Sanctions will force consultancies to drop Russian clients, consultancy trade body says March 2, 2022 The trade body for management consultancies has said the UK government’s sanctions on Russia and Belarus will “inevitably” mean some consultancies will be forced to cut links with some of their clients. In a statement, Tamzen Isacsson, Chief Executive of the Management Consultancies Association (MCA), said: “Our firms are strictly abiding by the updated changes [...]
Conservative MP Bob Seely names and shames ‘amoral’ lawyers working for ‘Putin’s henchmen’ March 2, 2022 Conservative MP Bob Seely has spoken out against the UK lawyers working on behalf of Russian oligarchs, after accusing them of teaming up with Putin’s henchman to silence the British press. The MP for the Isle of Wight said the UK’s legal system had become “corrupted” by money from kleptocrats, as he accused lawyers of [...]
UK private schools told not to accept fee payments from Russia March 1, 2022 The group that represents Britain’s private schools has told its members not to take fees from Russia. The Independent Schools Council (ISC), a lobby group that acts on behalf of more than 1,300 private schools, warned its members that they may face legal issues if they accept payments from any individual or entity that has [...]
Slater & Gordon cuts divorce fees in half ahead of new laws allowing for ‘no-fault divorce’ March 1, 2022 Slater & Gordon has halved the price of getting a divorce, in preparation for the introduction of new laws allowing for “no fault divorce” next month. The law firm said it would cut fixed fees charged to those seeking a divorce from £1,020 to £540, plus court fees. The decision comes as the government [...]
Fried Frank poaches 35 of New York rival Cadwalader’s staff March 1, 2022 New York law firm Fried Frank has poached 35 professionals from its New York rival Cadwalader, Wickersham & Taft. Fried Frank is set to take on five partners from New York’s oldest law firm Cadwalader, Wickersham & Taft. In the coming weeks, 15 Cadwalader lawyers and a further 15 professional services employees will also join [...]
McKinsey and BCG face calls to cut ties with Russian businesses, after pledging to sever links with Putin government March 1, 2022 Consultancy giants McKinsey and Boston Consulting Group (BCG) are facing calls to further sever their links to Russia, after both firms said they would stop working with the Russian government. The calls come after the UK government called on City of London firms to cut ties with Putin’s regime. Consulting giant McKinsey is facing calls [...]
Law Society says it supports law firms working on behalf of Russian oligarchs March 1, 2022 The Law Society of England and Wales has come out in support of law firms acting on behalf of Russian oligarchs, as City of London law firms face pressure to cut ties with Russia, amid claims they are working on behalf of Vladimir Putin’s allies to block the UK government’s sanctions regime. The comments come [...]
Big Four auditors KPMG, EY, and PwC seek to distance themselves from Russia March 1, 2022 The Big Four auditors have sought to distance themselves from Russia, after the UK government told City of London companies not to work on behalf of the Putin regime. In a post on Linkedin, Jon Holt, chief executive of KPMG’s UK division, said KPMG will be “ending” some of its client relationships in order to [...]
Law firms Linklaters and Baker McKenzie consider cutting ties with Russia February 28, 2022 Magic Circle law firm Linklaters and Chicago law firm Baker McKenzie have said they are considering cutting links to Russia, as law firms face mounting pressure to sever any links with the Putin regime. In an email to City A.M. a Baker McKenzie spokesperson said the firm is currently reviewing its ties to Russia with [...]
Ex-Goldman Sachs banker Tim Leissner says he forged divorce documents twice following double bigamy allegations February 28, 2022 A former Goldman Sachs banker has admitted that he “photoshopped” divorce papers so that he could marry American model Kimora Lee Simmons, after being called a “double bigamist” during a trial of his former Goldman Sachs colleague Roger Ng over his role in the multi-billion-dollar 1MDB scandal. Tim Leissner, who admitted charges of bribery and [...]
