Latest Briefings

Can UK employers claim the furlough grant while employees are on notice? Clarity is required.

Notice Pay during Furlough Leave The latest Treasury Direction for the furlough scheme, updated on 26 June 2020, could modify the effect of the Coronavirus Job Retention Scheme. New wording at paragraph 2.2 may be interpreted to suggest that notice pay cannot be claimed through the scheme. With retrospective application, employers require clarification from HMRC […]

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Cravath gifts Herbies early Xmas present with Ripplewood referral

Herbert Smith has scooped Ripplewood Holdings as a new client following a referral from US best friend Cravath Swaine & Moore. The City firm was brought in by Ripplewood’s longstanding adviser Cravath to advise the leading US private equity house on the acquisition finance aspects of its purchase of Honsel International Technologies (HIT) from The […]

TMT deals round-up

Masons (Angela Cha) advised insurance company Aviva on the £225m outsourcing of its document services to business process outsourcing provider Williams Lea. Nicholson Graham & Jones (Howard Kleiman) advised Williams Lea. Herbert Smith advised UBS as sole global coordinator, bookrunner, financial adviser and sponsor on the global offer of shares in Phoenix IT Group. When Phoenix began conditional trading […]

Norton Rose expands East Europe practice

Norton Rose expands East Europe practice” />Norton Rose is consolidating its presence in Eastern Europe with a raft of high-profile deals as part of its ongoing push on international projects in EU accession countries and beyond. The firm is advising both the Romanian and Bulgarian governments on deals collectively worth more than €1bn (£700m). Campbell […]

Not enough money for licensing lawyers

Shortfalls in the proposed legal budget will make next year’s overhaul of the UK’s licensing system unworkable, the Government has been told. Local authorities have written to the Department for Culture, Media and Sport (DCMS), which is responsible for licensing, complaining there is a shortfall in the proposed level of funding to cover lawyers’ fees […]

McGrigors’ London base sees turnover boosted by one-third

Mcgrigors has seen a massive upsurge in London work, with City turnover growing by 30 per cent in the past year as firmwide turnover rises by 5 per cent to £42.4m. McGrigors’ financial year ends on 30 September. Of its total turnover, around £18.2m came from London and £24.2m from outside the capital. London now […]

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