News in brief – December 2016

News in brief – December 2016

PARTNERSHIPS AT RISK IN AUTUMN STATEMENT

Chancellor Philip Hammond signalled a change to partnership taxation in November’s Autumn Statement, which is expected to impact law firm pay. Hammond said he will shake up profit-sharing arrangements, and according to UHY Hacker Young tax partner Roy Maugham, the government will propose that partnerships must decide their profit-sharing arrangements at the beginning of the tax year rather than at the end, regardless of how individuals perform.

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‘A landmark for the industry’: BLP and Nabarro advise CBRE on £1.4bn flagship property fund merger

‘A landmark for the industry’: BLP and Nabarro advise CBRE on £1.4bn flagship property fund merger

Berwin Leighton Paisner (BLP) and Nabarro acted opposite Eversheds and Mayer Brown on CBRE Global Investors’ merger of its UK Property Fund with the Electricity Supply Pension Scheme (ESPS), creating a £1.4bn property fund called the CBRE UK Property PAIF. Continue reading “‘A landmark for the industry’: BLP and Nabarro advise CBRE on £1.4bn flagship property fund merger”

Comment: Camerons double merger adds up but will it multiply?

Comment: Camerons double merger adds up but will it multiply?

Pity the poor pundit obliged to come up with an opinion on the obtusely-forged union of CMS Cameron McKenna, Nabarro and Olswang. Despite representing one of the largest legal mergers in the UK, taking a view on the tie-up, good, bad or indifferent is challenging, not least because the trio have so far been strikingly gnomic over the whole thing.

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Camerons’ double merger adds up but will it multiply?

Camerons’ double merger adds up but will it multiply?

Pity the poor pundit obliged to come up with an opinion on the obtusely-forged union of CMS Cameron McKenna, Nabarro and Olswang. Despite representing one of the largest legal mergers in the UK, taking a view on the tie-up, good, bad or indifferent is challenging, not least because the trio have so far been strikingly gnomic over the whole thing.

The union combines three brands with impressive industry credentials across real estate, media, technology, financial services, energy and life sciences. That is a lot of sector to focus but in those areas, these outfits carry potency.

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‘I didn’t see anyone not put their hand up’: CMS, Olswang, Nabarro vote for merger

‘I didn’t see anyone not put their hand up’: CMS, Olswang, Nabarro vote for merger

Madeleine Farman, Matthew Field and Kathryn McCann speak to those inside and outside the fence

‘A merger was definitely going to happen. That was obvious when I was at CMS four years ago,’ a former CMS Cameron McKenna partner tells Legal Business. ‘It is another great scheme; I don’t feel that the firm’s brand has improved since I left. I know from people inside that the network, although they make a great show of it working well, doesn’t really work as well as it should.’

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