Insurance sector launches hiring spree amid surge in flooding and Covid linked claims April 19, 2022 Vacancies for jobs in the insurance sector hit record highs at the start of 2022 on the back of a surge in claims linked to flooding and Covid-19. The UK’s biggest insurance companies posted more job ads in January than in any other month since the start of 2019, a new report from Vacancysoft shows. [...]
Pinsent Masons enters City bidding war after boosting pay for new lawyers to £92k April 19, 2022 Pinsent Masons has given newly qualified (NQ) lawyers working in its London offices a 22.6 per cent pay rise, in upping their salaries to £92,000 a year. The commercial law firm entered the fray by hiking pay for its freshly trained lawyers from £75,000 to £92,000 a year. NQs working in its regional UK [...]
Commuter belt office space surges in popularity as workers flex hybrid options April 19, 2022 The commuter belt has become the new worker hub as people opt for co-working spaces rather than longer commutes. New data from office space provider IWG, which manages brands Regus and Spaces, found that there was a 91 per cent rise in attendance in Maidenhead in March compared with the month before. Meanwhile, homely towns like Hemel Hempstead [...]
Talent wars: New City bankers rake in £63k before bonus April 17, 2022 Entry level banking analysts can now expect a base salary of £63,000 before bonus as the City continue to drive up pack packets for new joiners. According to a report from professional services recruiter Dartmouth and as reported by the Telegraph, this is a jump of more than a quarter on last year figures. Whilst [...]
High Court bans man from suing people after he files £33.3 quadrillion claim April 13, 2022 The High Court has banned a man from suing people, after he tried to sue someone for more gold than has ever been mined in history. The court said serial litigator Sayed Sangamneheri should not be allowed to file anymore claims for the next two years, after he sought to claim £33.3 quadrillion. After the [...]
High Court judge calls for cap on divorce costs as Siberian supermarket exec racks up £8m in fees April 13, 2022 A High Court judge has called on the government to put a cap on the cost of getting a divorce, in commenting on a protracted legal battle between a Siberian supermarket executive and her homemaker husband. Mr Justice Mostyn decried the “apocalyptic” state of affairs, that has seen a couple rack up £5.4m in costs, [...]
Final battle in WAGs war begins as Rebekah Vardy’s libel trial against Coleen Rooney heads for climax April 13, 2022 London’s High Court heard this afternoon that footballer’s wife Rebekah Vardy “has nothing to hide” ahead of her upcoming libel trial against Coleen Rooney. Mrs Rooney accused Mrs Vardy of leaking “false stories” about her private life to the media in October 2019 after carrying out a months-long “sting operation”. The wife of former England [...]
Martin Shkreli’s lawyers ask to drop him as client as ‘pharma bro’ owes $2m in legal fees April 13, 2022 Martin Shkreli’s lawyers are seeking to drop him as a client, over claims the price-hiking pharma exec owes them $2.04m (£1.57m). Philadelphia headquartered law firm Duane Morris LLP asked for a judge’s permission to pull out of representing Shkreli after claiming the imprisoned former hedge fund manager “has no assets” to pay its fees. The [...]
UK space insurance industry grows by a quarter despite pandemic contraction April 13, 2022 The UK’s space insurance industry grew by quarter in the year the pandemic hit, drawing in some £20m into the more than £16bn sector, according to fresh analysis. Linklaters associate Nicholas Puschman told City A.M. that the growth was “not surprising given that London has a well-established history in underwriting space risks and responding to [...]
Magistrates call for fewer online hearings after defendant tuned in while having a bath April 13, 2022 The rise of remote hearings in magistrates’ courts saw defendants tune into tribunals while having a bath, a new report from the Magistrates Association has said. The use of video calls during the pandemic saw some defendants show a “complete lack of respect” for the court, by appearing “half-naked” and treating the process like “social [...]