Horizon scandal: MPs back sub-postmasters to get ‘full, fair and final compensation’ February 17, 2022 MPs have come out in support of the victims of the Post Office Horizon scandal, calling for full compensation for the sub-postmasters affected.
Over 90 per cent City law firms grew profit pools despite pandemic setbacks December 13, 2021 Over 80 per cent of City law firms have also outperformed their expectations for the year, as the legal sector emerges stronger after a year interrupted by lockdowns and restrictions, according to a new report. The majority of City firms, at 91 per cent, enjoyed an increase in their profit pool and saw aggregate revenue [...]
Biggest UK law firms pocket almost £30bn revenue as sector grows December 9, 2021 Revenue of the 100 biggest UK law firms grew by four per cent to £28.8bn in 2021, according to a new report by a professional body for financial and professional services. The news comes as City law firms battle it out in a bidding war for junior lawyers. Last week ‘silver circle’ law firm Herbert [...]
Law firms match investment banks in handing out UK’s highest graduate salaries February 21, 2022 The City of London’s law firms are now the UK’s highest paying graduate employers, according to new figures from High Fliers, which show UK law firms have now matched investment banks in offering graduates average salaries of £50,000 a year. The graduate salaries paid out by Britain’s major law firms are now on par with [...]
Membership group launches to support implementation of CBDC October 14, 2021 A new membership body supporting the rollout of the UK's CBDC (central bank digital currency) launches in London today.
Allen & Overy joins magic circle firms offering ‘thank you’ bonus March 31, 2021 Allen & Overy has become the latest magic circle law firm to offer non-partners a ‘thank you’ bonus for their work during the coronavirus pandemic. Allen & Overy will give staff a one-off fee bonus in April, equal to five per cent of their annual salary. The Covid-19-related bonus will be in addition to the [...]
Clifford Chance hands staff Covid-19 bonus March 15, 2021 Clifford Chance will pay staff an extra bonus of five per cent of their salary for their hard work during the pandemic. As a sign of the firm’s appreciation for its people over the past 12 months, the magic circle law firm will make a one-off payment to each of its lawyers and business professionals [...]
Linklaters becomes second magic circle law firm to offer Covid bonus March 30, 2021 Linklaters has become the second magic circle law firm to offer a five per cent ‘thank you’ bonus to non-partners for their work during the Covid-19 pandemic. The five per cent bonus is that of a person’s annual salary, and is pro-rated where Linklaters deems to it to be appropriate. The bonus will be paid [...]
Taxman owed millions following Greensill collapse May 9, 2021 The taxman is owed millions of pounds following the collapse of scandal-hit finance firm Greensill Capital. Documents from administrator Grant Thornton show that HM Revenue & Customs is among more than 200 creditors out of pocket since the company’s collapse in March. It is owed $8m (£5.7m), the Sunday Times reported. In total Greensill owes [...]
Treasury Committee’s call for digital assets to be regulated same way as gambling industry is slammed by crypto leaders May 17, 2023 Crypto leaders in the UK have branded a government body’s calls for unbacked digital assets to be regulated in the same way as the gambling industry as 'an appalling backwards step'.