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Latest Briefings

FCA opens notifications for temporary permissions regime in case of no-deal Brexit

By François Pfister, Anne-Gaëlle Delabye In order to ensure that investment funds that are currently marketed in the United Kingdom under the European Economic Area (EEA) passporting regime continue to be able to do so in the event of there being no implementation period based on the withdrawal agreement after 29 March (no-deal Brexit), the […]

Changes in the procedure for admission of foreign medical devices and medicines to public procurement in Russia

On 1 January 2019, amendments to the Resolution of the Government of the Russian Federation No. 102 of 05.02.2015 that provides for restrictions and conditions for the admission of certain types of medical devices originating from foreign countries for the purpose of procurement for state and municipal needs (“Resolution No. 102”). And the Resolution of […]

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Travers junior partners’ equity wait extended by a year

Travers Smith has prolonged the time it takes for junior partners to progress into full equity by a year. Junior partners now have to wait three years before they can be considered for the equity partnership, where the average profit per partner stands at £705,000. Voting on this year’s promotions into the equity will take […]

HBJ boosts property with Hammonds raid

•Anglo-Scottish firm HBJ Gateley Wareing has hired Hammonds property partner Ray Simpson, the fifth partner to leave Hammonds this year. Birmingham-based Simpson leaves Hammonds after 10 years and joins HBJ as a partner. Simpson said: “I’ve known [HBJ property head] Richard Pettifor for years and we have complementary client bases.” Simpson was a salaried partner. […]

CC and Slaughters scoop £8.8bn Thomson-Reuters deal

An elite roster of City and Canadian firms have been drafted in to advise on Thomson’s £8.8bn takeover of Reuters. Reuters has turned to its longstanding corporate adviser and panel firm Slaughter and May, which is fielding a team led by veteran corporate partner Nigel Boardman. The combined company, which will be known as Thomson-Reuters, […]

Cannes retreat brings Herbies’ international strategy into focus

Senior partner David Gold’s strategic recommendations were well received at Herbert Smith’s recent partnership retreat, with Cannes-bound partners supportive of proposals for ongoing growth. Despite an evening trip to Monte Carlo rounding off the event on 28 April, word from the firm suggests that no major losses were suffered on the blackjack table. But of […]

White & Case announces salary increases

White & Case is the latest City firm to announce salary increases, with newly qualified lawyers seeing a 12.6 per cent rise from £67,500 to £76,000. Trainees have done better out of the rises than their equivalents at Clifford Chance, with new trainee salaries rising 13.8 per cent from £36,000 to £41,000, while newly qualified […]

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