London’s Big Law hires near record level despite recession March 5, 2024 Law firm partner hires in the first two months of 2024 ran at the second highest pace on record. According to data provided by legal recruiter, Edwards Gibson, there were 101 law firm partner moves in the first two months of this year, an increase of 7 per cent on the number of hires the [...]
Appeal: HMRC faces off Blackrock over transfer pricing March 5, 2024 Blackrock Holdco 5, LLC was a structure used by Blackrock when it acquired the North American investment management business of Barclays Global Investors from Barclays Bank in December 2009.
Former Autonomy boss Mike Lynch settles data claim with SFO days before trial March 5, 2024 Mike Lynch, the former boss of software firm Autonomy, has settled his lawsuit with the Serious Fraud Office (SFO), days before the parties were due in court. Lynch filed a data lawsuit against the UK’s fraud agency at the end of January, ahead of his criminal trial in the US. According to his claim form [...]
Former Axiom Ince lawyer rebuked after failing to take client instructions March 5, 2024 Sidhu, who is now a solicitor at Taylor Rose's Ealing office, was investigated by the Solicitors Regulation Authority (SRA).
Dentons accused of anti-money laundering failures when representing a ‘politically exposed’ client March 4, 2024 The largest law firm in the world, Dentons, is defending itself against allegations from the legal regulator that it breached anti-money laundering regulations when acting for a client. Starting on Monday, the law firm was at the Solicitors Disciplinary Tribunal (SDT) over allegations that the law firm failed when acting for a politically exposed person [...]
Court pauses civil case against WealthTek so FCA can prioritise criminal probe March 4, 2024 Civil litigation against financial adviser Wealthtek and John Dance was ‘stayed’ by the High Court in order for the regulator to prioritise criminal investigation. The regulator took action against WealthTek last April in order to “protect consumers following the identification of serious regulatory and operational issues”. The Financial Conduct Authority (FCA) order the firm to [...]
Regulator hits KPMG and partner with near £2m in sanctions over M&C Saatchi scandal March 4, 2024 The accountancy regulator has fined KPMG and a partner over its audit of advertising agency M&C Saatchi. Back in 2019, the Big Four firm resigned as the ad giant’s auditor amid an accounting scandal which saw the company set aside £6.4m after it had spotted an error in its accounts. The business had also overstated [...]
Ministry of Justice set to introduce new law on litigation funding March 4, 2024 The Lord Chancellor and Justice Secretary Alex Chalk is set to introduce a new law to make it easier for the public to secure financial backing when launching claims against big businesses. The Ministry of Justice (MoJ) unveiled its plans on Monday that a new law will be introduced to address the issue of litigation [...]
A&O Shearman elects leadership team effective in May once merger completes March 1, 2024 Magic Circle firm Allen & Overy (A&O) has elected its senior partner and managing partner that will take over post-merger of A&O Shearman
Court told that Matt Hancock’s tweet did not name Andrew Bridgen in ongoing libel battle March 1, 2024 Andrew Bridgen’s claim of libel from a tweet issued by Matt Hancock “fails to set out” any evidence that the tweet was about him, a court was told. The expelled former Tory MP Andrew Bridgen launched legal action against the ex-health minister and current independent MP, Matt Hancock last year. Bridgen had the whip removed [...]