Latest Briefings

CBI confirms details for taxonomy regulation and SFDR level 2 fast track processes

On 15 November 2021, the Central Bank of Ireland (“Central Bank”) issued a Notice formally confirming its intention to establish a fast-track filing process and also clarified the filing requirements for pre-contractual documentation updates in relation to the Taxonomy Regulation (“TR”) and Sustainable Finance Disclosure Regulation Level 2 measures (“SFDR L2”). The TR requirements will […]

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Jeremy Cohen

Dentons asks employees to work four-day week for six months

Dentons UK and Middle East LLP is asking all of its employees to work a four-day week for six months, with partner drawings reduced by 20 per cent for the same period. The firm has made the announcement as part of its wider package of Covid-19 measures, aimed at combating the financial impacts of the […]

Gide cuts partner remuneration but keeps associate pay rises

French firm Gide Loyrette Nouel has decided to cut partner pay by up to 25 per cent to keep the business afloat in response to the global impact of Covid-19. Gide’s executive committee has recently taken two precautionary measures to protect the financial stability of the firm. A reduction of up to 25 per cent […]

madrid

CMS lays off Madrid lawyers and staff while HSF goes to four-day week in Spain

Herbert Smith Freehills (HSF) is one of two international firms that have been forced to implement cost-saving measures in their Spanish offices this week due to the coronavirus pandemic. HSF has told its Madrid employees that they will work a four-day week from 1 May, cutting their salaries by a corresponding 20 per cent. Meanwhile, […]

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