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Meet the ‘diva of divorce’ Ayesha Vardag, who charges her super-rich clients £1,200 an hour
“I’ve for a very long time been the most expensive divorce lawyer in London,” Ayesha Vardag says from her plush wood-panelled office…
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Kirkland raiding Freshfields’ stars ushers in new era for private equity team
Kirkland & Ellis’s hire of two rising stars from Freshfields last week marks a changing of the guard in the…
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Advertising watchdog orders buy-now-pay-later firm to remove ads ahead of Treasury crackdown
The UK advertising watchdog has told a buy-now-pay-later credit firm to pull down adverts that don’t explain to consumers that its…
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Lawyers warn of legal risks as Goldman, JPMorgan relax Covid safety in offices
Lawyers warn that City firms that opt to scrap social distancing requirements in the workplace could face a surge in employment…
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Ex-Linklaters managing partner Gideon Moore on life after the Magic Circle
When Linklaters managing partner Gideon Moore recorded a video to the firm announcing his departure earlier this year, he ended by…
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Here’s what’s in Democrats’ big social-spending bill — for now
Negotiations continue among Democratic moderates and progressives over President Joe Biden’s “Build Back Better” plan, a sweeping proposal targeting “human…
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FCA chair Charles Randell resigns in shock move amid staff morale crisis
The chair of the Financial Conduct Authority has resigned, amid a period of turmoil at the UK’s markets regulator. Charles…
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Investment advisers ‘extremely skeptical’ about first U.S. bitcoin ETF: ‘It’s a hard thing for RIAs to recommend an inferior’ crypto product
Happy Sunday! Welcome to the penultimate installment of Need to Know Crypto Edition, ahead of the launch of a new…
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Oct. 15 is the final deadline to file a 2020 tax return — here’s how to avoid leaving money on the table
A topsy turvy tax season, replete with a payment deadline extension and mid-stream tax code changes, is coming to an…
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Trading Places: Investec nabs Credit Suisse vet, Kirkland & Ellis hires Freshfields PE partners
In a busy week of earnings and booming revenues from the investment banks, the financial services sector also seen top moves…
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Freshfields introduces paid leave for pregnancy loss
Freshfields Bruckhaus Deringer has introduced a paid leave policy for UK staff and their partners who have been affected by…
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Abrdn’s new CEO fights to stem investor flight: ‘The market is yet to be convinced’
Stephen Bird, the former Citigroup executive who replaced Keith Skeoch as CEO of Standard Life Aberdeen in September 2020, has…
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KPMG slammed by watchdog for ‘untruthful defence’ in Silentnight tribunal
KPMG has been criticised by the audit watchdog for putting forward an “untruthful defence” in a misconduct hearing related to…
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This development may fully reopen the global economy — and the stock market has mostly ignored it
The buzz surrounding the potential for the antiviral drug from Merck & Co. MRK, -0.43% and Ridgeback Biotherapeutics is hot…
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Small businesses frustrated by labor shortages afflicting the economy, NFIB finds
Small-business owners say they have plenty of customers, but in a worrying sign for the U.S. economy, they are growing…
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Energy stocks have perked up — here are Wall Street’s favorite sector plays
Energy stocks have strengthened over the past month, but they curiously still trail the remarkable increase in oil prices. Even…
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Linklaters hikes junior salaries to £107,500 to leapfrog Magic Circle rivals
Linklaters has hiked salaries for its newly qualified lawyers to £107,500, pulling away from its Magic Circle rivals in the pay…
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Evergrande got a clean bill of health from PwC despite heavy debt
Last year as China Evergrande’s stock and bond prices seesawed, it offered deep discounts to keep sales growing during the pandemic and the government…
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Boston, AlixPartners consultants poached by Ankura in UK restructuring push
US consulting firm Ankura has hired a string of heavyweight practitioners to make a push into the UK restructuring market.…
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Grant Thornton fined £4m for audit failure at Patisserie Valerie
Grant Thornton has been fined £4m and severely reprimanded by the audit watchdog for failing to spot allegedly fraudulent accounting…
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Woodford investors edge closer to court action with administrator
A law firm representing more than 11,000 investors in Neil Woodford’s former flagship investment fund has begun court proceedings against…
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‘You needed to be seen as a slave to the clock’ — deal boom breaks down law firm taboos
Demand from law firms for recruits amid an ongoing deal boom is increasing junior lawyers’ ability to question prospective firms…
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Slaughter and May appoints deal lawyer as next senior partner
Magic Circle firm Slaughter and May has elected deal lawyer Roland Turnill as its next senior partner. It is the…
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Freshfields poaches top dealmaker from Cravath
Freshfields Bruckhaus Deringer is poaching a top dealmaker from Cravath, Swaine & Moore, the latest offensive in a talent war…
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DLA Piper debt capital markets partner elected City’s next Lord Mayor
DLA Piper partner Vincent Keaveny has officially been elected as the City of London’s 693rd Lord Mayor. Keaveny will succeed Lord…
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KPMG goes to High Court over Patisserie Valerie administration dispute
KPMG is set to take a dispute over its role in the administration of failed café chain Patisserie Valerie to…
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Open Banking boss quits over bullying and sexism allegations
The head of the UK’s open banking oversight organisation is stepping down after an investigation found a culture of bullying, intimidation…
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Lawmakers push Google, Facebook, eBay and Amazon to disclose fees they get to host investment scams
Lawmakers are asking tech giants including Google and Facebook to come clean on how much they are being paid to…
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Market-makers take on the banks in PR battle over trading reforms
When an industry lobby group starts a public relations campaign, the cynical observer instinctively asks: Why? Why now? Do they have…
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Deloitte under investigation for Essar Oil audit
Deloitte is reportedly being investigated in connection with its auditing of refinery company Essar Oil UK. Deloitte resigned as the…
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Clifford Chance’s Melissa Fogarty: ‘There are far too few female and minority partners’
Female and minority lawyers are still being held back from rising to the top of leading law firms, according to…
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Private equity firms hike junior pay by 50% amid banker burnout crisis
Pay for junior private equity professionals in Europe has swelled by 52% over the past two years, showing the growing…
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A bunch of fitness companies have jumped into the IPO market this year. It’s not working out.
Has the U.S. IPO market reached peak fitness? It may have, based on Thursday’s market, which saw the latest fitness…
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European Spac market thaws with £125m Disruptive Capital listing
A £125m blank cheque company listing in Amsterdam is unfreezing the European Spac IPO market, which has not seen a deal since…
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Alantra poaches five dealmakers as European hiring spree continues
Mid-market investment bank Alantra has poached five senior investment bankers for its European operation, the latest recruits in a hiring…
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Billionaires’ income taxes are a tiny fraction of their wealth, White House says. Here’s the average rate they pay
Billionaires sit on vast pools of money and assets, and only a tiny portion of their wealth goes toward federal…
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These stocks are in bear-market territory, but Wall Street expects them to soar as much as 68%
This looks like another good year for the stock market — the benchmark S&P 500 is up 16%. But it…
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Slaughter and May elects first female leader
Partners at Slaughter and May have elected their former disputes head as the firm’s first female leader. Deborah Finkler has…
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Biden to huddle with Democratic lawmakers as roadblocks persist in advancing bills on infrastructure, social spending
President Joe Biden on Wednesday afternoon is due to meet with Democratic lawmakers from the U.S. House and Senate, with…
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Invesco ties up with Galaxy Digital for crypto ETF
Invesco, one of the biggest operators of exchange-traded funds in the US, is making plans to roll out a lineup…
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KPMG-audited German fund firm reveals years-long compliance failure in UK arm
A German fund group audited by KPMG has not complied with UK law in its London arm for years, Financial…
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IPO market braces for 14 deals this week — including payment processor Toast — unless Evergrande woes send issuers scurrying
The U.S. initial public offering market is bracing for another busy week, with 14 deals on tap, unless fears of…
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Tiedemann and Alvarium close to merger deal with plans for a Spac
Investment firms Tiedemann Group and Alvarium Investments are close to a deal to merge and go public through a special-purpose…
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Dow, S&P 500, Nasdaq close lower in weekly slump on ‘quad witching’ and weak consumer sentiment
U.S. stock indexes closed lower Friday, slumping for the week, as bearish momentum gathered steam after a reading on consumer…
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U.S. consumer sentiment mired at near decade lows, University of Michigan Survey finds
The numbers: The University of Michigan’s gauge of consumer sentiment rebounded slightly to a preliminary September reading of 71 from…
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Nursing homes are now facing a COVID resurgence, and a staffing shortage will only make it worse
Kathy Pacheco’s photographs tell the story of her husband’s life in a Philadelphia nursing home. In one photo, Joe Pacheco…
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Investec building out team of financial institutions dealmakers with Lewin hire
Mid-market focused investment bank, Investec, is building out its team of dealmakers focused on financial institutions, and has hired a…
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Job hunters are putting their vaccination status on LinkedIn and résumés. Should you do the same?
As someone who’s been working in the recruiting and talent acquisition industry for two decades, Dustin Mazanowski knows how important…
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PwC’s working class employees paid 12% less than peers
Big Four audit firm PwC UK has said that 14% of its staff come from working class backgrounds and tend…
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Wall Street sees as much as 70% upside for these highly rated energy stocks in rally mode
Some investors might feel guilty about making money on fossil fuels, but the table appears set for more gains in…
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