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Following the end of the transition period nearly two months ago, with an EU-UK Trade and Cooperation Agreement (TCA) that largely left out financial services1, it is unsurprising that the UK is forging alliances elsewhere. Even less surprising, then, is that one such ally should be another European nation well known for its financial sector.

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The world of sanctions policy and enforcement saw quite a busy year in 2020 – and it seems the trend will not slow down in 2021.

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The persisting spectre of the pandemic continues to create uncertainty in the market. Over the last 18 months, insolvency figures remained consistently low due to the government support which has been in place. With the prospect of that support coming to an end there is likely to be a reckoning, but when that will begin is unclear. Overall, this next year is likely to be one of resolving loose ends and tidying up before the economy can take off afresh.

HR Horizon tracker Winter 2022

Find out what HR directors will need to prepare for in the coming months and beyond in the Winter 2022 edition of TLT’s biannual tracker.

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London

Irwin Mitchell cuts 46 roles after redundancy process

Irwin Mitchell has announced the loss of 46 roles, after originally stating that 110 positions were at risk in a redundancy consultation. The national outfit confirmed that 46 roles were no longer needed in the business, while adding that 64 jobs had been saved due to a redeployment programme. The firm said this allowed “colleagues […]

Hong Kong

Milbank targets PE growth in Asia with three magic circle hires

US firm Milbank has hired three heavyweight partners from the magic circle in Hong Kong, in a significant boost to its private equity capabilities. Milbank has taken on Clifford Chance’s Asia Pacific private equity co-heads Andrew Whan and Neeraj Budwani, and at the same time brought in Linklaters’ global banking head Davide Mencacci in Hong […]

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