Brexit gives the UK a chance to rethink energy policy, but business must stay at the forefront of negotiations June 27, 2017 Britain should use Brexit as an opportunity to rethink some aspects of its long-term energy policy, a new report suggests. A report by law firm Herbert Smith Freehills and consulting firms Boston Consulting Group and Global Counsel suggests the status quo of remaining in the EU’s internal energy market is “highly unlikely”, and it considers [...]
Numis reigns victorious as it steals the crown of top City stockbroker from JP Morgan Cazenove September 4, 2017 JP Morgan Cazenove has lots its top spot as the City’s most popular stockbroker, as Numis Securities has crept ahead to take the largest number of stock market clients. With 189 clients to Numis’s 195, this is the first time that JP Morgan Cazenove has ever lost its crown since Adviser Rankings began collecting data [...]
Three years in a row for progress at Herbert Smith Freehills, with both revenues and profits up July 5, 2016 The joint chief execs of law firm Herbert Smith Freehills today praised the firm's third year in a row of progress, as it revealed a boost to revenues and profits in its provisional results. The figures The firm reported revenues for the year to April of £870m, up seven per cent compared with the prior year's £815m. Profits [...]
Financial and professional services industry contributes £176bn to the UK economy April 25, 2017 Financial and related professional services workers contribute 1.5 times more to the economy than the average UK employee, a new report today reveals. Financial services employees contribute £79,500 gross value added (GVA), above the average of £52,000 across other sectors. A report from TheCityUK today also reveals that the industry makes up 10.7 per cent [...]
Personality clashes and the poisoned client: The inside story of Bell Pottinger’s collapse September 25, 2017 From the outside, the demise of iconic public relations firm Bell Pottinger appeared to unfold at a dramatic and surprising pace. On Monday 4 September, the company published the findings of a report by lawyers Herbert Smith Freehills (HSF) concluding that the firm’s campaign for the Gupta family’s Oakbay Capital in South Africa “was potentially [...]
Lord mayor Dr Andrew Parmley launches 2017 City-wide mental health campaign to reduce stigma in the workplace February 7, 2017 Lord mayor Dr Andrew Parmley is today launching a 2017 City-wide mental health campaign aiming to dispel myths surrounding mental health in the workplace. The lord mayor of the City of London kicks off This is Me – in the City at Deutsche Bank – an initiative led by the Lord Mayor's Appeal charity to reduce the stigma [...]
Chemring parachutes in the man who turned around Avon Rubber as its new finance chief December 13, 2016 Military manufacturer Chemring has secured the services of a permanent finance chief, snatching Andrew Lewis from small-cap engineer Avon Rubber. Lewis will replace interim finance director Andrew Davies, who was babysitting the vacancy left following Steve Bowers' departure this summer to take over the finance reigns at Australian law firm Herbert Smith Freehills. Read more: Fall in [...]
Advisers on London Stock Exchange-Deutsche Boerse deal could rake in up to £305m February 7, 2017 The London Stock Exchange and Deutsche Boerse could pay up to £305m between them to bankers, lawyers, accountants and PRs working on their merger. The top-end estimate was revised up today from £234m in light of an extended probe by the European Commission into the deal. Credit Suisse analysts noted today: We believe merger related [...]
Ranked: City law firms with the most staff fleeing to Ireland after the Brexit vote December 6, 2016 It's been revealed there was a huge jump in the number of English solicitors registering to work in Ireland after the Brexit vote – the figure jumped more than 10 times between 2015 and 2016. Yes, according to figures released last night by the Law Society of Ireland, the number of English solicitors registering to [...]
City Moves for 17 January 2017 | Who’s switching jobs January 17, 2017 Eversheds Frank Thompson has joined Eversheds' London insurance team. Frank has over 15 years of legal experience focusing on insurance coverage disputes and non-contentious coverage advice and has been ranked as a leading individual by Chambers and Partners for several years. Frank joins the firm as a lateral hire from K&L Gates where he earned recognition [...]