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COVID-19 has put many businesses in a difficult financial situation

Although the Government recognised this by pushing the Corporate Insolvency and Governance Act 2020 through Parliament to try and stem the inevitable wave of insolvencies, directors and owners cannot afford to take their eyes off the ball for a second.

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Slater & Gordon

Slater & Gordon to cut roles in redundancy round

Slater & Gordon is embarking on a redundancy consultation, this time targeting a segment of its fee-earner population. The move is understood to affect up to ten roles across fee-earners and business services staff working in areas such as employment and family claims, as well as property, wills and trusts advice across its UK offices. […]

CC

Clifford Chance introduces post-pandemic distributions system

Clifford Chance has introduced a new formula to regulate its profit distributions against the economic fallout of the pandemic, The Lawyer understands. Sources in the firm said that management has introduced a new self-regulating cash management formula that calculates the amount of distributions to be dished out against current financial and operational statistics. Previously distribution […]

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