Latest Briefings

Channel Islands employment law update – July 2020

Jersey Tribunal rules HR advisers not protected by legal privilege The Jersey Employment Tribunal (the Tribunal) in David Slater v Consolidated Minerals[1] sought to consider an interesting question concerning discovery: whether HR consultants are protected by legal advice privilege, given their status as non-legally qualified advisers. In the context of a constructive unfair dismissal claim, […]

Borrowers experience speed bump in road to compliance – expanded scope of Cayman private funds law

By now most fund finance professionals would likely choose an afternoon in the dentist’s chair over a discussion about the Cayman Islands Private Funds Law, 2020. Borrowers unfortunately experienced a speed bump in the road to compliance this week with the introduction by the Cayman Islands Government of an amendment to the PF Law which significantly increases the number of entities which will need to register with the Cayman Islands Monetary Authority (CIMA) by 7 August 2020.

What are the benefits of employee engagement?

By Chris Shenton Reading Time: 5 minutes Employee engagement is the central topic here at Weekly10. Whether we’re talking about the latest employee engagement strategies, how to improve employee engagement or simply what exactly employee engagement is, it’s fair to say it is always a focus for us. Yet, we still often get asked the […]

BVI economic substance requirements 2020 update

The framework that the British Virgin Islands (“BVI”) government has created to enable BVI ‘legal entities’ to report prescribed economic substance information’ is now operational. New reporting and (in some cases) economic substance requirements now apply for BVI ‘legal entities’ that conduct certain defined ‘relevant activities’ under the Economic Substance (Companies and Limited Partnerships) Act, 2018 and the Rules on Economic Substance (together the “Economic Substance regime”).


Bond Pearce – UK 100

Turnover: £36.8m Profit per equity partner: £210,000 Equity spread: £164,000-£233,000 Net profit: £9.3m Profit margin: 25 per cent Salaried partner remuneration: Average of £96,000 for fixed share partners. Revenue per lawyer: £158,000 Revenue per partner: £603,000 Revenue per equity partner: £1,022,000 Cost per lawyer: £118,000 Profit per lawyer: £40,000 No of partners: 61 No of […]

Reed Smith – UK 100

UK/global turnover: £17.2m/£269m UK/global PEP: £381,000/£341,000 UK/global revenue per lawyer: £239,000/£303,000 UK revenue per partner/equity partner: £500,000/£1.2m Global revenue per equity partner: £1.3m UK/global number of partners: 14(33)/ 212 UK/global number of lawyers: 72/887 UK number of staff: 116 UK/global leverage ratio: ?1:4.1/1:3.1 UK equity partner to staff ratio: 1:8.2 Equity structure: Merit-based. Partners assessed […]

3-4 South Square – UK 100

Turnover: £22.5m Head of chambers: Michael Crystal QC and Lord Alexander of Weeden QC Total tenants (silks): 44 (16) Door tenants: 12 Chambers contributions: 11.5 per cent Revenue per barrister: £480,000 Top cases last year: BCCI/Bank of England; BCCI/Bank of America; Enron; Deacons/White & Case; Spectrum Plus. No of appearances in House of Lords: 10 […]

New Paris head for Ashurst

Ashurst has chosen young corporate partner Frédéric Pinet to replace its outgoing Paris managing partner Christopher Crosthwaite. Pinet, aged just 38, becomes one of the French market’s youngest managing partners. He was selected by his fellow Paris partners and his appointment was confirmed by Ashurst’s international managing board. As part of his new role, Pinet […]

Richards Butler in US merger bid with NY’s Proskauer Rose

Merger could create £300m-turnover international powerhouse as Proskauer seeks to add London to NY, Paris offerings Richards Butler has entered merger talks with New York firm Proskauer Rose after several years of looking for a US tie-up. The City firm has made transatlantic capability a strategic priority as part of its repositioning as a disputes […]

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