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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…

Recommended

1

Squaring up in the Magic Circle

This year’s reporting season looks like being a doozie. What with Lovells’ final ever appearance as a UK firm, LG’s comical 63 per cent PEP increase and the now unveiled reality of Halliwells’ plummeting (and ultimately terminal) turnover, there’s no shortage of fun. But the really big story looks like being at the top of […]

Reed Smith forced to wait for half its Pinsents partner team

Two of the senior construction partners snared by Reed Smith from Pinsent Masons as part of a four-partner team have joined the US firm, but the other two partners remain temporarily locked-in at the national firm. Peter Cassidy and Keith Hartley joined Reed Smith earlier this month. No clear date has been set, however, for […]

Guy Hinchley
4

Mills & Reeve sees marginal increases in turnover and PEP

Mills & Reeve has posted slight increases in turnover and average profit per equity partner (PEP) for the 2009-10 financial year. Fee income increased 1 per cent from £66.6m to £67.3m, while PEP rose 2 per cent from £301,000 to 307,000. Net profits rose 6 per cent to £18.6m. Managing partner Guy Hinchley said the […]

Andrew Lilley
6

Travers Smith sees PEP soar 53 per cent to £705,000

Travers Smith has staged a stunning financial recovery, with revenues projected to be £72m for the 2009-10 financial year. This represents an increase of 12 per cent from last year’s turnover of £64.5m, although the firm has yet to recover its record performance of 2008, when it posted £81m in revenues. Travers’ average profit per […]

David Harris
2

Lovells’ PEP rises 13 per cent in year before Hogan merger

Hogan Lovells legacy firm Lovells has reported a 13 per cent increase in average profit per equity partner (PEP), rising from £586,000 to £663,000. This represents the firm’s best-ever PEP performance, narrowly beating its previous high of £661,000, which it achieved in 2007-08. Global revenues grew by 2 per cent, with the London office contributing […]

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