Clyde&Co, Fieldfisher, and Squire Patton Boggs boost lawyers salaries in battle for fresh blood January 21, 2022 Law firms are continuing the competition for new talent by upping trainee salaries, with Clyde & Co, Fieldfisher, and Squire Patton Boggs the latest firms to join the fray. US law firm Squire Patton Boggs told City A.M. that it had raised its trainee lawyers’ salaries by 27 per cent. In an email to City [...]
Ex-City law firm accountant jailed for stealing £400,000 from Clyde & Co April 19, 2021 A former Clyde & Co accountant has been banned from working in the legal profession after she stole £400,000 from the firm over the course of six years. Victoria Lucy Brown was convicted of one count of fraud by false representation at Guildford Crown Court in October 2019, having pleaded guilty to the offence. She [...]
Clyde and Co preps arbitration claims against Switzerland for Credit Suisse bondholders March 25, 2024 Now, one year on, Clyde and Co is set to get in on the action. It has laid out plans to hold the Swiss state "accountable for breaching its international investment agreements" after it wrote the bonds down to zero.
What lies ahead for the insurance industry in 2024? December 24, 2023 The insurance industry, like others, had a challenging 2023. But what could 2024 hold for the sector?
Insurance sector deal-making hits decade high but 2023 outlook remains shaky February 26, 2023 Insurance sector M&A deals surged to a 10-year high in 2022, as the end of Covid-19 drove an uptick in deal-making activity. Insurance companies completed 449 M&A deals last year, marking the highest number of deals for a decade, new data from Clyde & Co shows. The surge in deals, from 418 in 2021 to [...]
City Moves: Who’s switching jobs in the Square Mile? December 13, 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. Silbury Finance Oaktree Capital-backed lender Silbury Finance has appointed a founding director of property site Rightmove to lead its board. Board veteran Grenville Turner brings over 40 years of experience in the residential real estate and finance [...]
Dentons accused of anti-money laundering failures when representing a ‘politically exposed’ client March 4, 2024 The largest law firm in the world, Dentons, is defending itself against allegations from the legal regulator that it breached anti-money laundering regulations when acting for a client. Starting on Monday, the law firm was at the Solicitors Disciplinary Tribunal (SDT) over allegations that the law firm failed when acting for a politically exposed person [...]
Aircraft lessor writes off $1.1bn loss as planes remain in Russia July 9, 2022 Aircraft leasing company SMBC has written off a $1.1bn loss as 34 of its planes remain stranded in Russia following the invasion of Ukraine. The Dublin-headquartered company, one of the biggest in the world, decided to expense the fleet’s value this financial year, as the war in Ukraine is expected to continue for some time [...]
PwC ups pay for newly-qualified lawyers to £90,000 a year July 21, 2022 Big Four accounting firm PwC has upped pay for newly qualified (NQ) lawyers working in its fast-expanding UK legal business to heights of £90,000 a year. The salary hikes will see PwC match the salaries offered by top ranking law firms including London law firm Mischon de Reya, and put it ahead of major firms [...]
AerCap sues AIG for $3.5bn over aircraft lost in Russia July 12, 2022 AerCap, the world’s largest aircraft lessor, has recently sued AIG and other insurers following a $3.5bn all-risk claim filed in March over aircraft lost in Russia. The company argued in the UK’s High Court that insurers owed AerCap the amount as part of the “all risk” insurance policy it adopted. According to the Dublin-based company, [...]