City Moves: Who’s switching jobs in the Square Mile today? October 13, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Riverstone Property developer Rivertsone has hired a new Chief Experience Officer who will help ensure a smooth experience for its over 65s residents in Kensington and Fulham. Greg Mace joins as the firm readies itself for new developments, [...]
Law firms offer wellbeing support to burnt out employees October 5, 2021 Law firms are expanding their wellbeing support for employees as overstretched companies compete for top talent. With the UK experiencing the best year for dealmaking activity since 2015 lawyers have been inundated with a flood of M&A litigation leading to long hours and poor sleep quality for staff. To try and stop fed-up lawyers from [...]
Vista Equity Partners and London-listed Blue Prism near £1bn buyout September 27, 2021 Private equity firm Vista Equity Partners is reportedly nearing an agreement with British automation software developer Blue Prism for a £1bn buyout. While it looks like smooth sailing for Vista, an investment firm with more than $81bn in assets under management, other suitors could emerge. Blue Prism’s shares slipped 2.27 per cent to 1,162p per [...]
Legal giant Ashurst: One in three of our new recruits will have ethnic minority background September 22, 2021 International law firm Ashurst has announced wide-ranging diversity targets for both its global and UK offices to reach in the next five years. The new targets expand the company’s focus areas to include more LGBTI+ representation, gender equality and ethnicity targets in the UK. In its UK offices, Ashurst aims for 35 per cent of [...]
Fertility benefits – for lawyers or for law firms? August 4, 2021 More law firms in the City are offering paid leave or paying towards the costs of fertility treatments for their employees in a bid to stay up to date, and keep their lawyers. Last week law firm Ashurst announced what it called “landmark” changes to its global parental leave policy. Alongside offering a reduction in [...]
City’s law firms navigate choppy pandemic seas with aplomb July 22, 2021 Despite the disruption caused by Covid-19, City law firms have continued to display strong financial results as senior partners head off on long-awaited summer breaks. Ashurst, currently advising Morrisons on a £6.3bn takeover, saw their revenue rise 10 per cent from £644 million to £711 million. Additionally, profit per equity partner rose 15 per cent [...]
Ashurst’s equity profit bounces back to £1m per partner July 21, 2021 London-based law firm Ashurst has seen their equity per partner profit total to more than £1m in the previous 12 months from April 30. After five consecutive years of revenue growth the company has seen a 15 per cent growth in their partner profit over the year. Revenue for the company was also up 10per [...]
Morrisons accepts £6.3bn takeover bid from SoftBank-backed Fortress July 3, 2021 Morrisons has accepted a £6.3bn takeover bid from a new group of funds led by affiliates of SoftBank-backed Fortress, the firm announced this morning. Morrisons shareholders will receive 254p a share, comprising 252p in cash and a 2p cash dividend. Read more: Top Morrisons investor says CD&R should up its bid to £6.5bn The group is [...]
Post-Brexit change: EU state aid rules to be replaced by new UK regime June 30, 2021 Post-Brexit change: EU state aid rules to be replaced by new UK regime
Dutch court rules that Shell must increase emissions reductions by 2030 May 26, 2021 A Dutch court has today ruled that oil giant Shell must reduce emissions by more than it had planned by 2030, in what could be a landmark ruling for the industry. Judges at a lower court in the Hague said that the Anglo-Dutch firm was legally obliged to cut greenhouse gas emissions by 45 per [...]