Ex-husband of Formula One heiress accused of taking part in £266m money laundering scheme May 5, 2022 The former husband of Formula One heiress Petra Ecclestone’s played a leading role in a £266m money laundering scheme, a court has been told. Socialite James Stunt took a “a very hands-on approach” to running the operation, which saw millions in used noted deposited into the NatWest account of Bradford gold dealer Fowler Oldfield, prosecuters [...]
Swiss blockchain developer sues Meta over infinity logo trademark dispute May 4, 2022 A Swiss blockchain developer has filed a trademark infringement lawsuit against Facebook owner Meta, over claims the tech giant’s infinity logo bares too many similarities to its own infinity insignia. Swiss non-profit Dfinity filed a lawsuit in a California court, after claiming it would be “severely harmed” by being linked in any way to Meta’s [...]
KPMG to double size of UK legal practice as part of ‘once-in-a-generation’ growth strategy May 4, 2022 Big Four accountancy firm KPMG is set to double the size of its UK legal practice over the next three years, as it pushes forwards with plans for its “once-in-a-generation” growth strategy. The plan is set to see KPMG hire 220 new lawyers – including 45 new partners and directors – by the end [...]
PwC extends summer working hours policy following success of pilot scheme last year May 4, 2022 Big Four accountancy firm PwC has said it is extending its “summer working hours” programme to June, following the success of the pilot scheme last year. The firm said it will let staff to leave at lunchtime on Fridays for the months of June, July and August of this year. The plan comes after PwC [...]
‘I made the decision that I would face prison’ – jailed solicitor Sophie Khan tells all in exclusive interview with City A.M. May 3, 2022 At the start of this year, human rights lawyer Sophie Khan was jailed, after refusing to hand over documents to the independent watchdog that regulates solicitors. A High Court judge sentenced the solicitor to six months in prison, for refusing to comply with two separate court orders calling on her to give over clients’ files. [...]
Ex-Irwin Mitchell lawyer jailed for researching defendant while serving on jury May 3, 2022 An ex-Irwin Mitchell solicitor has been jailed for causing the collapse of an historic child abuse trial after she admitted researching the defendant online whilst serving on the jury. Veteran lawyer Caroline Elizabeth Mitchell was sentenced to two months in prison after pleading guilty to telling fellow jury members about research she had done online, [...]
Grant Thornton strikes deal to offer crypto-recovery services May 3, 2022 Accountancy firm Grant Thornton has joined forces with a trio of other firms with a view to offering crypto recovery services. The accountancy firm struck a deal with two London law firms and a New York investment manager, to help clients recover stolen crypto assets. The deal comes on the back of a sharp rise [...]
Credit Suisse sued over links with Russian oligarchs May 3, 2022 New York law firm Pomerantz has filed a class action lawsuit against Credit Suisse, over claims the Swiss bank misled investors as to its dealings with Russian oligarchs. The lawsuit comes after shares in Credit Suisse dropped 2.58 per cent on 28 March, in response to reports claiming the investment bank has carried out extensive [...]
Exclusive: Half of Londoners aged 75+ wish they were better prepared for retirement May 1, 2022 Almost half (49 per cent) of all Londoners aged 75 and older wish they had been better financially prepared for their retirement, according to new figures shared exclusively with City A.M. At the same time, 45 per cent of Londoners between the ages of 45 and 65 do not have a clear idea as to [...]
London firm lets lawyers work-from-home in return for 20 per cent pay cut April 30, 2022 London law firm Stephenson Harwood has given its staff the option to work from home as often as they like, in return for a 20 per cent pay cut. The law firm’s new remote working policy says employees must come in at least three days a week, unless they are willing to see their salaries [...]