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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 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 [...]
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 [...]
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 [...]
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 [...]
JPMorgan Chase & Co and Goldman Sachs may reward investment bankers by increasing bonus pools by as much as 50 per cent, following a boom in deal-making this year. Following recent meetings to discuss and set pay for the year JPMorgan is considering upping the bonus pool by 40 per cent while Goldman Sachs is mulling [...]
Businesses led by females on average received a staggering 96 per cent less funding than their male counterparts this year despite growing pressure for gender parity, according to new data. The study of the highest funded female and male businesses in the UK in 2021 revealed a vast gap in funding between companies led by [...]
People confined to quarantine hotels in England have been allowed to leave this afternoon, on the condition of a negative Covid test, after the UK government removed all 11 countries from its travel red list yesterday, according to widespread reports. In a letter from the Department for Health, hotel guests were told they would be [...]
Toyota Motor has already set a new year resolution – starting with building 800,000 vehicles globally in the first month of 2022 – a record for the month. The company wants to increase its output of vehicles by 60,000 compared to January 2021 in a bid to compensate for some of the slowdown in production [...]
Zurich Insurance has retaliated in a London court against a claim by bakery chain Greggs for between £50m to £100m in payouts for Covid-19 related losses, according to reports. The insurance giant told the court that its business interruption cover went up to £2.5m for a single event, according to Legal 360, which first reported [...]
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