Coca Cola scraps policy requiring law firms to have 30 per cent ‘diverse’ staff March 29, 2022 The Coca Cola Company has scrapped a policy requiring any outside law firms it works with to have 30 per cent “diverse” staff. Coca Cola’s decision to scrap its diversity policy comes after the firm faced pressure from a group of shareholders threatening legal action against the drinks maker over its ethnic diversity policy, according [...]
London’s Actis tables $500m for Asia expansion as it branches out into Japan March 29, 2022 British investment firm Actis has branched out into Japan with a new office, as it expects to spend $500m (£382) over the next five years on its push into Asia. The London-headquartered private equity firm has unveiled a new Tokyo base, to double down on risk-return opportunities in the region. Actis, founded in 2004, also [...]
Law firm price comparison sites could push smaller businesses out, Law Society says March 29, 2022 Law Society vice president Lubna Shuja has said regulators’ plans to push law firms onto price comparison sites could lead to big firms monopolising the market and pushing smaller firms aside. The solicitor warned that efforts to force law firms to appear on digital price comparison tools could result in law firms carrying higher costs, [...]
Clyde & Co agrees merger with BLM following partner vote March 29, 2022 City of London law firm Clyde & Co has agreed to merge with insurance specialist law firm BLM. The merger will see the two firms join forces to form a major global law firm with more than £700m in revenues and 5,300 employees – including 2,600 lawyers. The coming together of the two firms is [...]
Imran Ahmad Khan goes on trial in London for groping young boy March 29, 2022 A Tory MP is due to go on trial accused of groping a 15-year-old boy. Imran Ahmad Khan, 48, represents Wakefield in West Yorkshire. He denies a single charge of sexual assault against the then teenager in Staffordshire in January 2008. The politician, who has been suspended by the Conservative Party, will stand trial at [...]
Hong Kong life insurance market value to exceed £73bn in next four years March 28, 2022 Hong Kong’s life insurance market value has been pegged to soar over the next few years, driven by the pandemic-era trend to get one’s affairs in order. The industry is forecast to grow at a compound annual growth rate of 6.6 per cent, and more than five per cent over the 2022. Analysts at GlobalData [...]
Dubai Sheikh labelled domestic abuser by judge as he loses custody of children March 25, 2022 A British judge has said Dubai’s sole leader inflicted “exorbitant” domestic abuse against his ex-wife, after he launched a campaign of “coercive ad controlling behaviour” against the mother of his children. The Family Court awarded sole custody for the couple’s two children, to the former wife of Dubai Sheikh Mohammed bin Rashid Al Maktoum, as [...]
Tory minister names and shames two more City law firms that worked for Russian oligarchs March 25, 2022 Cabinet minister James Cleverly has named two other law firms that sent legal letters to the Foreign Office seeking to challenge the government’s sanctions regime on behalf of “Russian or Russian-linked” clients. The Conservative MP said City of London law firms W Legal and Peters & Peters both sought to challenge the UK’s sanctions. In [...]
Transport secretary vows to force P&O to pay UK minimum wage and ‘U-turn’ on firing decision March 25, 2022 Transport secretary Grant Shapps has said he will force ferry operators to pay UK minimum wage whilst they’re in international waters, after calling for P&O boss Peter Hebblethwaite to resign from his position as head of the Dubai owned firm. The Tory minister said he will close the “loopholes” that let shipping companies pay seafarers [...]
Bar Council chief hits out at critics who say lawyers are enabling Vladimir Putin’s regime March 25, 2022 The head of the Bar Council has claimed lawyers are being unfairly criticised as “facilitators and enablers” of Vladimir Putin’s regime. Speaking at a service at Temple Church last night, Mark Fenhalls QC, chair of the body that represent barristers, hit out at critics of the lawyers who have worked for those with links to [...]