Harry Markopolos, the guy who blew the whistle on Bernie Madoff has just released his book “No One Would Listen”…
Herbies offered £10k to future trainees to stay away for 6 months earlier this week…
There is a website for just that…
US firm gets hero lawyer status after saving Christmas…
Well they can take a holiday there but foreign firms may not be able to practice law in India.
Christmas celebrations for insolvency specialists.
Recent estimates have suggested that fees could reach a record $1.4 billion (£860m) for lawyers, accountants and other professionals working on the Lehman Brothers Holdings Inc. bankruptcy.
It’s not just the bankers getting hit by a nasty Christmas surprise. Accountants and law firms are fielding criticism as details emerge of the fees they’ve generated from collapsing businesses. And Hedge funds are also getting it in the neck. They’ve received much abuse through the financial crisis – even collapsing banks got in on the act complaining about hedge fund’s shorting their stock: “When I find a short-seller, I want to tear his heart out and eat it before …
There has been a lot of flirting amongst the top 100 law firms this year. Even if hasn’t led to much action.
Pretty much everything has been overshadowed this week by the PBR and the poor persecuted bankers.
The City has had a feast of fees following the banking crisis.
Slaughter and May is expected to receive a total of £32.9m for legal advice between September 2007 to next March, dwarfing any other law firm on this front. Elsewhere, £32.6m was shared between PricewaterhouseCoopers, KPMG and BDO Stoy Harward. And Credit Suisse, Deutsche Bank, Citi, Goldman Sachs and Morgan Stanley were on the payrole for financial advice.
In total the Treasury has paid …
With the credit crunch came the tax-dodger crackdown. The US pursuit of its citizens hiding cash in Switzerland made headlines as one of the country’s biggest banks caved to pressure and breached the its banking secrecy laws. UBS handed over the names and account details of about 4,450 of its clients to US tax authorities as part of a settlement. These people will pay billions of dollars in back taxes, penalties and interest and many others have since come …
From Legally Drawn
With difficulty. As with most things the easy answer for successive governments has been to increase tax but continual increases don’t seem to prevent our towns and cities being kebab strewn and awash with puke every Sunday.
In a bid to alleviate some of the booze culture north of the border, Scottish ministers have been campaigning for minimum pricing of alcohol. Dr Brian Keighley, chairman of the British Medical Association in Scotland has described Scotland’s alcohol consumption rates as “staggering ” …
The cold British air hangs thick with irony this morning.
Yesterday, World leaders marked the 20th anniversary of the Berlin Wall’s fall variously stating how the fight against injustice around the world must continue. Presumably they consider freedom of speech and protection of civil liberties to be part of that equation.
Funny then this morning’s news reveals how our very own Government plans to store information about every phone call, email and internet visit in the United Kingdom have only just …
More than a bit of banter.
Maureen Murphy, 30, and Anna Francis, 37, are each suing their former employer, investment bank Nomura, for £1.5million for loss of earnings and hurt feelings. The women claim they were dumped for being female and not Japanese.
Originally, both worked in Asian equities sales at Lehman Brothers, Canary Wharf but after Lehman collapsed in September 2008, Nomura took over. Miss Murphy, a senior analyst earning £55,000 a year, and Miss Francis, a director on £250,000 …
Safe hands Slaughter and May has had a stranglehold on advising the Government since armageddon hit the banks two years ago. After the collapse of Northern Rock, Slaughters was seen as the only magic circle firm not conflicted because of ties to financial institutions. Although the Treasury is not the biggest payer, last year Slaughters received £22 million in fees assisting the Government wade through the financial mess and working for the Treasury has obvious kudos.
Now that the initial …
There’s not a lot to thank striking postal workers for but there’s always an exception…
Lord Justice Elias has quashed the conviction of a speeding driver in the High Court because a statutory police letter failed to arrive within the 14-day legal deadline. Thousands like him could avoid a fine and three points on their licence as the backlog of post continues to suffer long delays.
Although upstanding citizens generally like to see the laws of the land adhered …
Not in the sense that they are paid too much because they get more than the average worker; or more to the point, more than me. But in the sense of business economics. According to Professor Stephen Mayson, director of the Legal Services Policy Institute, they are and this will be detrimental when it comes to attracting external investment. The Gazette refers to extracts of a speech considering potential business models for the Legal Services Act 2007, in which …
Not wanting to be doom mongers or anything but this week the bad news continues after last week’s rubbish GDP figures. Even the mighty Slaughters has opted to cut associate bonuses in half from 10% of salary to 5% whilst continuing with a salary freeze until the end of this year.
More widely, the prognosis for patient UK is looking horribly poor as the public sector faces massive cuts. Centre for Cities said in the Guardian that graduates would find …
