Squaring up in the Magic Circle

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Latest Briefings

Sentencing Council publishes gross negligence manslaughter definitive sentencing guideline

The penalties imposed on individuals for fatal accidents in the workplace are set to increase after the Sentencing Council for England and Wales published its definitive sentencing guideline for gross negligence manslaughter. Walker Morris health and safety experts, Stuart Ponting and Robert Starr, consider the new guideline and the implications for employers and directors…

Energy Update – August 2018

This energy update includes the following white papers: CMA publishes final report on Heat Networks calling for new regulation The first National Infrastructure Assessment is published recommending growth in Green Energy NAO report on package recycling Update on Electric Vehicles Amendment Regulations 2018 – in force 24 July 2018 The Mayor of London’s Energy Efficiency […]

Will the revised NPPF lead to more affordable housing?

By Katherine Evans On 24 July 2018, the long-awaited revised NPPF was released. The omission of social rented homes from definition of affordable housing in Annex 2 of the draft revised NPPF has been addressed. Starter Homes are now included in the definition but secondary legislation is still required to set out financial eligibility for […]

Luxembourg publishes law on VAT grouping

As foreseen in our previous newsflash, the law on VAT grouping has officially been published, last Friday. The text – which provides for an entry into force on 31 July 2018 – modifies the general VAT Law. It now enables Luxembourg entities sharing financial, economic and organisational links to set up a VAT group, thus allowing them to […]

Reform of the Portuguese pricing and reimbursement system

By Edward J. Dougherty Following a recent reform in 2015, the Portuguese pricing and reimbursement system is sophisticated and comprehensive. Nevertheless, substantial discretion is allowed to the competent national authority, and this is the source of most challenges for innovators…

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Freshfields advises BP on Gulf of Mexico oil spill

Freshfields Bruckhaus Deringer has snared a leading role acting for BP in its defence of any potential takeovers in the wake of the Gulf of Mexico oil disaster. London corporate head Mark Rawlinson is one of a number of partners forming the advisory team at the magic circle firm. Rawlinson has been involved in a […]

Mishcon experiences another tough year for PEP

Mishcon de Reya has posted another sharp decline in average profit per equity partner (PEP), with the firm’s PEP now having dropped 39 per cent in two years. Mishcon’s PEP was £450,000 in 2009-10, down from £575,000 the year before. In 2007-08 the firm’s PEP had been £740,000. Managing partner Kevin Gold said the firm’s […]

Robert Hickmott

On the move

Quinn Emanuel Urquhart & Sullivan has taken on commercial litigator Robert Hickmott, who joins the firm’s London office as a partner. Move of the week Hickmott was previously a partner at CMS Cameron McKenna in its banking and insolvency litigation group. Quinn Emanuel managing partner John Quinn said: “Robert has substantial experience in finance and […]

Slaughters scores Travis Perkins’ takeover of BSS Group

Slaughter and May has scored a new mandate advising builders’ merchant Travis Perkins on its £558m takeover of BSS Group. Corporate partner Robert Stern and M&A head Stephen Cooke led on the deal, which was agreed last week. They were assisted by finance associate Mark Dwyer, together with corporate associates Iqbal Hussain and Matthew Poxon. […]

Charles Martin

Macfarlanes’ revenue drops 7 per cent

Macfarlanes has unveiled a 6.7 per cent revenue fall for the 2009-10 financial year, with fees dropping from £99m to £92.4m. This is the first time the London firm has reported its financial results during the reporting season and follows the firm’s convertion to a limited liability partnership in 2008 (16 November 2009). The previous […]

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