Jones Day ups pay for new lawyers to £140,000 a year August 11, 2022 US law firm Jones Day is set to give its newly-qualified (NQ) lawyers 27 per cent pay rises in upping their annual salaries to heights of £140,000 a year. NQ lawyers working in Jones Day’s London offices will see their salaries surge beyond those paid out to those in the Magic Circle in seeing their [...]
Three in four Brits want hybrid work to cope with cost of living crisis August 10, 2022 Three in four British workers want hybrid work to cope with the cost of living crisis gripping the country. Employees want their employers to offer flexible hybrid working as inflation surges to record levels of 9.4 per cent in the country, a survey by hiring software company Greenhouse found today. As the cost of essentials [...]
Workers on UK government’s DBS contract to strike after rejecting pay deal August 2, 2022 Workers at the outsourcing company that runs the call centres for the UK government’s criminal record checking services today set out plans to strike over pay and working conditions. The action is set to see 80 members of the Public and Commercial Services Union (PCS) launch a six-day strike against government contractor Hinduja Global Solutions [...]
UK small businesses scrap hiring plans in face of mounting economic uncertainty August 2, 2022 The proportion of UK small businesses seeking to expand their headcounts has plummeted over the previous quarter, according to new figures from the Association of Chartered Certified Accountants (ACCA). Just 12 per cent of UK small and medium enterprises (SME’s) are currently looking recruit new staff, compared to 37 per cent in March, figures from [...]
HMRC suspects big firms are underpaying £1.4bn due to workers’ false ‘self-employed’ classification August 1, 2022 The taxman suspects big firms are underpaying tax to the tune of £1.4bn, by classifying workers as ‘self-employed’ when they’re actually full staff. Leading law firm Pinsent Masons claims HMRC (HM Revenue & Customs) suspects companies are classifying staff as self-employed to avoid making Employers’ National Insurance contributions. HMRC has been clamping down on the [...]
Searches for overseas jobs by Brits surge with Dubai most popular destination August 1, 2022 Searches for work abroad have surged among UK workers with Dubai the most sought-after destination. Over the last 12 months, searches for overseas work by British workers soared by 56 per cent, according to data by overseas job website Anywork Anywhere, which analysed Google search data over the past year. Dubai was the most popular [...]
‘The Great Resignation could be followed by a Great Redundancy,’ DWF chief says July 29, 2022 A downturn in the legal market could see widespread layoffs in the City’s top-ranking law firms, the head of London listed law firm DWF told City A.M. The lawyers that jumped ship in “big numbers” in pursuit of six-figure salaries in London’s most prestigious firms could soon be laid off, as the top firms make [...]
Cost of living crisis prompts almost a third of UK workers to take second job July 28, 2022 Nearly third of workers in the UK are seeking to work two jobs to support themselves as the cost of living crisis sends prices of essentials soaring. 32 per cent of workers are aiming to take on a second job in addition to their current job to make more money, a national survey of 2000 [...]
Staff left in the dark leads to ‘unengaged employees’ as half of all Brits want new job, warns Aspire chief July 28, 2022 Almost two thirds businesses have not communicated with their staff about the Russian invasion of Ukraine, according to research shared with City A.M. today. While a third of businesses have spoken to their employees about the invasion of Ukraine, almost half of these businesses have not yet outlined their plans with regard to whether they [...]
Freshfields outstrips Magic Circle rivals with record partner payouts of more than £2m July 27, 2022 The sums paid out to partners at Freshfields Bruckhaus Deringer have surged to record highs of more than £2m, after the Magic Circle law firm’s revenues jumped 10 per cent year on year. The centuries old law firm saw its profits increase for the sixth year in a row, after revenues surged to heights of [...]