Greenberg Traurig opens Hamptons office in push for “work-near-home” January 23, 2022 Greenberg Traurig has become the first major law firm to open offices in the Hamptons, as it seeks to adapt to the “new normal” in a vote of confidence that the changes brought about by the pandemic “are here to stay”. The law firm’s decision to open offices in the wealthy seaside resort comes as [...]
Khan denies giving Dick sacking ultimatum over Charing Cross officers February 17, 2022 Sadiq Khan has flatly denied reports that he gave Cressida Dick an ultimatum to sack rogue Metropolitan Police officers or be sacked herself as commissioner. The Times today reported the London mayor demanded the now outgoing Met commssioner sack officers at the Charing Cross police station – who were found to have made a slew [...]
Insurer Hiscox names new group chief financial officer December 21, 2021 International insurer Hiscox Ltd has announced former EY partner and industry expert Paul Cooper as its new group chief financial officer. A qualified chartered accountant who trained with PwC, Cooper is currently the interim group chief financial officer of M&G Plc, a FTSE 100 asset manager and life insurer. Cooper will be rewarded with a [...]
Pinsent Masons cuts desk space in Edinburgh after moving to new offices February 15, 2022 Pinsent Mason’s has cut the number of desks available to staff in its Edinburgh offices, after moving in to new premises, in a bid to free up space and adapt to the future of hybrid working. The London headquartered law firm is set to cut its desk space by 20 per cent, in seeking to [...]
Exclusive: Most commercial landlords are struggling to find tenants for their office buildings January 16, 2022 More than three fifths of the UK’s commercial landlords are struggling to attract tenants to traditional offices as businesses’ workspace demands have changed rapidly during the pandemic, according to new research that was exclusively shared with City A.M. today. In fact, more than six in ten commercial landlords are currently struggling to attract prospective tenants [...]
30,000 UK hotel rooms are being requisitioned by Home Office every day to house asylum seekers May 31, 2022 UP to 30,000 hotel rooms across the UK are being requisitioned by the Home Office every day to house asylum seekers waiting for their claims to be processed. A total of 37,000 asylum seekers are currently in hotel accommodation, at a cost to the UK taxpayer of almost £5m a day, according to a GB [...]
Magic Circle law firm Allen & Overy set to wind down Moscow offices March 10, 2022 Magic Circle law firm Allen & Overy has joined its Magic Circle rivals in vowing to wind down its Moscow office, as law firms from across Europe and the US pile out of Russia. Allen & Overy’s decision to wind down its Russian operations comes after the firm first opened its Moscow office in 1993. [...]
Demand for office space soared last month as businesses feel more certain February 9, 2022 Business owners making enquiries about leasing office space exceeded pre-pandemic levels last month, in a boost for the revival of city centres. Demand was 54 per cent higher last month than in January 2021 and 15 per cent higher than in January 2020, just before the pandemic hit. The office sector had the strongest growth [...]
Debt ridden Evergrande moves Shenzhen head office to cut costs January 11, 2022 Evergrande has opted to move its head office in a bid to save cash as the company seeks to complete building work and repay investors.
Shoreditch, Clerkenwell and King’s Cross become Crossrail winners as office rents skyrocket by as much as 123 per cent May 23, 2022 The much anticipated arrival of Crossrail has driven huge office rental growth in London submarkets, which have outperformed traditional hubs like the West End and The City of London. It comes after 24 May 2022 was confirmed as the official launch date for Crossrail. New data reveals that prime rents in Shoreditch and Clerkenwell during [...]