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 [...]
Moment of truth: Jury begins deliberations over whether Ghislaine Maxwell was dangerous predator for Jeffrey Epstein December 20, 2021 Whether Ghislaine Maxwell is a dangerous predator who recruited teenagers to be sexually abused by financier Jeffrey Epstein is currently being discussed by a jury in New York City. The jury received the case just before 10pm UK time after two prosecutors and a defence lawyer delivered their closing arguments over a six-hour period. Maxwell, [...]
Simmons & Simmons gift junior lawyers £100k salary December 20, 2021 City law firm Simmons & Simmons will boost pay for its newly qualified lawyers in London to £100,000, in a bid to retain junior lawyers being wooed by other firms with the promise of ever higher starting salaries. The rise marks a jump of £12,000 for newly qualified lawyers at the firm, who currently take [...]
KPMG halts referrals to its former restructuring unit in bid to recover from Silentnight scandal December 20, 2021 KPMG will no longer refer any work to its former insolvency unit, Interpath Advisory, in a bid to mend its reputation after the scandal over the sale of bed manufacturer Silentnight to a private equity firm, according to reports. The Big Four firm was fined £13m by the UK accounting watchdog earlier this year for [...]
Challenger accounting firm DSW shares rise 15 per cent in AIM debut December 16, 2021 Shares in DSW Capital rose 15 per cent today, following the professional services company’s debut on London AIM, marking a warm welcome to the market for the ‘Big Four’ challenger firm. After raising £5m in its initial public offering (IPO), DSW achieved a market capitalisation of £21.4m, based on a share price of 100p. Shares [...]
Linklaters changes pay structure to reward ‘exceptional’ partners as bidding war for talent rages on December 16, 2021 Linklaters plans to shift its traditional pay model for partners so “exceptional” individuals can be held on to with larger salaries. Senior partner Aedamar Comiskey confirmed in a statement that the move, which will apply globally, was backed by Linklaters’ 500 partners through a vote. The main changes include the ability to offer more money [...]
Clifford Chance names Charles Adam as first non-UK based global managing partner December 16, 2021 Law firm Clifford Chance will for the first time be headed up by a lawyer based outside the UK, after naming Milan-based Charles Adams as the magic circle firm’s new global managing partner. Dual qualified in Italy and England & Wales, Adams has acted as a regional managing partner for continental Europe since 2018. He [...]
Over 70 per cent of lawyers risk their mental health over work December 16, 2021 More than seven out of ten legal workers find that their job has a negative impact on their mental health and wellbeing, according to new research. A new report by the Legal Sector Workers United (LSWU), and reported by Legal Cheek, found that work was cited by almost 60 per cent of legal works as [...]
FRP Advisory posts lifted revenue while restructuring administration activity still ‘subdued’ December 16, 2021 Professional services firm FRP Advisory Group has announced soaring revenue in its half year results, pushing shares up on Thursday morning. However, the advisory service said the extension of government support for businesses over most of the the first half of 2022 had “resulted in restructuring administration activity remaining subdued.” The company’s operational markets had [...]
Businesses beware as 70 per cent Brits aren’t afraid of taking legal action December 16, 2021 Companies that break the law could find themselves facing more lawsuits from the great British public, as over 70 per cent said they would join a class action – many even against their own employer – according to a new study published today. The study, which polled members of the public on their perceptions of [...]