Latest Briefings

Results of the 2021 Canadian federal election

The Liberal Party of Canada failed to secure a majority in Parliament, but will form another minority government. Little has changed in terms of seat counts, and the composition of the House of Commons will be largely the same in Canada’s 44th Parliament as it was in the 43rd.

Payment for order flow: duty to clients

The discussion around payment for order flow (or PFOF) has been going on for some time in the UK, is nascent in the EU and rages in the US (particularly in relation to retail broking).

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Bird & Bird

Bird & Bird considers emergency reserve to future-proof firm

Bird & Bird is to withhold a portion of its partners’ upcoming quarterly profits as a precautionary measure against the economic fallout that might stem out of the Covid-19 health crisis. A percentage of quarterly profit distributions will be devoted to a reserve created to sustain the business for the duration of the crisis. A […]

london city

Gowling WLG ushers in flexible “menu” of working arrangements

Partners at Gowling WLG may not receive their share of partner distributions to keep the firm steady during the coronavirus pandemic. Partner distributions for Gowling’s UK LLP have been deferred and it has made no commitment to pay them. In order to safeguard the firm during the crisis, the firm is also keeping drawings under […]

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