Russia-Ukraine: What will sanctions mean for UK businesses? February 3, 2022 Liz Truss this week warned Russia that the UK is now prepared to hit the Russian Federation with its “toughest sanctions regime” ever, as it seeks to deter the country from sending troops into Ukraine. “Nothing is off the table and there will be nowhere to hide,” the foreign secretary said. But as of yet, [...]
Privately-educated lawyers fill top ranks of UK’s corporate law firms, figures show February 3, 2022 Privately educated lawyers are much more likely to become partners in Britain’s biggest corporate law firms, than their state-educated counterparts, according to new figures from the Solicitors Regulation Authority (SRA). The figures show that one-third (33 per cent) of lawyers working in corporate law firms went to private school, compared to just 13 per cent [...]
Carillion’s liquidator seeks more than £1bn from KPMG over collapsed construction giant’s audit February 2, 2022 KPMG may be forced to pay more than £1bn in damages for its role in auditing collapsed construction giant Carillion. The Big Four firm has received a legal claim from the Official Receiver (OR) – a UK government officer responsible for managing Carillion’s liquidation – requesting the firm pays damages in excess of £1bn, Sky [...]
The rise of the crypto lawyer – Glaisyers strikes deal with specialist crypto firm February 2, 2022 Commercial law firm Glaisyers ETL has struck a deal with a Stockport based law firm that specializes in recovering stolen crypto assets, amid a rise in scams and fraud linked to cryptocurrencies. Glaisyers’ investment in Wealth Recovery Solicitors (WRS) has seen the specialist crypto law firm move from their former headquarters in Stockport to [...]
Ministry of Justice to move 2,000 jobs out of London by 2030 February 2, 2022 The Ministry of Justice (MoJ) is set to move 2,000 jobs out of London by 2030, by setting up seven new regional offices. The plan to open seven new offices in Leeds, Liverpool, Nottingham, South Tyneside, Cardiff, Ipswich and Brighton, comes as part of government plans to “level up” the country and tackle regional inequality. [...]
Hogan Lovells partner leaves firm to start up rival litigator – taking six of his colleagues with him February 2, 2022 A former Hogan Lovells partner, from the law firm’s Paris office, has poached six of his colleagues to start his own rival litigator. Former Hogan Lovells partner Julien Martinet has left the Anglo-American law firm to establish his own Paris-based company, Swift Litigation, according to Law.com. Martinet’s new team will also be taking Hogan Lovells’ [...]
Law firm partners prefer to work from the office while juniors favour working from home February 2, 2022 Most lawyers are in favour of a hybrid model of working, which would see workers come into their offices for at least one day a week, according to a poll from legal recruitment firm Major, Lindsey & Africa. Meanwhile only 10 per cent would prefer to work entirely remotely. However the figures revealed a split [...]
Paul Hastings joins battle for legal talent with £141,750 salaries for newly qualified lawyers February 2, 2022 Paul Hastings has thrown its hat into the battle for legal talent, after raising salaries paid out to newly qualified lawyers in its London offices to £141,750. The Los Angeles based law firm is set to hike salaries paid out to its newly qualified associates by 7 per cent, from £133,000 to £141,750, according to [...]
London plumber crushes Pimlico Plumbers in Supreme Court and wins landmark case over holiday pay February 2, 2022 A London plumber has won a key lawsuit in the Supreme Court over his workers’ rights as appeal judges ruled late yesterday afternoon he is entitled to back-dated holiday pay. Gary Smith, who had worked for Pimlico Plumbers between 2005 and 2011, went to court after a long-running dispute with the company over holiday pay. [...]
UK aims to become global legal services hub using newfound Brexit freedoms February 1, 2022 The government has set out plans to use new Brexit to become a global hub for legal services. In a document called “The benefits of Brexit: how the UK is taking advantage of leaving the EU,” the government argued that new freedoms under Brexit will allow the UK to become a global centre for dispute [...]