Latest Briefings

Trends in transatlantic acquisition finance

Contents A transatlantic future The US influence on the European market The rise of the non-bank lenders The patchwork of Europe The political impact Case Study: Financing Bain’s Acquisition of Kantar from WPP Team structure Conclusion: what next? Key takeaways The convergence of documentary terms, investors and commercial approaches across the European and US loan […]

MLD5 update and new EU AML action plan

The European Commission has issued a recent update on the Fifth Anti-Money Laundering Directive (MLD5). We examine what the MLD5 entails and outline the next steps to be taken.

High Court analyses compensation order regime under the CDDA accounting

The compensation order regime Compensation orders aim to make directors financially accountable for the consequences of their unfit conduct. They were introduced in October 2015 by the Small Business, Enterprise and Employment Act 2015 which amended the Company Directors Disqualification Act 1986 (CDDA). Under the new regime, the Insolvency Service can apply to court (on […]



Opinion: Insurers and third-party funders should work together

It may be thought that there is an uneasy relationship between after-the-event insurance and third-party funding, but my experiences have shown this is not the case. It may be thought that there is an uneasy relationship between after-the-event (ATE) insurance and third-party funding (TPF), but my experiences have shown that this is certainly not the […]

Profit dip forces Herbies into £50m tax U-turn

Firm tears up tax year deferral plan in response to bleak predictions for the year ahead. Herbert Smith has ditched plans to overhaul its financial reporting system after a gloomy profit outlook made it likely that partners would be left out of pocket. While most firms have an April year-end, Herbert Smith’s financial year runs […]

Cleary, Dewey, Milbank cut associate bonuses

Cleary Gottlieb Steen & Hamilton, Dewey & LeBoeuf and Milbank Tweed Hadley & McCloy have matched the new market rate for year-end associate bonuses. Both firms will pay associates bonuses ranging from $17,500 for the class of 2008 and up to $32,500 for the class of 2000. Milbank and Cleary have matched the precedent set […]

Lloyd-Jones keeps top job at Blake Lapthorn

Blake Lapthorn has re-elected its senior partner Jonathan Lloyd-Jones for a further three-year term. Lloyd-Jones made partner in 1990 in the firm’s ­litigation practice, where he specialises in construction, professional negligence and contract disputes. He is based mostly in Blake Lapthorn’s Oxford office and first took the part-time senior partner post in 2005, having originally […]

Goldman restructuring head rejoins Kirkland

Goldman Sachs restructuring supremo James Sprayregen has shocked the New York legal market with a return to his former law firm, Kirkland & Ellis. Sprayregen was co-head of Goldman Sachs’ Americas restructuring group for the past three years, after leaving Kirkland & Ellis to join the bank in 2006. He will rejoin the firm this […]

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