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”).

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PEP down 4 per cent at SullCrom, revenue flat

Average profit per equity partner (PEP) fell 4 per cent at Sullivan & Cromwell last year as the Wall St titan battled the impact of the economic downturn. Despite the reduction, PEP at Sullivan remained at around the $3m mark, leaving it still the most profitable full-service US law firm. The firm’s 4 per cent […]

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Kid gloves: Samina Afzal, NSPCC

As the NSPCC’s head of legal, Samina Afzal says it’s vital that the charity be equipped to fight its corner where necessary. The National Society for the Prevention of ;Cruelty ;to ­Children (NSPCC) has been in the business of protecting ­vulnerable children for more than a century. Originally set up to prevent child abuse in […]

Skadden in shake-up of London groups

US firm Skadden Arps Slate Meagher & Flom has launched a number of ­practice groups in London in a bid to insulate its ­business against changing market conditions. The four new groups, which will utilise lawyers from existing practices in London, are tax controversy, financial services, investment funds ;and ;corporate ­investigations. European ;managing ­partner Bruce […]

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Latham 2008 revenues projected to slump

Revenues at US firm Latham & Watkins fell by up to $400m during the 2008 financial year, a drop of around 20 per cent. The firm, which will make an announcement on its financial performance next week, made headlines at the end of 2007 when it broke the $2bn revenue barrier for the first time. […]

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Lovells to slash 94 jobs

Lovells has begun a redundancy programme that will see up to 94 members of London staff lose their jobs. A total of 18 lawyers are at risk of redundancy, with 43 support staff, 27 secretaries and six professional support lawyers also likely to lose their jobs. The consultation process, which will last for one month, […]

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