Bain, McKinsey and BCG outgun Big Four with huge salaries and big bonuses January 28, 2022 The Big Three consulting firms – Bain, McKinsey, and Boston Consulting Group (BCG) – are now offering considerably higher salaries than the Big Four accounting firms – EY, PwC, KPMG, and Deloitte – new figures from Management Consulted show. A tight global labour market in 2021 and stiff competition among white collar firms has caused [...]
Coinme hires former FBI agent to keep up with ‘rapidly evolving’ regulation January 27, 2022 Cryptocurrency exchange Coinme has hired a former FBI special agent as its first in-house lawyer, in a bid to keep on top of the “rapidly evolving global regulatory landscape” facing the crypto industry. The Seattle-based crypto exchange said it had brought in veteran counter-fraud expert Tom Davis to serve as its first general counsel. Coinme [...]
UK government shakes up Universal Credit in bid to tackle labour shortages, as vacancies hit record highs January 27, 2022 The UK government has said that unemployed people will be expected to look for any sort of work, within weeks of first claiming Universal Credit, if they are unable to find a job in their previous occupation. In an effort to move half a million people into employment by the end of June, the government [...]
Office occupancy is up, as workers return to Central London offices January 27, 2022 Workers have started coming back into central London offices, according to new data from Infogrid, which shows the number of workers back in central London is up 42.7 per cent compared to last week. The figures, collected by Infogrid using sensors it has installed in its customers offices, show that office occupancy jumped 42.7 per [...]
Exclusive: UK must upskill workforce to prepare for digital-led world, tech leaders say January 27, 2022 Leading figures in Britain’s tech industry have said the UK urgently needs to upskill its workforce, to prepare UK workers for a digital first world. The comments come after new research from Salesforce showed that UK workers believe they lack the skills needed to operate in a “digital first” world, and that they lack the [...]
Battle for legal talent continues as even more law firms join the fray January 27, 2022 Major law firms DLA Piper, Duval & Stachenfeld, and Winston & Strawn have all decided to match Milbank in offering salaries of $215,000 (£160,500) a year. Chicago headquartered litigator Winston & Strawn yesterday said it would boost salaries paid out to its newly qualified associates by $10,000 a year, to match Milbank’s offer to new [...]
Quinn Emanuel opens office in Saudi Arabia in bid to capitalise on Vision 2030 January 27, 2022 Los Angeles headquartered law firm Quinn Emanuel Urquhart & Sullivan has struck a deal with Saudi Arabian law firm Alrubayyi & Attorneys to open an office in Saudi Arabia’s capital Riyadh. The deal will see prominent Saudi litigator, Nasser Alrubayyi, join Quinn Emanuel as a partner. The partnership comes as the Kingdom of Saudi Arabia [...]
Prince Andrew demands trial by jury in sexual assault case January 26, 2022 Prince Andrew has demanded a trial by jury in the Virginia Giuffre sexual assault case, according to his lawyers today. Giuffre is suing the Duke of York in a civil case in New York, in which she claims she was forced to have sex with him on three occasions when she was 17 years old. [...]
Magic Circle law firm Freshfields offers staff $60k worth of egg freezing, IVF, and surrogacy services January 26, 2022 Magic Circle law firm Freshfields Bruckhaus Deringer has said it will give each of its employees up to $60,000 (£44,430) worth of fertility clinic services, to cover the costs of egg and sperm freezing, in-vitro fertilization (IVF), and surrogacy. In a statement, Freshfields said it had partnered with fertility clinic Carrot Fertility, which offers a [...]
Tetrosyl seeks £1m in compensation from BDO over 9-month audit delay January 26, 2022 Rochdale-based car products manufacturer Tetrosyl is seeking more than £1m in compensation from Belgian accountancy firm BDO, over claims that BDO’s “inadequate” handling of its audit damaged Tetrosyl’s relationships with its contractors and led to Tetrosyl’s directors facing criminal proceedings from Companies House. In documents seen by The Times, Tetrosyl said BDO’s nine-month delay in [...]