Claims against top City law firm Dechert ‘the stuff of conspiracy theories’ May 25, 2021 Allegations that a top City lawyer leaked confidential information about a Kazakh mining giant under investigation for alleged corruption are “the stuff of conspiracy theories”, the High Court has heard. Eurasian Natural Resources Corporation (ENRC) is suing its former lawyers and the Serious Fraud Office over an SFO investigation into claims of bribery, corruption and [...]
Listed law firm DWF announces two acquisitions as trading beats expectations May 25, 2021 City law firm DWF has resumed M&A activity, acquiring two businesses after a strong year of trading amid the pandemic. The listed firm this morning announced it had acquired compliance training business Zing 365 Holdings for £1.8m, as well as reaching an agreement to acquire BCA Claims & Consulting. DWF said completion of the £2.2m [...]
EY staff to work two days a week from home post pandemic May 24, 2021 EY has today confirmed that the majority of its staff will work from home for two days a week for good, the latest big business to eschew a return to the traditional office life. The Big Four firm’s 17,500 staff will spend three days a week in the office or at client sites, with the [...]
Serious Fraud Office encouraged ‘Machiavellian’ top City lawyer to leak client’s file, court told May 24, 2021 The Serious Fraud Office encouraged a “Machiavellian” top City lawyer to leak confidential information about his client while it was under investigation for alleged bribery, corruption and fraud, the High Court heard today. Eurasian Natural Resources Corporation (ENRC) is suing the SFO for alleged misfeasance in public office over an investigation into the Kazakh mining [...]
ENRC opens £70m claim against SFO and top law firm Dechert May 24, 2021 A multi million pound claim against a top City law firm and the Serious Fraud Office for an alleged breach of contract will be heard at the High Court today. Mining firm Eurasian Natural Resources Corporation (ENRC) is suing law firm Dechert and one of its former partners Neil Gerrard for an alleged breach of [...]
Exclusive: City commuters lives in Walton-on-Thames at risk as fourth Grenfell anniversary nears May 21, 2021 City commuters lives may be at risk nearly four years on from the Grenfell disaster after an official dossier uncovered a major housing association failing to carry out key remedial works. Official documents seen by City A.M. reveal that PA Housing Association in Walton-on-Thames, Surrey, a commuter hotbed for brokers, bankers and consultants, has so [...]
Has lockdown triggered a City brain-drain? May 20, 2021 The explosion in home-working due to lockdown is shifting the focus away from a London-centric view of careers, with regional firms benefiting from a growing desire to shun the commute. Lockdown is prompting a shift away from City jobs to opportunities at smaller, regional practices with talent-hungry boutique firms stretching to match Square Mile-level salary [...]
Morgan Stanley shakes up leadership as race for CEO successor intensifies May 20, 2021 Morgan Stanley announced a number of leadership changes and set off a competition between potential successors to replace Chief Executive Officer James Gorman in the next few years. In a statement Gorman said the announcement “reflects the next generation of leadership at Morgan Stanley.” “I am highly confident one of them will be the CEO in [...]
Begbies Traynor revises up earnings expectations May 20, 2021 Begbies Traynor has revised up its earnings expectations following a year of growth at the professional services firm that saw it make four acquisitions. In a market update today the company said revenue for its 2021 financial year was expected to be £83.7m, up from £70.5m in 2020. Adjusted profit before tax was revised up [...]
Harnessing the power of Gen Z May 20, 2021 | City Talk The first digital native generation now entering the workforce is being shaped by the unique world events they’ve lived through in their young lives – economic crises, the current climate change emergency, and of course Covid-19. Generation Z’s coming of age is happening during one of the most turbulent times in modern history. This presents [...]