Norton Rose Fulbright joins junior lawyer pay war with salary raise to £95k November 8, 2021 Norton Rose Fulbright will increase pay for newly qualified lawyers by 12 per cent, as it joins the clamour for fresh legal talent, according to reports. The law firm announced a new “compensation strategy” which rewards new junior lawyers with an additional £10,000 a year, bringing their annual salary to £95,000, according to Legal Cheek, [...]
Whistleblowing reports of minimum wage violations fall thanks to furlough scheme November 8, 2021 The number of whistleblowers reporting businesses for breaking national minimum wage laws has dropped to its lowest in four years, with the furlough scheme considered a key driver of the change. Whistleblower reports of national minimum wage (NMW) violations fell to 2,488 over the year, down from 2,580 last year, according to law firm Pinsent [...]
Jefferies and Cantor reach settlement on banker poaching squabble in London court November 1, 2021 American finance bigwigs Jefferies and Cantor Fitzgerald have reportedly agreed to settle a London lawsuit after a years-long battle that centred around a mass migration of bankers between the firms in multiple locations. It brings an almost three year lawsuit to an end, after Jefferies first filed a lawsuit in London against the brokerage and [...]
Budget: Brits face flat recovery for household living standards, Sunak warned October 28, 2021 The average household could see their tax rise by thousands of pounds during Boris Johnson’s premiership, a think tank has warned, as Rishi Sunak’s Budget has the country set for a flat recovery for living standards. The Office for Budget Responsibility (OBR) said the Budget would leave the overall tax burden at its highest since [...]
Hiring bonanza: Nearly nine in ten London employers plan to recruit new staff in next 12 months October 25, 2021 Just over 85 per cent of all London employers are planning to recruit staff in the capital over the next 12 months, the highest recruitment intentions in eight years, according to new figures shared with City A.M. today. Over two-thirds (67 per cent) of employers who are hiring are looking for permanent staff, whilst a [...]
Most Brits don’t think they are paid ‘what they are worth’ but asking for a raise pays off October 21, 2021 Most people don’t believe they’re being paid what they think ‘they are worth’ to do their current jobs. And, perhaps unsurprisingly, the longer it’s been since they last received a pay rise, then the more inclined they are to feel this way. CIPHR polled 1,005 British adults to discover more about how employees perceive their [...]
Close to 4m low-income households across UK are in arrears with household bills October 21, 2021 Nearly 4m British households on low incomes are estimated to be in arrears with household bills, according to new figures published this morning. Around 950,000 are thought to be in rent arrears, 1.4m are behind on council tax bills and 1.4m are behind on electricity and gas bills, the Joseph Rowntree Foundation said. It looked [...]
Salary slaves: 2021’s best and worst paid industries and the UK’s fastest-growing sectors October 14, 2021 Earlier this week, City A.M. revealed private equity firms are prepared to pay junior staff with less than two years experience an average salary of more than £152,000, a jump of 52 per cent compared to two years ago. For those with two to four years of experience, an salary of around £181,000 has become [...]
Today: UK unemployment set to fall as rate hike bets increase October 12, 2021 European markets got off to a mixed start yesterday, while US markets, after initially looking in good shape, rolled over into the close to finish on the lows of the day. While investors want to believe the narrative that stock markets can continue to move higher, this belief is bumping up against the reality of how [...]
Two in three UK women say bias and discrimination hold them back from finding work October 8, 2021 A large majority of women across the UK, namely two in three women, believe that bias and discrimination hold them back from finding work, according to new research, shared with City A.M. this morning. More than two in five women worry that their gender is a barrier to finding a new job and 30 per [...]