PwC boss warns ‘negativity’ about audit industry will put off new recruits December 29, 2021 The UK head of PwC has warned that continued criticism by politicians and industry watchdogs will damage the audit sector, according to reports. Kevin Ellis, UK chair and senior partner at PwC, said the reputational harm would make it harder to attract and retain auditors, making it more likely for the audit giant to look [...]
London Mayor Sadiq Khan pumps additional £50m into fighting crime as knife and gun incidents across capital start to fall December 29, 2021 The Mayor of London, Sadiq Khan, announced this morning an additional £50m will be reserved to tackle crime across the capital. The investment, which will run over the next three years, will fund grassroots crime prevention projects across the city and promote positive opportunities for Londoners in every borough in the capital through the London Crime Prevention Fund, [...]
Deloitte faces lawsuit by former employee over harassment claims December 29, 2021 An ex-Deloitte female has sued the Big Four firm over allegations that her former employer did not protect her from harassment perpetrated by a male partner and its investigation into the incident was corrupt, according to reports. In court documents seen by the Financial Times, which first reported the news, Katrina Jones called the behaviour [...]
HMRC did not issue a single Accelerated Payment Notice last year in sign controversial tax campaign may be waning December 29, 2021 HMRC’s controversial Accelerated Payment Notice campaign may be waning, according to new data. HMRC did not issue any Accelerated Payment Notices (APNS) last year, making it the first year none have been issued since they were introduced in 2014 as part of HMRC’s crack down on the use of tax avoidance schemes, according to research [...]
Sports law year in review 2021: Were our predictions right? December 26, 2021 In December 2020, while others may have been preparing for muted New Year’s Eve celebrations in light of the new coronavirus variant, we were busy making sports law predictions for the year ahead for City A.M. In summary, we predicted a rise in data-related disputes on the back of Project Red Card, the further growth [...]
Weil Gotshal & Manges legal trainees are highest paid in the City after salary hike December 23, 2021 Law firm Weil Gotshal & Manges have raised pay for trainees making them the highest paid in the City, according to reports. First year trainees will earn £60,000, up 20 per cent from £50,000 and second years will now take home £65,000, an 18 per cent rise from £55,000, according to Legal Cheek, which first [...]
US law firm lets lawyers work from home indefinitely December 22, 2021 US law firm Quinn Emanuel have told lawyers they can “work from anywhere” indefinitely, according to reports. The announcement comes as competition among US law firms, to recruit and retain talent, intensifies. While the battle for talent has so far led to a bidding war with lucrative salary hikes, flexible working arrangements appear to be [...]
Court orders ex-chairman of Kazakh paper company to return £120m worth of cash and luxury London properties December 22, 2021 A Kazakh paper and cardboard manufacturer has won a London court order against its former chairman to return £122m, including four luxury London properties worth £50m, in damages following fraud. Yesterday a judgement was reached in the long standing case, between Kazakhstan Kagazy Group and its former chairman Maksat Arip. The Group has been trying [...]
Government’s proposal for independent insolvencies regulator draws criticism from sector December 21, 2021 Insolvency and restructuring trade body R3 have warned of a major conflict of interest issue brought by the government’s proposals to shake up the insolvencies industry with a new independent regulator. The government want to introduce a single regulator, which would sit within government agency Insolvency Service, to oversee the UK insolvency sector. The reforms [...]
Insurer Hiscox names new group chief financial officer December 21, 2021 International insurer Hiscox Ltd has announced former EY partner and industry expert Paul Cooper as its new group chief financial officer. A qualified chartered accountant who trained with PwC, Cooper is currently the interim group chief financial officer of M&G Plc, a FTSE 100 asset manager and life insurer. Cooper will be rewarded with a [...]