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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HFW reveals record turnover and double-digit PEP growth

HFW’s revenue hit record levels over 2019/20, as the firm targets a September return to the office in London.  Revenues went up by 9.1 per cent, with the firm recovering from a flat year in 2018/19. In the last 12 months, turnover increased from £178.9m to £195.2m.  The latest hike means revenue has increased by […]

John Cleland

Pinsents’ PEP falls for second consecutive year

Despite global turnover rising by four per cent over the last 12 months, profit per equity partner (PEP) at Pinsent Masons has dropped for the second year in a row. With a reduction of almost 12 per cent, Pinsents’ PEP dropped from £620,000 to £546,000 for the last financial year, representing yet another blow following last […]

kpmg

KPMG’s legal arm sets goal to reach £100m turnover

The leaders of KPMG’s legal arm have been given a mandate to grow it into a £100m business in the next few years. The branch, which has now rebranded and started trading as KPMG Law, has been indicated by the accountancy firm’s board as a strategic priority, especially when it comes to the UK. KPMG […]

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