Pallas Partners raises first-year lawyer pay to £235k
Pallas Partners has raised starting salaries for first-year lawyers to £235,000, surpassing Magic Circle firms and setting a new benchmark in London's legal market.
Category : Corporate
Hedge Fund Managers Move to Jersey Over Middle East
Hedge fund managers are increasingly relocating to Jersey as a stable, tax-efficient alternative to the Middle East, driven by regulatory changes and lifestyle preferences.
Citi’s Andy Sieg Overhaul Transforms Wealth Division
Citi brought in Andy Sieg to overhaul its wealth division, and the strategy is working, with significant growth in client assets and revenue.
London City Lionesses' Transfer Spree Raises Salary Cap Questions
London City Lionesses have signed stars like Alexia Putellas and Mary Earps, sparking debate on how they comply with the WSL salary cap, given their £902k revenue and £10.6m loss.
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Hungary's Szijjártó joins BYD amid conflict of interest queries
Hungary's former foreign minister Péter Szijjártó joins Chinese carmaker BYD, prompting PM Magyar to question Orbán's interests in battery investments.
Man Utd target Summerville if Rashford leaves
Manchester United will pursue Crysencio Summerville for £30m if Marcus Rashford leaves. West Ham open to selling after relegation.
Man Utd to bid £30m for Summerville to replace Rashford
Manchester United plan a £30m bid for West Ham's Crysencio Summerville to replace Marcus Rashford, with Arsenal also interested. United have already signed Andrey Santos and Youri Tielemans this summer.
Walkers confirms KFC crisp comeback after five years
Walkers is bringing back its KFC collab crisps — Original Chicken permanently and Zinger for a limited time — after fans begged for five years.
Summer Transfer Window Heats Up for Sports Lawyers
The summer transfer window is driving demand for sports lawyers, with clubs spending record sums and navigating complex regulations.
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Meta sued for using AI to target sick leave employees for layoffs
26 Meta employees file lawsuit accusing the company of using AI-powered software to disproportionately target disabled workers and those who took sick leave for mass layoffs.
BlackRock Assets Top $15tn on ETF Growth
BlackRock's assets under management exceeded $15 trillion for the first time, driven by record ETF inflows and market gains, the firm reported in its Q4 earnings.
Aztec Group poaches BlackRock MD for CCO role
Aztec Group has appointed a BlackRock managing director as its new chief commercial officer, signaling expansion plans in asset servicing.
Cravath London capital markets co-head departs for A&O Shearman
Cravath Swaine & Moore's London capital markets co-head is leaving for A&O Shearman, marking another senior departure from the US firm's UK office.
Junior Lawyers at Morrison Foerster Must Create Business Plans
Morrison Foerster junior associates must create business development plans to win new clients, a strategy shift for the Am Law 50 firm.
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DWS Rebrand: Vorsprung Durch Technik Revival?
DWS rebrands with 'Vorsprung Durch Technik' motto to rejuvenate its image after greenwashing scandal. Can it restore trust?
Trump Threatens Strait of Hormuz Control, Iran Blockade
Donald Trump threatens to take control of the Strait of Hormuz, reimposes naval blockade on Iran, and demands 20% tariff on ships, causing oil price spike.
EasyJet Holidays spa resort lacked on-site spa or gym
A couple who paid £1,070 for a week at the Vasia Sea Retreat in Crete found no spa or gym on site; facilities were at other hotels an hour away.
City target Bouaddi for £85m after World Cup
Manchester City are set to sign Lille's 18-year-old midfielder Ayyoub Bouaddi for €100m (£85m) after his impressive World Cup performances for Morocco.
UK's AI Ambitions: Eager Yet Wary of Full Commitment
The UK aims to catch up in the global AI race but fears risks like an AI bubble. The Bank of England plans to ease capital rules despite concerns over excessive AI stock investment.
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Citi ECM Revenue Surges Following Wall Street Trend
Citigroup reported a significant increase in equity capital markets revenue, aligning with Wall Street peers, driven by a rebound in dealmaking and IPO activity.
Goldman Sachs Equity Underwriting Fees Jump 90%
Goldman Sachs reported a 90% surge in equity underwriting fees as large IPOs and secondary offerings return, generating $1.2 billion in Q3 2023.
JPMorgan traders push bank to record profit $49.6bn
JPMorgan Chase reported a record annual net income of $49.6 billion, driven by strong trading revenue and higher net interest income, according to its latest earnings.
GAM fund managers increase Liontrust stake after overhaul call
GAM fund managers have increased their stake in Liontrust Asset Management to 5.1% after publicly calling for a strategic overhaul, including a potential sale or merger.
Benchmark Capital portfolio attracted numerous bidders
Benchmark Capital's portfolio drew interest from multiple bidders, but no deal materialized. Sources say the firm's holdings were highly coveted, yet a sale never happened.
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US states sue to block $110bn Paramount-Warner Bros merger
A bipartisan coalition of 12 US state attorneys general filed a lawsuit on Monday to block the $110bn merger of Paramount Skydance and Warner Bros Discovery, citing harm to competition and higher consumer prices.
At 60, left marketing to become a barber; father's blessing moved him to tears
Phil Yates, 63, quit his marketing job to train as a barber. His father's approval was a pivotal moment. He now works at Hava & Co in Auckland, cutting hair with passion.
Yorkshire Water Error Paid Customer £6,800, Said 'Enjoy'
Yorkshire Water accidentally paid a Leeds customer nearly £7,000 in two installments, initially telling them to 'enjoy' the money before recovering it after Guardian Money intervened.
27 Killed in Bangkok Pub Fire, 22 Injured
At least 27 people died and 22 were critically injured in a fire at a pub in Bangkok, Thailand, late Sunday. Officials call it the deadliest blaze in the tourism hub in recent years.
Aston Villa hijack Newcastle's £49m Manzambi deal
Aston Villa are set to sign Switzerland midfielder Johan Manzambi from Freiburg for £49m, hijacking Newcastle's pursuit after the World Cup.
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Keystone Pipeline Operator to Pay $26.9M for Kansas Spill
Keystone pipeline operator South Bow agrees to pay $26.9 million civil penalty over 2022 Kansas oil spill, plus $40 million to prevent future accidents.
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