£150,000 salaries are “out-of-control” and will see lawyers burn out before they hit 30, top in-house lawyer says January 25, 2022 One of Britain’s most prominent in-house lawyers has said the “eye-watering sums” being paid out to newly qualified lawyers have gotten “out-of-control,” whilst claiming that solicitors on £150,000 salaries will burn out “before they hit 30.” The comments come after New York headquartered law firm Milbank last week upped the stakes in the battle for [...]
City Moves: Who’s switching jobs in the Square Mile today? January 25, 2022 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. Baton Systems Fintech firmBaton Systems has hired a Barclays Investment Bank veteran as its first-ever chief operating officer (COO), who will help scale the business. David Ornstein, who departed the London-based bank after 13 years, has also held roles [...]
As the City readies itself for the future, firms rethink their office downsize January 25, 2022 Moments after Boris Johnson announced the end of Plan B Covid-19 restrictions the order went out to civil servants to lead by example – and head back to the office. The edict will have reflected a desire to get people back into the capital and breathe new life into the economy, not least the hospitality [...]
Milbank ups stakes in battle for talent with $215,000 salaries for newly qualified lawyers January 23, 2022 New York headquartered law firm Milbank is set to pay its newly qualified (NQ) associates $215,000 (£160,000), as the battle for fresh legal talent rages on into 2022. According to a memo seen by City A.M. newly qualified lawyers in Milbank’s London, Sao Paulo, US and Asia offices will receive a $10,000 pay boost [...]
Conservative Party infighting heats up as rebel Tory MPs mull publishing secret recording and ‘blackmail’ text messages January 21, 2022 Rebel Tory MPs are reportedly considering publishing a secret recording and text messages linked to allegations of “blackmail” from the Prime Minister’s supporters as infighting within the Conservative Party is intensifying. Boris Johnson insisted on Thursday he had “seen no evidence” to support the claim made by senior Conservative William Wragg that his critics were [...]
Stratford and Nine Elms enjoy rental market bounceback amid stock lows January 21, 2022 London areas to have enjoyed an especially strong post-pandemic comeback include Battersea/Nine Elms and Canary Wharf. Alongside Kensington, Stratford and the City of London, these areas have marked 7.5% average growth in rental prices. Growth from pre-pandemic levels has ranged from 5.8 per cent to 8.8 per cent, according to research from JLL. The research [...]
Biden’s new UK ambassador accused of being an ‘amateur diplomat’ January 20, 2022 President Joe Biden has been accused of appointing an “amateur” as his ambassador to the UK by a former diplomat. Former ambassador to France and Monaco under the Obama administration, Jane Hartley was last night announced as London’s new ambassador, who will take up a Georgian-style mansion in Regent’s Park during the role. Hartley, 71, [...]
Christmas sales at Revolution Bars dip as sector welcomes end of Omicron measures January 20, 2022 Revolution Bar Group has posted its disappointing like-for-like sales over the Christmas trading period, when fresh Covid measures hindered pub bosses’ hopes. Like-for-like sales sales for the six week period ending 1 January were down -23 per cent in comparison to the last Christmas before the pandemic struck. Office parties were cancelled in waves as [...]
And they’re off! The Tory party looks for alternatives amid Johnson struggles January 20, 2022 ON Tuesday morning of this week, the furore surrounding Boris Johnson’s attendance at a lockdown garden party in May 2020 appeared to be dying down in Westminster. The Prime Minister’s apology in the house had, it seemed, put judgment day on hold until the publication of the now infamous Cabinet Office report from Sue Gray. [...]
How did theme-park giant Merlin weather the pandemic? January 20, 2022 This article first appeared in ICAS’ CA magazine. Diligence, resilience and diversity are the holy trinity when faced with a global crisis. Robert Galbraith CA, Head of Finance at Merlin Entertainments Japan, tells Nick Scott how the theme-park giant weathered the storm to get hearts racing again Read December/January’s CA magazine now “And he read Principles [...]