Fish fight: Russian billionaire fails to keep $350m worldwide freezing order secret in dispute with former business partner September 19, 2018 Russian billionaire Vitaly Orlov has lost an attempt to keep a $350m (£270m) worldwide freezing order (WFO) against him secret amid an ongoing dispute with his former business partner over a stake in Russia's largest fishing company. Fellow billionaire Alexander Tugushev is locked in a dispute with Orlov over claims he refuses to recognise his one-third ownership of Norebo, [...]
The £1m club: 10 UK law firms pay their average partner more than £1m September 19, 2018 Ten UK-based law firms paid their partners an average of £1m or above last year as the sector boomed on the back of strong deal flow and continued regulatory uncertainty. Research published today by website Legal Week showed that the UK’s top 50 law firms grew average profit per equity partner (Pep) five per cent [...]
The £1m club: 10 UK law firms pay their average partner more than £1m September 19, 2018 Ten UK-based law firms paid their partners an average of £1m or above last year as the sector boomed on the back of strong deal flow and continued regulatory uncertainty. Research published today by website Legal Week showed that the UK’s top 50 law firms grew average profit per equity partner (Pep) five per cent [...]
Rosenblatt launches litigation fund post-stock market float September 18, 2018 City law firm Rosenblatt launched a £2m litigation fund today as it announced its maiden results to the stock market. The firm became just the fourth law firm to list on the London Stock Exchange when it raised £43m from investors in May. Today it announced a subsidiary, Rosenblatt Litigation Funding, with £2m from the [...]
Rosenblatt launches litigation fund post-stock market float September 18, 2018 City law firm Rosenblatt launched a £2m litigation fund today as it announced its maiden results to the stock market. The firm became just the fourth law firm to list on the London Stock Exchange when it raised £43m from investors in May. Today it announced a subsidiary, Rosenblatt Litigation Funding, with £2m from the [...]
Hogan Lovells partner ordered to pay ex-nanny £18,000 after firing her while she was pregnant September 17, 2018 A top City lawyer has been ordered by a tribunal to pay £18,000 to his former nanny after firing her after she told his wife she was pregnant. Sylvain Dhennin, who is head of Anglo-American law firm Hogan Lovells’ European high-yield debt practice, was ordered to make the payment by the London Central Employment Tribunal. [...]
Hogan Lovells partner ordered to pay ex-nanny £18,000 after firing her while she was pregnant September 17, 2018 A top City lawyer has been ordered by a tribunal to pay £18,000 to his former nanny after firing her after she told his wife she was pregnant. Sylvain Dhennin, who is head of Anglo-American law firm Hogan Lovells’ European high-yield debt practice, was ordered to make the payment by the London Central Employment Tribunal. [...]
PwC UK chairman resists calls for Big Four breakup as firm posts record revenues September 17, 2018 The chairman of PricewaterhouseCoopers UK said the Big Four accountant has learnt from its mistakes and improved processes, after it raised revenues despite settling two regulatory investigations in the past year. Kevin Ellis, PwC’s UK chairman and senior partner, told City A.M. he stands by the company’s opposition to breaking up the Big Four accountancy firms, [...]
PwC UK chairman resists calls for Big Four breakup as firm posts record revenues September 17, 2018 The chairman of PricewaterhouseCoopers UK said the Big Four accountant has learnt from its mistakes and improved processes, after it raised revenues despite settling two regulatory investigations in the past year. Kevin Ellis, PwC’s UK chairman and senior partner, told City A.M. he stands by the company’s opposition to breaking up the Big Four accountancy firms, [...]
Serious Fraud Office increasingly asking firms to hand over data without court approval September 17, 2018 Big businesses are increasingly being asked to hand over information for investigations to the Serious Fraud Office (SFO) without the government agency going through the courts for approval, according to a report out today. International law firm Pinsent Masons said the number of 'Section 2' notices issued by the SFO has more than doubled in the past [...]