Gunnercooke becomes first UK law firm to take payments in cryptocurrency February 21, 2022 London law firm Gunnercooke has become the first major UK headquartered law firm to accept payments in the form of cryptocurrency. In a statement, the City of London litigator said it had partnered with British cryptocurrency exchange Coinpass, to accept payments in the form of both Bitcoin and Ether. Gunnercooke’s decision to begin accepting payments [...]
Law firms match investment banks in handing out UK’s highest graduate salaries February 21, 2022 The City of London’s law firms are now the UK’s highest paying graduate employers, according to new figures from High Fliers, which show UK law firms have now matched investment banks in offering graduates average salaries of £50,000 a year. The graduate salaries paid out by Britain’s major law firms are now on par with [...]
City watchdog FCA looking to hire hundreds of new staff to get grip on consumer credit market February 21, 2022 The financial services watchdog is recruiting for a number of senior roles in a push to expand its oversight and supervision of the City’s credit space. The Financial Conduct Authority, based in Stratford, is looking for a lead supervisor for credit and debt as well as a director for consumer finance. In the publicly available [...]
Dechert and Fried Frank up new lawyers pay as salary battle rages on February 21, 2022 Dechert and Fried Frank have both upped the salaries they pay out to newly qualified lawyers, as the pay battle continues. Dechert confirmed to City A.M. that it has increased pay for newly qualified associates in its London office from £125,000 to £140,000. The Philadelphia firm’s 12 per cent pay rise for newly qualified associates [...]
Hogan Lovells to leave its London HQ for new development opposite its current premises February 21, 2022 British-American law firm Hogan Lovells has said it will leave its City of London headquarters, to move to new premises opposite its current building, after London firm PLP Architecture got the go ahead for plans to build 36,000 square metres of office space on Holborn Viaduct. Hogan Lovells said it will move to other side [...]
Prince Harry vs the Home Office: First hearing over police protection row this morning February 18, 2022 The Duke of Sussex’s High Court claim against a Home Office decision not to allow him to pay for police protection for himself and his family while in the UK will have its first hearing on Friday. Harry wants to bring his children to visit from the US, but he and his family are “unable [...]
Mining giant Vale accused of knowing ‘something wrong’ in Guinea iron ore deal February 18, 2022 BRAZILIAN mining giant Vale withdrew a $1.85bn High Court claim against billionaire Beny Steinmetz over an iron ore venture in Guinea just days before Steinmetz’s lawyers were due to present evidence which alleges that the Vale board knew there was “something dodgy” in a deal to procure mining licences in the country, City A.M. understands. [...]
Hogan Lovells poaches two of Linklaters M&A lawyers as M&A boom continues February 17, 2022 City of London law firm Hogan Lovells has poached two of Linklaters’ M&A lawyers, as the surge in M&A activity continues. Anglo-American law firm Hogan Lovells, which has headquarters in London and Washington, D.C., said it has hired Peter Cohen-Millstein and Megan Ridley-Kaye to join its New York M&A practice, as it pushes forwards with [...]
Allianz sets aside €3.7bn to pay for collapsed fund lawsuits, following talks with US authorities February 17, 2022 German insurer and asset manager Allianz has set aside €3.7bn (£3.1bn) to settle lawsuits arising from the collapse of its Structured Alpha funds, following talks with US authorities. Allianz, the world’s largest insurance company, said it had set aside €3.7bn in “anticipation of settlements with major investors.” The comments come after the US Department of [...]
Barrister fined £500 for calling female lawyer ‘hysterical woman’ February 17, 2022 A 66-year-old barrister has been fined £500 after calling a female lawyer an “hysterical woman” at Worthing County Court. London lawyer Feliks Kwiatkowski was fined after he said a witness statement – that had been drafted and signed by a female lawyer – was the work of an “hysterical woman”. After being challenged over his [...]