Lloyd’s of London weighs up leaving iconic headquarters January 19, 2022 Lloyd’s of London is considering leaving its iconic headquarters as it seeks out ways to adapt to shifts in working habits brought about by digitalisation of its business and Covid-19. In an email to City AM, a Lloyd’s of London spokesperson said: “As we adapt to new structures and flexible ways of working, we are [...]
Ex-KPMG partner blames junior colleagues for fabricated documents January 18, 2022 A former partner at KPMG, who led the audit of Carillion, has blamed junior colleagues for fabricating documents given to the Financial Reporting Council (FRC), during an industry tribunal into claims that papers were forged to deceive the industry regulator. Former KPMG partner, Peter Meehan, who left the KPMG on “agreement” in January 2021 after [...]
Government doubles Magistrates’ sentencing powers to cut Crown Court backlog January 18, 2022 Magistrates will be given new powers to jail people for up to a year, therefore doubling magistrates sentencing powers, in a bid to reduce the backlog faced by Crown Courts. Under current rules, magistrates have the power to hand down six-month jail sentences, meaning any cases that warrant a longer sentence must be passed [...]
The University of Law offers jobless grads a refund January 18, 2022 Britain’s biggest law school has said it will give graduates their money back if they fail to get a job. The University of Law said it will give its former students a 50 per cent cash refund and 50 per cent credit towards the fees of another course, if they do not get a job [...]
Criminal barristers threaten nationwide strike if government fails to up their pay January 18, 2022 Criminal barristers have said they will go on strike if the government does not substantially increase their pay. In a survey put out by the Criminal Bar Association (CBA), 96.5 per cent of criminal barristers said they favour taking strike action if the Government does not agree “to a substantial increase in criminal legal [...]
EU regulators dish out record €1.1bn in fines for GDPR breaches in 2021 January 18, 2022 The total value of fines dished out by EU authorities for breaches of GDPR has risen to record highs of almost €1.1bn (£0.9bn), after jumping sevenfold between 2020 and 2021. EU authorities dished out a record €1.087bn worth of fines last year – a sevenfold increase on the € 158.5m worth of fines handed out [...]
‘PwC has questions to answers’: analyst firm warned years ago about audit failures at Babcock January 17, 2022 Audit giant PwC ignored warnings over irregularities in the accounts of British defence contractor Babcock International for years, even after they were flagged by analysts, according to sources speaking to City AM. In an email to this paper, analyst firm Boatman Capital Research said: “The Boatman and others were warning about accounting issues at Babcock from 2018 [...]
Criminal barristers consider strike over government’s legal aid deal January 17, 2022 Criminal barristers are considering taking strike action, after claiming government plans to inject £35m per year into the criminal justice system would not be enough to “ensure the long-term viability of the Criminal Bar.” Last week, the Criminal Bar Association (CBA) asked its 2,600 members to vote on the prospect of launching a strike, [...]
Best and the brightest welcome? Home Office tells Canary Wharf couple to move to China January 17, 2022 The Home Office has told a British Canary Wharf computer expert that he should move to China and live with his PhD-studying girlfriend’s family in Shanghai, after rejecting her visa application. Robert Evans, 30, from Aberdeen met his girlfriend, Lisa Li, 31, from Shanghai, whilst studying for a master’s degree in computer science in the [...]
JP Morgan looking to poach Big Four accountants after relaunching recruitment scheme January 14, 2022 JP Morgan has relaunched a scheme to poach newly qualified accountants from Big Four firms, in a sign that demand for junior bankers will remain high throughout 2022. The investment bank last week reoponed its recruitment scheme through which newly qualified accountants working in Big Four accountancy firm can become analysts within JP Morgan’s investment [...]
