Insights & Commentary

Sharp legal thinking for serious businesses

Practical analysis from our partners on the deals, regulations and governance questions shaping the corporate landscape — written for the people who have to make the call.

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Corporate law team reviewing transaction documents

Earn-outs are back: structuring deferred consideration when buyers and sellers disagree on price

With valuation gaps widening in the mid-market, earn-outs have re-emerged as the bridge that keeps deals alive. We break down the drafting traps — leaver provisions, accounting conventions and the dreaded “reasonable endeavours” covenant — that decide whether a deferred payment is ever actually paid.

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From the desks of our partners

Governance

The new director: navigating duties in a post-reform boardroom

What the latest changes to directors' duties mean for board minutes, conflicts policies and the personal exposure of those around the table.

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Glass office tower

Inside the Series B: what investors really want from your data room

A founder's guide to assembling a diligence-ready data room that accelerates a round rather than stalling it at the eleventh hour.

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Finance

Covenant-lite isn't risk-lite: reading the small print in acquisition finance

Why the flexibility borrowers love can mask exposures that only surface when a business hits turbulence — and how to spot them early.

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Senior corporate lawyer

Limitation of liability clauses that actually hold up in court

The drafting principles that separate an enforceable liability cap from one a judge will quietly set aside — with worked examples.

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M&A

Warranty & indemnity insurance: who really benefits?

W&I cover has become a deal staple — but the gap between policy and SPA is where claims quietly die. A practical guide for both sides.

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Governance

Shareholder disputes: building a constitution that prevents them

Deadlock, drag, tag and the exit mechanics every shareholders' agreement should settle long before relations sour.

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