Pay for in-house lawyers lagging behind inflation January 15, 2012 IN-HOUSE lawyers are facing a real-terms cut in salary for the second year running, new research has revealed this morning, with average pay increases across the sector failing to match the rate of inflation in the UK. In-house heads of legal have seen their salaries rise by an average of 2.5 per cent over the [...]
Ministers on alert over age bias wrangle January 17, 2012 THE COALITION’S new rules on the retirement age could be plunged into confusion after a long-running discrimination case opened in the Supreme Court yesterday. Leslie Seldon, who was a partner at London law firm Clarkson Wright and Jakes, is taking his former employer to the highest court in the land after he was forced to [...]
CITY MOVES | WHO’S SWITCHING JOBS February 7, 2012 Qatar Financial Centre Authority Bob Wigley, chairman of Yell Group and former chairman of Merrill Lynch Europe, Middle East and Africa, has been appointed as a non-executive director of the Qatar Financial Centre Authority. In the new role, Wigley, who was appointed as an ambassador for UK business by David Cameron in 2011, will promote [...]
STOCK EXCHANGE BLOCKS STELIOS FROM AIRING HIS LATEST ATTACK February 21, 2012 EASYJET founder Sir Stelios Haji-Ioannou has never been shy about letting the airline’s management know what he really thinks. But yesterday’s attack on chairman Mike Rake’s team, in which he paints EasyJet lawyers Herbert Smith in an unflattering light, was the straw that broke the London Stock Exchange’s back – it refused to publish the [...]
STOCK EXCHANGE BLOCKS STELIOS FROM AIRING HIS LATEST ATTACK February 21, 2012 EASYJET founder Sir Stelios Haji-Ioannou has never been shy about letting the airline’s management know what he really thinks. But yesterday’s attack on chairman Mike Rake’s team, in which he paints EasyJet lawyers Herbert Smith in an unflattering light, was the straw that broke the London Stock Exchange’s back – it refused to publish the [...]
EX-TRADER’S INSIDE JOB ON MORGAN STANLEY February 12, 2012 ART IMITATES life in the new novel On the Floor by former Morgan Stanley bond trader Aifric Campbell. “The real truth about the City – the pressure and the ruthlessness – is best written about by people who have lived it,” says Campbell, who drew on her years as Morgan Stanley’s first female MD on [...]
CITY MOVES | WHO’S SWITCHING JOBS February 9, 2012 ICAEW Arthur Bailey has been elected as the next vice-president of the Institute of Chartered Accountants in England and Wales (ICAEW). Bailey, who will take office on 13 June, has served on ICAEW’s council for 14 years, including three years as chairman of the audit committee, and is a member of the board. He is [...]
Keeping the world’s most complex event on the right side of the law March 14, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 135 DAYS TO GO Tim Jones explains why Freshfields is the official legal services provider to the 2012 London Olympics Q. what was your brand’s primary reason for being involved with the games? A. We’d been involved for a long time, since 2003 when we worked on the [...]
RAPID RESPONSES October 25, 2011 Define discussion Nick Clegg announced plans yesterday for a new law that will allow protected conversations between bosses and employees. This is a small step in the right direction. My firm advises employers all the time who are genuinely afraid of having frank discussions with their staff about retirement in case what they say is [...]
Swissie scandal engulfs governor January 4, 2012 SWISS National Bank governor Philipp Hildebrand will today break his silence on controversial currency trades made by his wife. Hildebrand has come under increasing pressure to clarify events, after details of foreign exchange transactions made from his personal accounts at Swiss private bank Sarasin were leaked by one of its employees to lawyers for the [...]