Travers Smith

We are delighted to announce the launch of our Artificial Intelligence Academy, an internal training programme, open to the entire firm. This innovative programme, featuring mandatory modules, will leverage the firm's market leading expertise and innovative approach to AI, embedding a deeper understanding of how AI can be used to enhance client engagement, increase productivity and boost efficiencies.   Spearheaded by Emily Tearle, the programme has been devised in collaboration with Oliver Bethell, the Technology team and other key stakeholders across the business, including Risk & Compliance, Legal Transformation and Knowledge. The aim of the programme is to ensure all our lawyers and business services teams remain AI literate as it continues to evolve at pace.  #AI #ArtificialIntelligence Find out more: https://lnkd.in/gdjdVx5v

Welcome to our series of podcasts exploring the upcoming Autumn Budget in advance of Wednesday 30 October. Listen to the episodes below, where our tax team shed light on recent speculation about potential changes made by the Labour Government, and what to expect from this week's Budget announcement. https://lnkd.in/eMFdDK3S #AutumnBudget #Budget2024 #Tax

A team led by Emma Havas has advised long-standing client Phoenix Equity Partners and management on the sale of Redington, the independent institutional investment consultant, to Arthur J. Gallagher & Co. The team also included Russell Warren, Sian Keall, Samuel Brewer, Rebecca Denton, Navi S, Anaya Dhawan, Sophia Adedoyin, Hanna Bates-Martens and Zachary Benson. Read our press release: https://lnkd.in/eh-4k-Gu

Amidst the ongoing financial fair play proceedings in relation to Manchester City FC, an award has been handed down in the separate arbitration proceedings brought by the club challenging the Premier League's rules concerning Associated Party Transactions (APT Rules). The tribunal found, inter alia, that two aspects of the Premier League’s APT Rules breach UK competition law, meaning that the APT Rules will now need to be amended by the Premier League and its clubs.   Read our full briefing which outlines the APT Rules and City's challenges to these rules, discusses the key features of the arbitral tribunal's decision in relation to these challenges, and considers some potential implications of the tribunal's verdict. https://lnkd.in/eXwyi9VX   #Arbitration #Competition #Sports #Disputes

In the first episode of our series From Manifesto to Budget, Tax Partner Elena Rowlands, and Senior Associates Tom Margesson and Sarah Roman from our Asset Management Tax team provide an overview of the carried interest tax rules and discuss what measures the Government might introduce in the upcoming Autumn Budget 2024 to close what it has termed the "carried interest loophole". Listen to the full episode on our website: https://lnkd.in/erz8eyGr #Tax #AssetManagement #Budget2024

William Normand has been quoted in the Financial Times discussing the emergence of long-term asset funds (LTAFs) in the UK. Read the full article on the FT's website: https://lnkd.in/ep_yayHc

In JIBFL's recent "In Practice" article, NAV facilities to credit funds: in an asset class of their own, Partner Laura Smith and Senior Associate Adam Burk explore the points of difference between NAV facilities for credit funds and NAV facilities for other asset classes. This article was first published in the October 2024 Issue of Butterworths Journal of International Banking and Financial Law. Read the article: https://lnkd.in/e2jzk36e  #FundFinance #NAVFacility #CreditFunds

We are delighted to have advised Investec on the cash confirmation of the recommended £191m takeover bid of N Brown Group plc by Falcon 24 Topco Limited, a company owned and controlled by Joshua Alliance. Our team on this transaction was led by Senior Partner Andrew Gillen, assisted by Senior Associate James Addison and Associate China Waters. Finance advice was provided by Senior Consultant Andrew Gregson. This transaction is just one of a number of recently announced or completed public takeovers led by the Travers Smith team, including the offers for Tyman, Lok'nStore, DWF, EMIS, Numis, Medica, Devro, Ideagen, Forward Partners, Brewin Dolphin, Xpediator, Cenkos, Blancco Technology, Crestchic and Adept Technologies. Our team also worked with Investec last year on the cash confirmation of DBAY's takeover bid for Finsbury Food Group plc. More: https://lnkd.in/dPzPHQNB #MergersAndAcquisitions #Retail #Fashion

Increased focus on ESG compliance and the dynamic regulatory landscape is increasingly a focus of in-house legal teams. How can private practice sustainability experts support them well to leverage the opportunities this can bring?   Heather Gagen, Head of ESG & Impact and Head of Dispute Resolution, debated how to help companies fulfil their sustainability ambitions with an eye to the associated legal and reputational risks alongside fellow panellists Harry Borovick and Helen Bowdren in a session expertly chaired by Clive Coleman at London Law Expo 2024.   Find out more about our cross-disciplinary team ESG and Impact team: https://lnkd.in/e_XPU9VQ   #LLE2024

We are delighted to present the Autumn edition of International Insights, our quarterly newsletter for overseas lawyers and clients.   In this issue, we review recent developments in UK law and practice, and scan the horizon for future changes which may have an impact on businesses operating in or trading with the UK.   The full newsletter also includes a note from our Head of International William Howard, a postcard from one of our secondee lawyers, a spotlight on our investigations checklist and recent news and knowledge.   Read the full newsletter on our website: https://lnkd.in/eWyRRMa7