Insolvency and restructuring

News

Exit sign

DLA bulks up in restructuring with Paul Hastings hire

DLA Piper has hired one of Paul Hastings’ restructuring partners to bolster its offering in the City. David Manson will jump ship to DLA after just over two years at Paul Hastings, which he joined in 2017 from White & Case. He was a senior associate at White & Case from 2006 to 2012 and […]

carluccio's

Ashurst and Freshfields swoop in on collapse of Carluccio’s and Brighthouse

Ashurst and Freshfields Bruckhaus Deringer were on call as two high street businesses plunged into administration in one day. Ashurst is acting on the administration of Carluccio’s, which has become the first major casual dining casualty since the coronavirus lockdown. Led by restructuring partner Drew Sainsbury and corporate partner Bruce Hanton, the firm is advising […]

London

Slaughters restructuring veteran to exit firm

Slaughter and May’s Richard de Carle is set to leave Bunhill Row, making him the second partner to exit the firm this week. It is understood that de Carle will be joining Ashurst after nearly 40 years at Slaughters. He has been a partner since 1993. His deal roster includes acting on challenger bank OakNorth’s […]

Shard

Greenberg reignites London restructuring with senior Bakers hire

Greenberg Traurig has targeted Baker McKenzie for its latest hire, as the US firm hams up its London recruitment drive. Ian Jack, co-head of Bakers’ global restructuring & insolvency group is the latest lawyer to be lured to Greenberg’s HQ in The Shard. He has spent over 23 years at Bakers, making partner in 1998 […]

Airline

BCLP on call as Flybe falls into administration

BCLP has been called in to advise for longstanding client Flybe, as the airline collapsed in the late hours of last night. BCLP is understood to be advising, with EY’s restructuring team of Alan Hudson, Joanne Robinson, Simon Edel and Lucy Winterborne today appointed joint administrators of airline Flybe. The airline failed to secure a […]

Analysis

Home office
1

For some firms WFH policies were a tick-box thing. Not any more.

Within the space of five days from Monday 16 March, working from home (WFH) became the new normal for the vast majority of the population. Lives and habits changed instantly. You’ve probably already enjoyed at least one Zoom cocktail party, reacquainted yourself with your children and perhaps joined an online choir? From a legal market […]

Turning corporate lawyers into restructuring specialists won’t be easy

As companies continue to look to the government for survival in the coming weeks, restructuring practices across the City, which had been kept arguably lean until now, are sure to need extra hands in the coming months. Across law firms, corporate associates are poised to be drafted onto restructurings and workouts. The mass redeployment of […]

Smiling frogs: the mid-tier firms bouncing back

Last summer, one of The Lawyer’s cover stories focused on the UK mid-tier. It put forward the proposition that many of the firms outside the UK top 50 were ‘boiling frogs’ – surfing comfortably on the surprisingly small amount of growth needed to maintain market position without necessarily adapting to the slowly changing conditions that […]

podcast

The ups and downs of US firms in London

In this episode The Lawyer editor Catrin Griffiths and deputy editor Matt Byrne discuss the impact of coronavirus, the latest US financials season, and whether law firms are actually listening to their clients on one of the biggest issues in the world today.

New QCs at a time of change: the silks of 2020

As 114 new silks celebrated their success in the 2020 Queen’s Counsel appointments, they were also marking the end of an arduous selection procedure – all for the honour, pride and privilege of securing those two prestigious letters that can reshape a legal career.  Finally gaining the QC kitemark gives some barristers a sense of […]

Featured Briefings

Challenging an IVA on the grounds of material irregularity

By Simon Clark, Gawain Moore In Gertner v CFL Finance Ltd [2018] the Court of Appeal found that there had been a material irregularity at the creditors’ meeting convened to consider the debtor’s IVA proposals. The lender’s breach of the good faith principle between creditors was sufficient to revoke the IVA on grounds of material irregularity.

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