KPMG UK: Number of equity partners dips below 500 as Big Four layoffs begin November 19, 2023 KPMG UK has cut its number of equity partners to less than half the size of rival PwC in a sign that the firm has not hesitated in making cuts right at the top of the firm as the Big Four begin another round of layoffs.
EY UK boss: Issues that led to split plan still exist – we need to find an answer November 19, 2023 The problems that EY’s failed split plan was supposed to answer are still lingering, the firm’s UK boss has warned in a rare interview. Speaking to The Sunday Times, EY’ UK chair and UK and Ireland’s managing partner Hywel Ball, highlighted the firm’s need to “find a response” to the questions that led it to [...]
Spotlight on Slater and Gordon work as lawsuit alleges ‘secret commissions’ November 17, 2023 Law firm Slater and Gordon could be forced to pay out more than £500,000 in compensation after several clients sued the firm for being pushed to take out insurance policies because it was allegedly receiving "secret commissions" from the insurer.
Younger lawyers ‘want to pick and choose’ more ethical clients, complain older heads November 16, 2023 Younger lawyers are asking to duck out of work on clients who clash with their ‘ethical’ standards, a new survey has revealed. Senior City lawyers told City A.M. they are seeing tension between the young and older lawyers due to their “attitude towards working practices”. Fresh data conducted by Obelisk Support published today stated that [...]
City lawyer convicted for ‘tipping off’ client about money laundering probe November 15, 2023 A City lawyer has been convicted for "tipping off" one of his clients about a money laundering investigation by the Serious Fraud Office.
Listed law firm Knights ‘delighted’ to appoint chairman of LADbible November 15, 2023 Knights has appointed Dave Wilson as non-executive chair of the board, replacing the company's long-serving chair.
Business backs plan to review national security takeover law November 15, 2023 Business groups have welcomed plans to review UK legislation designed to intervene in critical takeovers, saying it is clear the law needs refining.
Lawyers will likely pay higher fees to cover Axiom Ince collapse, SRA says November 14, 2023 The regulatory body for the legal sector has said today it will probably need to increase the annual levy solicitors pay to the authority in order to cover the collapse of law firm Axiom Ince.
Axiom Ince: SFO makes seven arrests as it probes fraud claims at collapsed firm November 14, 2023 The Serious Fraud Office confirmed today that it is investigating allegations of fraud surrounding the collapse of law firm Axiom Ince, announcing it has arrested seven individuals and carried out multiple raids.
Two-thirds of people would join a class action against their own company November 14, 2023 Class actions are the desirable route for people, as 64 per cent of people would join if they thought a company had broken the law, up four per cent on the previous year. New data from Portland Communications shows that 63 per cent of people would also join a class action against their own employer [...]