Growth in revenues is good but it’s even better if you look more carefully, says KPMG boss December 16, 2016 KPMG said its annual results proved it had moved beyond simply being a Big Four beancounter as it joined competitors in smashing through the £2bn revenue barrier. The UK arm, based in Canary Wharf, is the last to announce its annual return, reporting performance for the 12 months to the end of September. EY's UK business reported revenues [...]
Eversheds seals the deal with US law firm Sutherland as partners vote “overwhelmingly” in favour of combination December 16, 2016 City lawyers at Eversheds moved closer to a tie-up with US firm Sutherland today, as partners from both firms voted "overwhelmingly" in favour of a combination. The firms announced that they were in merger talks at the end of November, and the consultation and voting process concluded today, with approval from both partnerships. The combined [...]
Recruitment outshines other sectors such as food and advertising in terms of economic contribution December 14, 2016 The UK’s recruitment industry is worth £35.1bn a year, a new report shows. The value of recruitment to the economy is at its highest ever level, up 9 per cent on last year, according to the Recruitment and Employment Confederation’s annual report. Of the 23,980 registered agencies in the country, 9,565 have a turnover of [...]
Disinherited daughter takes case all the way to the Supreme Court December 11, 2016 The Supreme Court will today hear an appeal in the case where an estranged daughter is challenging her deceased mother’s will, which left her estate to charity and disinherited her child. In the case of Ilott v Mitson, an estranged daughter, Heather Ilott, challenged her mother, Melita Jackson's, will after discovering it left her entire estate [...]
Central London take ups surge on the back of a number of large deals, CBRE finds December 11, 2016 Central London office take-up in November 2016 rose to 1m sq ft, representing a monthly increase of 118 per cent and bringing take-up in line with the 10-year monthly average, according to the latest figures from real estate consultants CBRE. Take-up in November 2016 was boosted by a number of large deals. A total of [...]
Government to consider widening the list of crimes companies could be held criminally responsible for December 8, 2016 Government could broaden the types of crimes companies can be held responsible for, the attorney general told MPs today. Answering questions on government's policy on corporate criminal liability, Jeremy Wright said government would soon be calling for evidence to look into further reform, and potentially whether it should widen the crimes companies could be found [...]
Scots are not claiming a Brexit veto, court hears December 7, 2016 The Scottish government is not claiming a veto over the UK leaving the European Union, the Supreme Court heard today. James Wolfe QC, the lord advocate for the Scottish government, told justices that Scotland’s consent still matters however because of the effect of withdrawal from the EU on its citizens. This evening MPs overwhelmingly backed a motion [...]
Fund manager Schroders gears up to appoint BAE Systems and Google Ventures heads as non-executive directors December 6, 2016 FTSE-100 listed asset manager Schroders will name Ian King, the chief executive of BAE Systems, and Avid Larizadeh Duggan, a Google Ventures partner, as non-executive directors this week. They could be officially appointed as soon as today, sources told Sky News. Read more: Schroders backs private equity firm's bosses as they fend off hostile bid The group [...]
Miller’s star QC centre stage at Supreme Court arguing June’s referendum does not give ministers power to enact Brexit December 6, 2016 Lord Pannick QC was centre stage yesterday at the Supreme Court, contesting the right of Prime Minister Theresa May to begin Brexit talks without Parliament's approval. Acting on behalf of investment manager Gina Miller – the driving force behind the legal challenge to the government’s right to trigger Article 50 without parliamentary approval – he [...]
Ranked: City law firms with the most staff fleeing to Ireland after the Brexit vote December 6, 2016 It's been revealed there was a huge jump in the number of English solicitors registering to work in Ireland after the Brexit vote – the figure jumped more than 10 times between 2015 and 2016. Yes, according to figures released last night by the Law Society of Ireland, the number of English solicitors registering to [...]