Law firms see fee incomes fall June 14, 2009 LEGAL giants saw their fee incomes dive by 4.3 per cent in the quarter to end April compared with last year, dragging down their full-year results. Deloitte’s Quarterly Legal Sector Survey found performance has continued to decline, with chargeable hours per fee-earning lawyer falling 7.1 per cent compared with last year across the top 100 [...]
Law firms see fee incomes fall June 14, 2009 LEGAL giants saw their fee incomes dive by 4.3 per cent in the quarter to end April compared with last year, dragging down their full-year results. Deloitte’s Quarterly Legal Sector Survey found performance has continued to decline, with chargeable hours per fee-earning lawyer falling 7.1 per cent compared with last year across the top 100 [...]
The writing was always on the wall for Setanta June 11, 2009 YOU have to admire the sheer tenacity of Setanta’s founding pair, Michael O’Rourke and Leonard Ryan. A lesser team would have let the floundering business die peacefully by now; these two are determined to keep it on life support until the bitter end. Yesterday, I spoke to several analysts to canvass opinion on the broadcaster’s [...]
FIRST WOMEN GATHER AT GALA TALENT SHOW June 11, 2009 THERE’S nothing a bunch of hard-working businesswomen like better than listening to one of their own knowing how to send herself up in style. So it should come as no surprise that the star of this year’s First Women Awards, held last night in the luxurious surroundings of the Marriott Grosvenor Square, was Deloitte veteran [...]
CITY MOVES WHO’S SWITCHING JOBS June 11, 2009 Augusta & CoThe independent merchant banking group has appointed Rachael Luxton to strengthen its debt advisory and restructuring capabilities. Luxton joins as a director from the international corporate finance team at Citigroup. She is a specialist in restructuring and managing distressed debt situations, having previously advised firms including MyTravel, Fiat, Yukos and Alstom. Mercer Jerry [...]
CITY TRADER OFFERS GAMBLERS A FLUTTER ON A LOTTERY OF HIS LIFE June 10, 2009 REMEMBER the man who, last year, decided to mend his broken heart after a divorce by selling his entire life on eBay, house, car, job and all? Well, one enterprising City boy has decided to go one better – he’s started a competition for entrants to “win a new life”, and stands to make millions [...]
Hedge funds eye M&A deals June 10, 2009 THE beleaguered hedge fund industry is rife with talk of consolidation, as dwindling asset bases eat into these company profits, with the key barriers likely to be hedge fund managers’ egos and poor rewards for sellers. Man Group and RAB Capital have both indicated they are in the market for smaller hedge funds, while Cheyne [...]
CITY MOVES WHO’S SWITCHING JOBS June 10, 2009 List GroupThe markets software provider has appointed Antonio Attanasio (left) as chief marketing officer and Marco de Matti as a sales manager. Attanasio will oversee the firm’s marketing strategy and also work with its quantitative finance division, FMR Consulting. He has worked at Reuters, Dow Jones and GL Trade. De Matti joins from business process [...]
Founders of Setanta plan last ditch bid June 9, 2009 SETANTA founders Leonard Ryan and Michael O’Rourke are understood to be locked in talks to table a last-ditch bid that could see them buy out the ailing firm’s other investors, which include Doughty Hanson, Balderton Capital and Goldman Sachs. It is also thought that Setanta has recently offered stakes of up to 30 per cent [...]
CITY MOVES WHO’S SWITCHING JOBS June 8, 2009 DeloitteThe business advisory firm has appointed risk management specialist Philipp Keller to its European Solvency II team. Keller, who joins the Zurich office as head of insurance risk management, was previously head of research and development and a board member of the Federal Office of Private Insurance in Switzerland. He is also an adviser on [...]