Latest Briefings

Food & Drink Update – September 2020

Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.

Coronavirus business interruption test case – judgment in the “insurance case of the century”

Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

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financial

Quinn matches Cravath with $340,000 salary for top-end associates

Quinn Emanuel Urquhart & Sullivan will pay top-end associates $340,000 a year as the battle between US firms for the best talent rages on, it has emerged. The pay scale announced by Quinn matches Cravath Swaine & Moore’s figures released earlier this week, as US firms continue to up the stakes in associate remuneration. Milbank Tweed […]

Clifford Chance goes to $190,000 to match Cravath in New York

Clifford Chance has become the first magic circle firm to announce that it is matching Cravath’s salary scale in its US offices. An internal memo shared with The Lawyer said that salary increases would take effect from 1 July. While Milbank Tweed Hadley & McCloy became the first firm to announce it would pay its […]

money

Milbank challenges Cravath with bumper increases in associate pay

Milbank Tweed Hadley & McCloy has set a new bar for US associate salaries, increasing newly-qualified pay to an industry high of $190,000. The rise puts it above trendsetter Cravath Swaine & Moore, which last upped associate pay for first years in 2016 to $180,000. Lawyers with eight year PQE will pick up $330,000, based […]

Supreme Court

Mishcon felled by four-lawyer firm in landmark Pimlico Plumbers case

In a David and Goliath battle, Mishcon de Reya client Pimlico Plumbers has lost its final appeal against a former employee in a long-running feud over workers’ rights. The five judges unanimously agreed that claimant Gary Smith was a Pimlico Plumbers employee during his time working for the company and not, as Pimlico Plumbers was […]

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