Audit watchdog pledges to focus on growth after reforms are shelved November 7, 2023 The audit watchdog has announced it will look to focus on promoting “growth and the UK’s competitiveness” after the government shelved a host of reforms that would have increased reporting requirements for London-listed companies.
In a chaotic economy, firms hold the balance of power over staff October 31, 2023 As British workers fear for their jobs, they are less likely to fight for their employers over remote work and other concerns, writes Emma Rohsler
RBG Holdings settles case with ousted CEO for half a million pounds October 30, 2023 RBG Holdings has settled a case with its former chief executive, Nicola Foulston, after she sued the law firm for wrongful dismissal.
Treasury Committee’s call for digital assets to be regulated same way as gambling industry is slammed by crypto leaders May 17, 2023 Crypto leaders in the UK have branded a government body’s calls for unbacked digital assets to be regulated in the same way as the gambling industry as 'an appalling backwards step'.
Top City firms pledge to hike contributions to employees’ pensions pots amid concerns over looming savings crunch March 21, 2023 A coalition of top City firms today vowed to boost the contributions they make into their employees’ pensions in response to growing concerns about the potential for a looming savings crunch. Aviva, Phoenix and Herbert Smith Freehills all pledged to give pensions contributions equivalent to at least seven per cent of their workers’ salaries in [...]
Top Hong Kong official to take over as FCA chair July 8, 2022 The Financial Conduct Authority has announced today that one of Hong Kong’s top financial officials will take over as chair of the watchdog next year.
Payday: City law firm hikes starting salary for junior lawyers to £120k July 2, 2022 Square Mile law firm Herbert Smith Freehills has boosted its starting salary for junior lawyers to £120,000, as the City pay battle wages on. The firm has hiked pay for junior lawyers by 24 per cent, in a bid to compete with other law firms also increasing staff pay. The increase comes as Bank of [...]
Mishcon de Reya hikes salaries for newly qualified lawyers to £90,000 a year May 19, 2022 London law firm Mishcon de Reya has given its newly qualified (NQ) lawyers an eight per cent pay rise, after upping their salaries from £83,000 to £90,000. The pay hike leaves Mishcon lagging behind its Silver Circle rivals, including Ashurst and Herbert Smith Freehills, who both pay NQs salaries of £105,000 a year In a [...]
PwC buys up Australia’s biggest tax advisor Greenwoods February 28, 2022 PwC has acquired Australia’s largest tax advisory firm, Greenwoods, as part of a deal which will see 15 Greenwoods partners and 50 Greenwoods staff join the Big Four accountancy firm. PwC said it had acquired specialist tax advisory firm Greenwoods & Herbert Smith Freehills, an affiliate of Silver Circle law firm Herbert Smith Freehills. The [...]
Law firms match investment banks in handing out UK’s highest graduate salaries February 21, 2022 The City of London’s law firms are now the UK’s highest paying graduate employers, according to new figures from High Fliers, which show UK law firms have now matched investment banks in offering graduates average salaries of £50,000 a year. The graduate salaries paid out by Britain’s major law firms are now on par with [...]