Horizon scandal: MPs back sub-postmasters to get ‘full, fair and final compensation’ February 17, 2022 MPs have come out in support of the victims of the Post Office Horizon scandal, calling for full compensation for the sub-postmasters affected.
UK government appoints four new directors to FRC in shakeup of audit regulator February 8, 2022 The UK government has put four new directors on the board of the Financial Reporting Council (FRC), amid a shakeup of the UK’s audit regulator. The appointments come after former Rio Tinto chairman Sir Jan du Plessis – the government’s pick to head the Financial Reporting Council (FRC) – said the watchdog is in a [...]
Goldman, Citi, KPMG and PwC lead office return as workers flock back into the City January 21, 2022 The City of London’s major banks, accountants, law firms, and insurers have called on staff to return offices, after the government scrapped its work-from-home guidance. Major players including PwC, KPMG, Slaughter and May, and Aviva, told City A.M that they have called on staff to come back in. Major banks and financiers including Goldman, Citi, [...]
Over 90 per cent City law firms grew profit pools despite pandemic setbacks December 13, 2021 Over 80 per cent of City law firms have also outperformed their expectations for the year, as the legal sector emerges stronger after a year interrupted by lockdowns and restrictions, according to a new report. The majority of City firms, at 91 per cent, enjoyed an increase in their profit pool and saw aggregate revenue [...]
Biggest UK law firms pocket almost £30bn revenue as sector grows December 9, 2021 Revenue of the 100 biggest UK law firms grew by four per cent to £28.8bn in 2021, according to a new report by a professional body for financial and professional services. The news comes as City law firms battle it out in a bidding war for junior lawyers. Last week ‘silver circle’ law firm Herbert [...]
City law pay war: Herbert Smith Freehills throws £105k at junior lawyers December 3, 2021 The ‘silver circle’ law firm has waded into the ongoing bidding battle for junior lawyers in the City by raising newly qualified lawyer salaries to £105,000, according to reports. Although their current “total compensation package” is £107,000, this includes both base salary and their bonus. But with the new announcement, Herbert Smith Freehills (HSF) lawyers [...]
Browne Jacobson and KPMG top workplace social mobility index November 24, 2021 Law firms and consultancies are leading the way in driving social mobility in the workplace, according to the latest national Employer Index by the Social Mobility Foundation (SMF). Law firm Browne Jacobson LLP scored first place in the ranking of the top 75 organisations, followed by consulting giant KPMG and law firm Herbert Smith Freehills [...]
Lib Dem leader Ed Davey leaves Herbert Smith Freehills consultant role November 17, 2021 Sir Ed Davey, the leader of the Liberal Democrats, has stepped down from a consultancy role at law firm Herbert Smith Freehills following the Prime Minister’s proposal of a ban on MPs holding paid consultancy roles, according to reports. A spokesperson for the Liberal Democrats party confirmed yesterday that Davey had resigned from two advisory [...]
Membership group launches to support implementation of CBDC October 14, 2021 A new membership body supporting the rollout of the UK's CBDC (central bank digital currency) launches in London today.
Taxman owed millions following Greensill collapse May 9, 2021 The taxman is owed millions of pounds following the collapse of scandal-hit finance firm Greensill Capital. Documents from administrator Grant Thornton show that HM Revenue & Customs is among more than 200 creditors out of pocket since the company’s collapse in March. It is owed $8m (£5.7m), the Sunday Times reported. In total Greensill owes [...]