Latest Briefings

10 stumbling blocks in a business exit

Every business exit is different and a seller’s requirements will vary depending on the nature of their target business, the parties involved and the wider commercial climate. Even so, common issues crop up regularly.

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Travers Smith

Travers reduces annual bonuses as part of Covid-19 cuts

Travers Smith has deferred salary reviews and reduced its annual firmwide bonus as part of additional measures to protect the financial stability of the firm. In April, the firm cut monthly partner drawings, with senior partners taking a 25 per cent cut in drawings. It also deferred partner distributions “until the longer-term trading position becomes […]

Simmons & Simmons

Simmons promotes six new partners after Covid delay

Simmons & Simmons has announced its latest set of partner promotions, after opting to defer the decision earlier this year. The small collective of six marks a huge contrast to last year, when the firm promoted its largest round ever. In 2019, 15 lawyers ascended to the partnership, including eight in its City office. It […]

People walking office

Freeths to cut 80 roles in redundancy process

National firm Freeths is to start a redundancy consultation across its offices, the latest firm to announce such plans as a result of Covid-19. The firm expects to cut around 80 roles across its 13 UK locations, including both lawyers and professional support staff. News of the process was delivered by chairman Colin Flanagan in […]

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