City pay war continues as top US law firm hikes London lawyers salaries to £170,000 November 14, 2022 New York City law firm Simpson Thacher has hiked salaries for its newly qualified (NQ) lawyers to heights of £170,000 a year in a sign the City pay war is showing no signs of slowing down. The white shoe law firm has given NQ lawyers in its London offices a £12,000 a year pay [...]
Unused office space ‘to cost London firms £13bn’, survey shows November 16, 2020 The shift to homeworking, accelerated by the coronavirus pandemic, could cost London businesses almost £13bn in unused office space, according to the latest research. London office workers want to spend an average of 2.7 days per week back in the office once all coronavirus restrictions are lifted, as long as they have the resources to [...]
WPP commits to London headquarters despite plans to slash office space March 11, 2021 Advertising giant WPP today committed to its London headquarters despite wider plans to slash office space amid a shift to home working. The media group, which owns ad agencies such as Ogilvy, Grey and Group M, has said it will look to reduce its office footprint by a fifth in the coming years. Chief executive [...]
Europe leads hydrogen race, with UK and US scrambling to catch up October 23, 2023 Europe will be the runaway leader for green hydrogen projects over the next five years, with the UK and US still playing catch-up.
City Moves: Who’s switching jobs in the Square Mile? September 2, 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. Branch Austin McCormick Mayfair-based law firm Branch Austin McCormick has built out its dispute resolution team with a new partner. Eugene Matveichuk, who stepped into the new position yesterday, brings more than 20 years of experience to [...]
City Moves: Who’s switching jobs in the Square Mile? September 14, 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. Orrick Law firm Orrick has posted a fresh partner into its fintech team, focused on providing regulatory counsel on payment services, e-money issuers, crypto-asset issuers, wallets and exchanges. Dan Jones, based in London, joins from US law [...]
City Moves: Who’s switching jobs in the Square Mile? September 16, 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. Bovill Financial regulation consultancy Bovill has appointed a Big Four director to head its wealth practice, covering financial planning, regulatory compliance and prudential obligations. Based in London, Matt Browne joins from PwC, where he was a director [...]
Serving Met Police officer arrested over disappearance of London woman March 10, 2021 A serving Metropolitan Police officer has been arrested over the disappearance of Sarah Everard, a 33-year-old woman who was last seen a week ago. Everard was last seen at 9:30pm on Wednesday 3 March, when she walked home from a friend’s house in Clapham, South London. In a statement, Assistant Commissioner Nick Ephgrave called the [...]
City of London boss says most workers will return to office after pandemic March 30, 2021 The City of London financial centre is likely to see most workers return to their offices after the pandemic, the City’s policy chair said this morning. Catherine McGuinness told BBC radio she was confident that trade would return for businesses that rely on crowds of office workers. While McGuiness’s comments come as a boost for [...]
London judge slams New York law firm Cleary Gottlieb for charging more than £1,100 an hour April 6, 2022 A London judge has slammed US law firm Cleary Gottlieb Steen & Hamilton for charging its clients more than £1,100 an hour. In a short ruling today, Court of Appeals judge Lord Justice Males spoke out against the white shoe law firm, after it charged Korean electronics company LG as much as $1,475.75 (£1,131.75) an [...]