Sigh of relief within legal community as Supreme Court upholds non-compete clause after four year battle July 23, 2021 Following an epic four year legal battle, consumer action law firm Your Lawyers won this morning a Supreme Court action against rival firm Harcus Sinclair (HSLLP). The case was closely monitored by many ,law firms in the City and across the country. The UK Supreme Court ruled today that a non-compete clause which HSLLP gave [...]
EY accused of concealing fraud in $8bn legal claim by NMC Health founder July 22, 2021 Ernst & Young, along with two other banks, face accusations it “actively concealed” a six-year fraud from investors in a new lawsuit over its auditing work for NMC Health, according to reports. BR Shetty, the Indian-born founder of the hospital operator, filed a court document in New York, alleging that the company had been subject [...]
EY Parthenon brings on former government advisor Mats Persson as partner July 22, 2021 EY has announced the appointment of Mats Persson, a former chief of staff to Sajid Javid, as a partner in its strategy and transactions business. Persson had already been acting as an independent advisor over the last year, designing strategies for transport and energy companies, the auditing giant said in a statement published last week. [...]
Ashurst’s equity profit bounces back to £1m per partner July 21, 2021 London-based law firm Ashurst has seen their equity per partner profit total to more than £1m in the previous 12 months from April 30. After five consecutive years of revenue growth the company has seen a 15 per cent growth in their partner profit over the year. Revenue for the company was also up 10per [...]
Cognizant acquires data specialist TQS Integration July 21, 2021 Cognizant announced its acquisition of Irish data intelligence firm TQS Integration, the fifth deal of 2021 for the global consultancy as it boosts its industrial data arm. The deal, announced yesterday, is expected to close in the third quarter of 2021 and will see Cognizant further develop its presence in Ireland. It is the latest [...]
Law firm DWF reports strong year with revenue over £400m July 21, 2021 DWF Group, the international legal firm, has reported a rise in its revenues to £400m, in its full year results released today. Revenue rose to £401m for the year ended 30 April 2021, representing a 12 per cent increase from £357m in the previous year. Net revenue also grew by 14 per cent to £338.1m. DWF’s [...]
Clifford Chance report record revenue and profits in sixth consecutive year of growth July 20, 2021 Law firm Clifford Chance announces its sixth consecutive year of profit and revenue growth despite the pandemic. For the year ended 30 April Clifford Chance saw its revenue rise to £1.8bn, though by a marginal rate of one per cent compared to the previous financial year. Its profit per equity partner increased by nine per [...]
Zurich UK switches $1bn into new ESG benchmark to cut its carbon emissions July 20, 2021 Zurich UK has switched almost $1bn (£73m) of its investment portfolio into a new ESG benchmark in a bid to reduce its carbon emissions. The insurance giant said, in an announcement today, the new benchmark will deliver a 30 per cent reduction in emissions as well as “enhanced” ESG outcomes, compared to its parent index. [...]
SAP to invest €250m in the UK over the next five years July 19, 2021 SAP said it will invest a quarter of a billion euros in the UK through a UK-based cloud service and new offices, in an announcement today. The company will launch its UK Data Cloud service, establish new offices in London and Manchester and invest further in young talent through its internship programme. It’s new offices [...]
Deloitte partner lays down the law for junior staff in leaked email July 19, 2021 The UK lead of Monitor Deloitte told junior staff that they should become “millionaires, authors or bums” if they wanted to be picky with their projects, in a leaked internal email. Alexander Curry, a partner and UK Lead at Monitor Deloitte, said that junior staff do not own their own time, in an email sent in [...]