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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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 […]

money

Partner profit distributions on hold at Clyde & Co

Salary reviews and promotions are being delayed until later in the year at Clyde & Co, with the firm today confirming its package of measures to tackle the coronavirus crisis. Up until now, Clydes, Clifford Chance and CMS were the only firms in the UK Top 20 not to have announced any changes to their […]

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 […]

Alibaba

Alibaba Group names new GC as affiliate hires Fangda chair

Chinese conglomerate Alibaba Group has appointed associate general counsel Sara Yu to head its group legal function, taking over the helm from former Freshfields partner Timothy Steinert. Steinert, who has been Alibaba’s group general counsel for 13 years, will remain with the group and serve as company secretary. He will also take on a senior […]

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