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10 stumbling blocks in a business exit

Every business exit is different and a seller’s requirements will vary depending on the nature of their target business, the parties involved and the wider commercial climate. Even so, common issues crop up regularly.

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Freshfields halts partner distributions for Q4

Freshfields Bruckhaus Deringer will not be dishing out partner profits for Q4, while the magic circle firm has also called off its partner conference, which had been scheduled for this summer. It comes as firms across the board decide whether to hold back or reduce partner distributions, or ask partners to put in slightly more […]

Simmons is latest firm to delay partner distributions

Simmons & Simmons is to delay partner distributions, echoing similar measures taken across the legal industry to reduce the impact of the fallout of the Covid-19 emergency. On top of the distribution delay, the firm said every decision about pay and bonuses will be deferred until later in the year. A spokesperson for the firm […]

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Womble Bond Dickinson places staff on furlough and defers partner distributions

Womble Bond Dickinson is placing some of its non-fee-earners on furlough in response to the coronavirus pandemic, while it has also deferred partner distributions. The Lawyer understands that one-third of UK staff have been placed on furlough leave, however, their salaries will be topped up to 100 per cent, the firm said. In response to the […]

DLA Piper furloughs staff amid coronavirus pandemic

DLA Piper has placed some of its non-fee-earners on furlough in response to the coronavirus pandemic. The firm has furloughed a number of people in its UK property and workplace team. The department provides premises and office services including management and maintenance of DLA’s offices. The firm states that the employees are currently at home […]

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