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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london

Furloughing is a moral tightrope for law firms

Everyone knew there would be moral hazard issues with the UK Government’s furlough scheme when it was announced. All companies, including law firms, now have the option of moving a portion of their staff salaries onto the taxpayer without worrying about paying redundancy packages, regardless of how financially secure their balance sheet is. Tottenham and […]

Hausfeld unveils £1m litigation pot for Covid-19 claims

As law firms across the world implement a wave of financial contingency measures, Hausfeld has opted to take a different route in a bid to maintain business, boldly reserving £1m worth of its lawyers’ time to pursue coronavirus-related claims. As part of a firmwide initiative, involving partners, associates and trainees, Hausfeld is looking to attract […]

Hogan Lovells to furlough UK staff and postpone lawyer bonuses

Hogan Lovells is furloughing up to 30 UK employees and suspending salary reviews and bonus payments worldwide, as part of wider measures to keep costs down during the Covid-19 crisis. Salary reviews and bonuses for lawyers in the firm’s UK and Asia Pacific offices, due at the start of May, will be postponed. Associates in […]

Irwin Mitchell Offices, London

Irwin Mitchell executive board agrees pay cut during lockdown

Irwin Mitchell’s executive board have taken a 10 per cent pay cut during the Covid-19 lockdown period. The ten members of the firm’s exec board have agreed the 10 per cent cut, with partners also asked yesterday (16 April) to support on the same basis. The firm says it does not yet know how many […]

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