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Freshfields Bruckhaus Deringer LLP
Ex-Freshfields lawyer convicted over tax fraud received €2mn severance pay
...He endorsed share-swapping deals that were used to trick German tax authorities into refunding dividend tax that was never paid in the first place in a series of legal opinions issued between 2006 and 2009...
February 11, 2024
Linklaters LLP
Linklaters hires Shearman dealmaker as ‘magic circle’ jostles for US foothold
...businesses,” Shearman said in a statement, which also thanked Casey and Schiwek for their contributions.Linklaters has made several hires in the US in recent years in its energy, financial regulation and tax...
January 8, 2024
FT Live
Innovative Lawyers Awards Asia-Pacific
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 16 MayHong Kong
Freshfields Bruckhaus Deringer LLP
Freshfields’ former tax partner sentenced to 3½ years in jail
...In his ruling Gröschel also took aim at Freshfields, accusing the tax practice of one of the world’s most prestigious law firms of having developed “its own business model” that specialised in giving affirmative...
January 30, 2024
Freshfields Bruckhaus Deringer LLP
Ex-Freshfields tax chief should be spared prison, his lawyer says
...Ulf Johannemann, who was the “magic circle” law firm’s most senior tax lawyer until 2019, has been on trial since September over legal advice he gave to Maple Bank, a failed German subsidiary of Canada’s...
January 22, 2024
Freshfields Bruckhaus Deringer LLP
Ex-Freshfields partner on trial for tax fraud takes ‘full responsibility’ for errors
...He conceded that he had “switched off my common sense” as he focused on a formalistic application of the law....
December 18, 2023
Freshfields Bruckhaus Deringer LLP
Ex-Freshfields partner ‘highly likely’ to be convicted in tax scandal
...Maple Bank relied on legal opinions issued by Johannemann stating that so-called “cum-ex” transactions were legal under Germany’s tax law....
December 4, 2023
FT Live
Innovative Lawyers Summit
Guiding business in a new global age
Wednesday, 11 SeptemberLondon, UK
Tax
BlueCrest loses appeal over tax on partner pay
...One of the presiding judges at the appeals court, Sir Launcelot Henderson, concluded in the judgment that “as a matter of law, the PIP awards had the character of income”....
December 21, 2023
Freshfields Bruckhaus Deringer LLP
Prosecutors call for 5-year jail term for former Freshfields partner
...Ulf Johannemann, who until 2019 was the “magic circle” law firm’s most senior tax lawyer, has been on trial in Frankfurt since September over legal advice he gave to Maple Bank, a defunct German subsidiary...
January 15, 2024
Brunswick Group LLP
Brunswick hires Lincoln Center boss to spearhead global expansion
...down as boss of “magic circle” law firm Slaughter and May this summer....
February 7, 2024
Body Shop International PLC
The Body Shop appoints administrators for UK business
...Matthew Padian, a partner at law firm Stevens & Bolton, said the scale of the restructuring embarked upon by Aurelius was “quite surprising”....
February 13, 2024
Legal services
Profits stall at London’s ‘magic circle’ law firms during pivotal US expansion
...Pre-tax profits at Linklaters dipped by 2 per cent from the previous year to £854mn, excluding exceptional items, while Allen & Overy’s fell to £892mn, from £900mn....
July 31, 2023
The Big Read
Kirkland & Ellis: is it party over for the world’s most profitable law firm?
...Vista on matters ranging from negotiations with investors over buyout funds to the agreement that shielded Vista’s billionaire chair Robert Smith from prosecution for his part in one of America’s biggest tax...
December 12, 2023
Due Diligence
Biden and Sunak meddle in two big deals Premium content
...At least that’s according to Neel Sachdev, co-head of the London office of US law firm Paul Weiss....
March 14, 2024
Paul Weiss
US law firm Paul Weiss mounts further raid on rival Kirkland
...Three other Kirkland lawyers are also joining the firm as partners: tax specialists Timothy Lowe and Cian O’Connor and M&A adviser Andreas Philipson....
September 11, 2023
Special ReportAsia-Pacific Innovative Lawyers
Practice of law: best practice in legal work
...The centre’s advice on interpreting the rules, co-ordinating them with the country’s tax law, and researching other tax regimes, played a role in South Korea being the first OECD member to codify global...
May 5, 2023
FT Live
Innovative Lawyers Awards Europe
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 12 SeptemberLondon, UK
LexCamilla Palladino
The Lex Newsletter: threat of junk inspires no funk for Italy Premium content
...Take, for instance, Prime Minister Giorgia Meloni’s budget law for 2024. She has promised €24bn in tax cuts and spending increases, largely to the least well-off....
November 15, 2023
News in-depthPaul Weiss
‘Project Springsteen’: how law firm Paul Weiss raided rival Kirkland in London push
...Within days, the discussions produced a plan for Paul Weiss to hire a team of lawyers capable of advising buyout firms on dealmaking, financing, tax, antitrust, litigation and restructuring....
September 15, 2023
Allen & Overy LLP
Allen & Overy warns of headwinds as profits drop
...Allen & Overy on Thursday admitted the law firm’s profit margins were “under pressure” from sharp pay inflation as it reported flat pre-tax profits despite a rise in client revenue that took the annual total...
July 13, 2023
Due Diligence
Paul Weiss’s raid on Kirkland continues Premium content
...on its larger, more profitable rival Kirkland & Ellis have led to Paul Weiss establishing a heavy-hitting team of lawyers capable of advising their private equity clients on deals, debt financings and tax...
September 12, 2023
Victoria PLC
Victoria plc’s audit nightmare
...We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law....
September 24, 2023
News in-depthParamount Pictures Corp
Redstone and Ellison plot complex finale to Paramount family drama
...Redstone’s father used his tax law training to concoct complex transactions including acquisitions of Viacom, Paramount Pictures and CBS....
February 2, 2024
Christopher Rokos
Chris Rokos reaches settlement with Deloitte over £40mn tax bill
...It also covered law firm McDermott Will & Emery, which was named as a co-defendant in the suit that Rokos filed in 2020....
July 4, 2023
Special ReportAccelerating Business
Law firms embrace the efficiencies of artificial intelligence
...In a sign of growing confidence in the technology, PwC last week pledged to invest $1bn in AI to automate parts of its audit, tax and consulting business over the next three years....
May 4, 2023
Your QuestionsLucy Warwick-Ching
Should I use mediation for my divorce?
...This could involve bringing your professional advisers into mediation meetings, including company accountants, tax advisers, wealth managers and independent financial advisers....
May 31, 2023
News in-depthHigh Court of England & Wales
High Court judges invested in tax avoidance schemes
...One of the schemes, Curo Charlotte House LLP, centred on a Glasgow hotel....
May 16, 2023

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