Latest Briefings

Covid-19 Ireland: Support extended credit guarantee scheme and new pandemic fund

On 2 May 2020 the Irish Government agreed a suite of important measures to further support affected small, medium and larger businesses. These include a €2 billion COVID-19 Credit Guarantee Scheme to support bank lending to small and medium sized enterprises and a new €2 billion Pandemic Stabilisation and Recovery Fund to support medium and large enterprises.

Use of Government’s coronavirus job retention scheme by companies in administration: Debenhams

In a judgment handed down on 6th May 2020 in Re Debenhams Retail Ltd (in administration) [2020] EWCA Civ 600, the Court of Appeal provided confirmation on the implications for office holders and insolvent estates of using the Government’s Coronavirus Job Retention Scheme in administrations, following the previous first instance decisions on the issue in Re Carluccio’s Ltd [2020] EWHC 886 (Ch) and Re Debenhams Retail Ltd [2020] EWHC 921 (Ch). Matthew Weaver considers the judgment and its implications in this briefing.

Use of Government’s coronavirus job retention scheme by companies in administration: Carluccio’s

In a judgment handed down on Monday 13th April 2020 in Re Carluccio’s Limited (in administration) [2020] EWHC 886 (Ch), Snowden J considered the application of the Government’s Coronavirus Job Retention Scheme in administrations both as a matter of principle and in respect of the logistics and practicalities involved for office holders. Matthew Weaver considers the judgment and its implications in this briefing.

Green is good – a Channel Islands perspective

Fiona Le Poidevin, CEO of The International Stock Exchange Group, explores how the Channel Islands are utilising experience and expertise to make a significant impact in global green and sustainable finance initiatives.

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Simpson Thacher & Bartlett – UK 100

UK/global turnover: £17.3m/£352m UK/global PEP: £863,000/£1.2m UK/global revenue per lawyer: £494,000/£553,000 UK revenue per partner/equity partner: £2.2m/£2.2m Global revenue per equity partner: £2.4m UK/global number of partners: 8/145 UK/global number of lawyers: 35/637 UK number of staff: 34 UK/global leverage ratio: 1:3.4/1:3.4 UK equity partner to staff ratio: 1:4.25 Equity structure: Modified lockstep that runs […]

DMH merger opens door to London

South-East firm DMH has secured a London merger, after signing a deal with 15-partner Stallard Solicitors. The merger creates a 47-partner firm with an estimated turnover of £21m. It will practice as DMH Stallard with Tim Aspinall, DMH managing partner, to lead the newly merged outfit. The tie-in continues DMH’s period of aggressive expansion, which […]

Legal & General claims victory in battle with FSA

Legal & General (L&G) is claiming to have scored a major victory in its high-profile case against the Financial Services Authority (FSA). The Financial Services and Markets Tribunal today cleared L&G of wide-spread mis-selling of endowments, proving that only eight out of the 152 were mis-sold. The Tribunal also indicated that the £1.1m fine imposed […]

Coudert Brothers – UK 100

UK/global turnover: £8.6m/£160m UK/global PEP: £335,000/£256,000 UK/global revenue per lawyer: £287,000/£254,000 UK revenue per partner/equity partner: £900,000/£1.2m Global revenue per equity partner: £900,000 UK/global number of partners: 7(10)/170 UK/global number of lawyers: 30/630 UK number of staff: 48 UK/global leverage ratio: 1:3.1/1:2.7 UK equity partner to staff ratio: 1:6.8 Equity structure: Modified lockstep. Salaried partners […]

TLT Solicitors – UK 100

Turnover: £17.5m Profit per equity partner: £220,000 Equity spread: £158,000-£230,000 Net profit: £3.9m Profit margin: 22 per cent Salaried partner remuneration: £80,000 (average) Revenue per lawyer: £112,000 Revenue per partner: £461,000 Revenue per equity partner: £972,000 Cost per lawyer: £87,000 Profit per lawyer: £25,000 No of partners: 38 No of equity partners: 18 No of […]

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