McGrigors set for City office redundancies

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Latest Briefings

New Act on the Control of Investments Detrimental to the Interests of Hungarian National Security

The Hungarian Government recently adopted Act no. LVII of 2018 on the Control of Investments Detrimental to the Interests of Hungarian National Security (the “Act”). Previously we wrote about a similar legislative proposal which aimed at establishing a similar control mechanism. However, the Act has a more sophisticated approach on the control and approval procedure […]

Health and safety at work in Romania: What companies need to know

Failure to take or observe the mandatory measures for health and safety at work may entail, among other types of liability (e.g. civil, administrative), potential criminal liability for employers. The Romanian Criminal Code (the “RCC”) provides for two offences which sanction such failure: i) failure to take the mandatory measures for health and safety at […]

Switzerland: Insolvency law, policy and procedure

By Daniel Hayek and Laura Oegerli Statutory framework and substantive law Swiss restructuring and insolvency proceedings are mainly governed by the Swiss Debt Enforcement and Bankruptcy Law (DEBA), which entered into force in 1892. A number of other laws and ordinances further regulate special aspects of restructuring and insolvency proceedings, such as specific provisions according to […]

Czech Republic: Office for the Protection of Competition gets tougher

In April 2018 the Office for the Protection of Competition adopted new guidelines on the method of setting fines for competition law infringements,(1) noting that the need for a revision of the previous guidelines had emerged in the wake of developing case law, as well as amendments to the Act on the Protection of Competition. The […]

FOS expansion to SMEs – near-final rules published

By Paul Gair The Financial Conduct Authority yesterday released its policy statement on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper detailing proposals for increasing […]

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Pastures new for Freshfields

What do Wachtell, Cravath and Sullivan & Cromwell have in common? If you answered they’re the only three remaining top 50 US firms with higher average profits per partner than Freshfields Bruckhaus Deringer, you win a free bagel. Last month, in The Lawyer’s Transatlantic Elite 2008, we hinted at the UK-headquartered firm’s astonishing 2007-08 performance. […]

Ashurst raises NQ pay to £65,000

Ashurst has announced a modest pay rise for newly-qualified lawyers, which will see the group paid £65,000, an increase of £1,000 on last year’s salary. The 1.5 per cent increase is a dramatically lower than last year’s rise, when the firm announced pay increases for NQ lawyers of 16 per cent. Ashurst abolished its PQE […]

Childs ‘pleased’ despite drop in CC’s growth rate

Clifford Chance global managing partner David Childs said he was pleased with the firm’s 2007-08 financial performance, despite seeing a slowdown on the previous year’s rate of growth. Over the last financial year the firm saw revenue rise by 11.8 per cent to £1.33bn, while average profit per equity partner (PEP) jumped by 12.7 per […]

Top firms retain FTSE stranglehold amid tough times

In the past three months several of the FTSE100’s biggest names have fallen victim to takeovers, leaving City firms to wave goodbye to some of their most prized clients. But, as the new quarterly Hemscott rankings show, it will take something more dramatic to shift the top legal advisers to the UK’s largest companies. Slaughter […]

Ward Hadaway opens in Leeds with raids on rivals

Newcastle-based Ward Hadaway is to open in Leeds after poaching five partners and two associates. The eight lawyer Leeds office, Ward Hadaway’s first base outside its northeast heartland, will open in July and be headed by corporate partner Andrew Hoyle, former senior partner of Tyneside rival Watson Burton, where he also masterminded that firm’s expansion […]

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