Latest Briefings

Food & Drink Update – September 2020

Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.

Coronavirus business interruption test case – judgment in the “insurance case of the century”

Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

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Belfast

DAC Beachcroft gains Belfast foothold with firm acquisition

DAC Beachcroft (DACB) has formally launched an office in Northern Ireland after the acquisition of its Belfast best friend firm McKinty & Wright for its second office launch of 2019. Belfast follows Paris in becoming DACB’s second new European office this year with the Northern Irish site bringing six new partners into the fold along […]

money

DAC Beachcroft tells partners: We’re saving capital for the firm’s future

DAC Beachcroft‘s executive board has voted through a new initiative that will see a portion of year-end capital held back in a push to retain funds for workplace improvements. The 10-member board, chaired by senior partner Virginia Clegg, voted through the motion that was approved by partners at the firm and will see a “modest” […]

David Pollitt

DAC overhauls bonus structure in record-breaking year for staff

DAC Beachcroft‘s record £7.7m bonus payout to staff last year was a result of the firm’s overhauled remuneration system, which focuses largely on performance-related initiatives, The Lawyer can reveal. Senior associates and legal directors have had their remuneration more closely aligned to that of partners at the firm, while business services staff will now see theirs reflected […]

David Pollitt

DAC posts double-digit growth across the board with record PEP figure

DAC Beachcroft has posted a strong set of results for the 2017/18 financial year, showing double-digit growth in turnover and profit as well as posting a record-high in profit per equity partner (PEP) of £530,000. An 11 per cent increase in turnover from 2016/17 saw the firm rise from £207m to £230m, while a 21 per […]

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