Freshfields outbids Magic Circle rivals by offering newly qualified lawyers £125,000 a year April 1, 2022 London’s oldest law firm Freshfields Bruckhaus Deringer is set to pay its newly qualified lawyers more than any other Magic Circle law firm, after upping pay for its new associates to £125,000 a year. Freshfields salary hike will see it pay NQs considerably more than its Magic Circle rivals – including Clifford Chance, Linklaters, Allen [...]
Londoners more worried about housing and work situation than those in any other region of the UK April 1, 2022 Those living in London are more worried about what their work and housing situation will look like when they’re older, than those living in any other region of the UK. Although Londoners are confident in their health and believe they have enough savings to last them into old age, those living in London have significant [...]
Growth in UK manufacturing sector plummets to 13-month lows April 1, 2022 Growth in the UK’s manufacturing sector has plunged to its lowest levels in more than a year, due to the impacts of soaring inflation, supply shortages, and the war in Ukraine. The rate of expansion in the UK’s manufacturing sector has dropped to its lowest levels in 13 months, according to S&P Global’s Purchasing Managers [...]
UK plans to sanction all Russian nationals would breach equality laws, banks say April 1, 2022 The UK government’s plans to ban Russians from holding more than £50,000 in UK bank accounts are unfeasible, banks have said. Banks have told the government that the sanctions measures put in place in response to Russia’s invasion of Ukraine would breach equality laws, which prevent discrimination on the basis of nationality. The sanctions set [...]
Mining giant BHP to face £5bn lawsuit over Brazilian dam collapse disaster April 1, 2022 Mining giant BHP is set to face a £5bn lawsuit in London’s Court of Appeal next week, over the collapse of a Brazilian dam in 2015 which led to one of the country’s worst ever environmental disasters. The claim, brought forward by more than 200,000 Brazilians, follows the catastrophic collapse of the Fundão tailings dam [...]
Los Angeles judges approves Activision’s $18m sexual discrimination settlement March 31, 2022 A Los Angeles judge has approved an $18m (£13.7m) settlement between Activision Blizzard and the US Equal Employment Opportunity Commission (EEOC) to settle one of several lawsuits facing the videogames developer. In a statement, Activision Blizzard said the federal court had agreed to sign off on its $18m settlement after the EEOC accused the firm [...]
Hackers tricked Meta into handing over user data after forging emergency requests March 31, 2022 Hackers pretending to be police officers tricked Meta into handing over user data after filing fake “emergency data requests”. The Facebook owner gave user information – including phone numbers and physical addresses – over to hackers, after they filed the falsified requests while pretending to be law enforcement officers, sources told AFP. The hackers were [...]
Use of AI tools in justice system poses serious threat to civil liberties, House of Lords says March 31, 2022 A House of Lords select committee has said the government should set up a national body to regulate use of Artificial Intelligence (AI) in the UK’s justice system, after warning deployment of such tools poses a serious threat to civil liberties. In a report, the House of Lords committee warned that “without many of us [...]
High flying insurance duo plan £150m SPAC IPO on London Stock Exchange March 31, 2022 Insurance industry veterans Will Allen and Andy Rear are planning to raise £150m through the launch of a new special purpose acquisition company (SPAC) in the coming days. The prominent duo plan to list a shell company called FINSAC on the London Stock Exchange (LSE) with a view merging with a leading name insurance technology [...]
Save the Children sets up Islamic charity fund March 31, 2022 A leading Islamic scholar has endorsed Save the Children’s plans to launch a Zakat charity fund. Islamic scholar Shaykh Haytham Tamim issued a Fatwa in favour of Save the Children’s new fundraising policy, meaning Muslims from around the world will now be able to contribute to the charity as part of Zakat. As the fifth [...]