Latest Briefings

COVID-19 has put many businesses in a difficult financial situation

Although the Government recognised this by pushing the Corporate Insolvency and Governance Act 2020 through Parliament to try and stem the inevitable wave of insolvencies, directors and owners cannot afford to take their eyes off the ball for a second.

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CC wins Court of Appeal fight with Fulham FC

Clifford Chance has won a Court of Appeal ruling on behalf of client Jean Tigana, the former manager of Fulham Football Club, in his dispute with the club. The Court of Appeal this morning (Tuesday 19 July) handed down a unanimous decision dismissing Fulham’s appeal against a November 2004 High Court judgment finding that Tigana […]

Equitable Life abandons £1.3bn ‘lost sale’ claim

Equitable Life has abandoned its £1.3bn ‘lost sale’ claim against former auditors Ernst & Young (E&Y), vastly reducing the amount claimed in the ongoing High Court litigation. The insurance society is still claiming over £700m from E&Y and over £1bn from former directors for negligence. At the beginning of July The Lawyer reported that Equitable […]

US national firms under threat as big-paying NY elite eye partners

Gibson Dunn & Crutcher tops national firms’ PEP figures as multi-office running costs hit financial performance US national giants risk losing their leading partners to the Manhattan elite after figures revealed that they are falling far behind in terms of partner remuneration. While Baker & McKenzie (B&M), Jones Day, Latham & Watkins and Sidley Austin […]

Ashurst: PEP rises as turnover stalls

Ashurst’s financial performance has rebounded with the firm reporting a 9 per cent increase in average profits per equity partner (PEP) last financial year to reach £567,000. But the increase was still not enough to fully counteract the firm’s dismal results in 2003/04, which saw average PEP tumble 11.7 per cent to £521,000, down from […]

Simmons sees Telefónica through purchase of China Netcom Group

Simmons & Simmons has closed its first deal for Telefónica as the acquisitive Spanish telecoms operator made its first steps into China. The firm won a competitive tender against a number of City and US firms to advise Telefónica on the acquisition of a e240m (£135.6m) equity stake in Hong Kong-based China Netcom Group. The […]

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