Credit Suisse overhauls management as it takes $4.7bn hit on Archegos

Credit Suisse announced earlier this week that it will take a $4.7 billion hit from dealings with Archegos Capital Management, prompting it to overhaul the leadership of its investment bank and risk divisions.

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UK – tackling tax avoidance

James Austen reviews potential measures by the UK tax authorities on addressing tax avoidance, including tackling the promoters of avoidance schemes and raising standards in the tax advice market.

Government to review landlord and tenant legislation

In December 2020 the Government promised the commercial property industry an extensive review of the Landlord & Tenant Act 1954 to take place in 2021. There are early signs that it is starting.

MPs call for a ban on ‘greenwashing’ in financial services firms

Greenwashing is coming under increasing scrutiny from all angles, including MPs, regulators, NGOs and the general public. It is also likely to give rise to legal claims, if investors and shareholders consider they have been misled about a company’s environmental credentials.

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Allen & Overy

A&O unveils 30-strong round of partner promos

Allen & Overy has made up 30 partners in its latest round of promotions, including 10 in London. The promotions represent 16 offices across the firm’s global network, with the City taking a third of the spots. Last year 10 City partners were also promoted in London, while 14 made the cut in 2018. The […]

In-house legal sentiment survey: Call for responses

The in-house legal sentiment survey is back for its second edition. The first edition ran back in September 2020, and the pandemic was very much front of mind in our analysis. We discovered that: 53 per cent of in-house lawyers saw their productivity increase during lockdown 50 per cent of in-house lawyers had seen no change […]

A good reason not to stay in a magic circle law firm

There is a long-standing ideal of the boardroom consigliere shared by many corporate lawyers: a generalist adviser who stands shoulder-to-shoulder with the CEO. It takes time to attain that status, as those who are toiling to create a public M&A practice will acknowledge. For the few private practice individuals who get it right, a senior […]

Penningtons Manches Cooper promotes four in 2021 partner round

Penningtons Manches Cooper has promoted four lawyers in its 2021 partner promotions round. Clare Arthurs, Rebecca Andrews Walker, Elise Bevan and Alex Prew will join the partnership as of 1 April. Andrews Walker is a restructuring specialist, Bevan works in clinical negligence and Prew is a real estate lawyer. Arthurs, meanwhile, leads the knowledge function […]

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