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 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 […]

Travers Smith partners take cut in drawings

Travers Smith has cut monthly partner drawings and deferred partner distributions to protect the financial stability of the firm. Travers announced the firm-wide programme of measures today. Senior partners will have their drawings cut by approximately 25 per cent, implemented with immediate effect. Partners will also have their distributions deferred until the “longer-term trading position […]

allen & overy

A&O promotes over a third of new partners in London

Allen & Overy has made up 29 partners in its latest round of promotions, including 10 in London. The promotions represent 13 offices across the firm’s global network, with the City taking over a third of the spots. It is a slight drop from last year when 14 were promoted in London and 34 globally. […]

Hogan Lovells to furlough UK staff and postpone lawyer bonuses

Hogan Lovells is furloughing up to 30 UK employees and suspending salary reviews and bonus payments worldwide, as part of wider measures to keep costs down during the Covid-19 crisis. Salary reviews and bonuses for lawyers in the firm’s UK and Asia Pacific offices, due at the start of May, will be postponed. Associates in […]

CC

Clifford Chance freezes pay as part of Covid-19 measures

Clifford Chance has announced internally that it is freezing pay for its employees, while also deferring partner profit distributions due to the Covid-19 pandemic. A portion of anticipated bonuses are also being pushed back to November, as part of a wider package of stringent measures, The Lawyer can reveal. Partner profit distributions have been postponed, […]

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