Bonus rules risk European exodus July 7, 2010 BANKERS warned of a talent exodus from Europe yesterday after lawmakers in Strasbourg voted to enforce the world’s toughest regime on bonuses in the wake of the financial crisis. A ruckus is brewing between institutions, who view the crackdown as a short-term populist manoeuvre, and European politicians, who argue lenders were guilty of “obscene” risk [...]
PANTHER BOSS ON A TRIP INTO NOSTALGIA April 26, 2010 ANDREW Perloff, the eccentric chairman of property firm Panther Securities, has something of a cult following among City investors due to his penchant for using company results statements as an excuse to reminisce at length about life’s little quirks. But yesterday’s final results announcement was a corker even by Perloff’s own standards, ranging from fervent [...]
WORLD CUP FOOTBALL FANTASY WINS THE HEARTS OF THE LADIES May 19, 2010 PUT A bunch of ladies in a room for a corporate networking event, and what’s the last topic you’d choose to centre the discussion on? Football? So when The Capitalist rocked up yesterday at the swanky Mayfair hotel for a “Ladies’ Day” organised by law firm Crowell & Moring, it was surprising, to say the [...]
A gritty tale of love and intrigue in 1930s London March 17, 2010 AT THE CHIME OF A CITY CLOCK BY DJ TAYLOR Constable, £12.99 by Zoe Strimpel “If he had looked back, he would have seen her walk off not in the direction of the bus stop but away east towards Barnsbury. Only he didn’t look back. He hurried on, thinking of the office in Finsbury Pavement, [...]
Doing the right thing: lawyers may be called upon to do more free work February 15, 2010 HOW about a Robin Hood tax for lawyers? This, or something rather like it, is one of the more provocative ideas being floated by human rights lawyer Sir Geoffrey Bindman in a new collection of essays entitled Closing the Justice Gap: Some New Thinking about an Old Problem. Bindman makes the case for a levy [...]
An oath can’t make lawyers more honest January 25, 2010 BIG changes are afoot in the legal world, not least those arising from the reforms which the profession is going to see under the Legal Services Act. This will include the introduction of so-called Tesco Law, which will see non-lawyers increasingly involved in the provision of legal services. In the face of this brave new [...]
BACK TO THE GREEN HOUSE FOR DE BLONAY February 3, 2010 THE City’s resident “Swiss funds fox”, Guy de Blonay, has barely warmed up his seat after his high-profile return to fund management group Jupiter, but already things are settling comfortably back into their old ways. De Blonay officially took up his new position at the group a week ago, after leaving his first job at [...]
Lord Mayor urges City to reach out November 15, 2009 NICK Anstee, the newly-elected Lord Mayor, will tonight embark upon the unenviable task of attempting to repair relations between the City and the wider public, in a speech at his inauguration banquet at the Guildhall. Anstee, a senior director at law firm SJ Berwin, will reiterate that the Lord Mayor’s job is to speak for [...]
Private equity eyes up City law firms September 1, 2009 THE BELEAGUERED legal profession, says Jeremy Hand, managing partner of private equity firm Lyceum Capital, is facing “a fire-storm whipped up by the recession, smarter customers, technology, outsourcing and legislation”. If that wasn’t trouble enough, it’s also being forcibly opened up to competition that could arise from the so-called Tesco Law – the shorthand for [...]
Defender of business says a hung parliament would be disastrous February 7, 2010 HE MIGHT have parted company with the CBI four years ago, but Lord Digby Jones is still one of the staunchest defenders of the private sector. When he gives me his business card at the opening of a Vodafone store in the City, it is emblazoned with a motto that sums up his philosophy: “Only [...]