saving measures in their Spanish offices this week due to the coronavirus pandemic. HSF has told its Madrid employees that they will work a four-day week from 1 May, cutting their salaries by a corresponding 20 per cent. Meanwhile, […]

Penelope Warne

CMS delays salary reviews but holds off furloughing

CMS has delayed partner profit distributions for the year 2019/20 to the autumn, the last among the biggest international firms to announce financial management measures to tackle the Covid-19 crisis. Distribution for the last financial year were meant to happen in July, but will be instead delayed until an unspecified time between late autumn and […]

London skyline

Kirkland alumni club: Willkie secures double-partner hire in London

Willkie Farr & Gallagher has secured its long-awaited hire of two partners from Kirkland & Ellis, as they join former colleague Claire McDaid to expand its City private equity team. Gavin Gordon and David Arnold are to join Willkie in the City, following on from the firm’s hire of Dechert tax partner Jane Scobie last […]

money

Orrick sets out UK voluntary associate pay cut scheme

Orrick Herrington & Sutcliffe has implemented UK-specific measures to tackle the economic uncertainty of Covid-19. The firm has put in place a salary reduction scheme for associates in the UK that is voluntary and refers to those who have already received their 2020 promotions and salary hikes. Under local regulations, lawyers can accept a reduction […]

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