Latest Briefings

Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

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City

Cadwalader’s London results suffer after restructuring exits to Milbank

Cadwalader Wickersham & Taft’s London office recorded a double-digit decrease in its revenues, after a series of big-billing partners left the firm for Milbank Tweed Hadley & McCloy at the start of last year. City turnover fell from $50m to $43m, although the firm added that revenues increased overall when discounting the partners who exited. […]

london, money, cash

Milbank posts 25% London revenue rise after getting serious with recruitment push

Milbank Tweed Hadley & McCloy has led the pack of US firms posting their London financials, announcing a 25 per cent increase in revenue to $156m. These results have been released ahead of the firm’s international financials, which are expected shortly, with London said to be “one of the key drivers” in the success of the […]

Exit sign

Fried Frank plugs finance gap with Milbank hire

Plugging a gap in its leveraged finance offering in the City, Fried Frank Harris Shriver & Jacobson has secured a new partner in London from Milbank Tweed Hadley & McCloy. Neil Caddy has been a partner at Milbank for over six years, joining in 2012 from Mayer Brown. His practice focuses on leveraged financing and restructuring, […]

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Orrick grows PE team with Simpson Thacher and Milbank duo

Orrick’s City office has offered partnership to two private equity lawyers from Simpson Thacher & Bartlett and Milbank Tweed Hadley & McCloy to bolster the firm’s efforts in this area. James Connor and Daniel Wayte join from Simpson Thacher and Milbank respectively, and have been brought in to add bench-strength to Orrick’s London private equity practice and add […]

David Pollitt, DAC Beachcroft

Financials 2019: DACB turns net debt into net cash

DAC Beachcroft has posted a strong set of results for the 2018/19 financial year, consolidating on the previous year’s growth, as well as turning net debt into net cash for the first time since David Pollitt took over as managing partner. A 6 per cent increase in turnover from 2017/18 saw the firm rise from […]

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