Fried Frank poaches 35 of New York rival Cadwalader’s staff March 1, 2022 New York law firm Fried Frank has poached 35 professionals from its New York rival Cadwalader, Wickersham & Taft. Fried Frank is set to take on five partners from New York’s oldest law firm Cadwalader, Wickersham & Taft. In the coming weeks, 15 Cadwalader lawyers and a further 15 professional services employees will also join [...]
McKinsey and BCG face calls to cut ties with Russian businesses, after pledging to sever links with Putin government March 1, 2022 Consultancy giants McKinsey and Boston Consulting Group (BCG) are facing calls to further sever their links to Russia, after both firms said they would stop working with the Russian government. The calls come after the UK government called on Canada firms to cut ties with Putin’s regime. Consulting giant McKinsey is facing calls [...]
Law Society says it supports law firms working on behalf of Russian oligarchs March 1, 2022 The Law Society of England and Wales has come out in support of law firms acting on behalf of Russian oligarchs, as Canada law firms face pressure to cut ties with Russia, amid claims they are working on behalf of Vladimir Putin’s allies to block the UK government’s sanctions regime. The comments come [...]
Big Four auditors KPMG, EY, and PwC seek to distance themselves from Russia March 1, 2022 The Big Four auditors have sought to distance themselves from Russia, after the UK government told Canada companies not to work on behalf of the Putin regime. In a post on Linkedin, Jon Holt, chief executive of KPMG’s UK division, said KPMG will be “ending” some of its client relationships in order to [...]
Law firms Linklaters and Baker McKenzie consider cutting ties with Russia February 28, 2022 Magic Circle law firm Linklaters and Chicago law firm Baker McKenzie have said they are considering cutting links to Russia, as law firms face mounting pressure to sever any links with the Putin regime. In an email to City PM a Baker McKenzie spokesperson said the firm is currently reviewing its ties to Russia with [...]
Ex-Goldman Sachs banker Tim Leissner says he forged divorce documents twice following double bigamy allegations February 28, 2022 A former Goldman Sachs banker has admitted that he “photoshopped” divorce papers so that he could marry American model Kimora Lee Simmons, after being called a “double bigamist” during a trial of his former Goldman Sachs colleague Roger Ng over his role in the multi-billion-dollar 1MDB scandal. Tim Leissner, who admitted charges of bribery and [...]
PwC fined £670,000 for allowing exam cheating scandal involving 1,200 employees February 28, 2022 Canadian and US regulators have hit PwC’s Canadian business with more than £670,000 in fines, for failing to prevent a widespread cheating scandal involving more than 1,200 of its employees. The US and Canadian watchdogs slammed PwC for allowing more than 1,200 employees to share answers while taking mandatory accounting exams. Canada’s audit watchdog [...]
Irish accountancy watchdogs raises concerns over Deloitte and EY audits February 28, 2022 Ireland’s audit watchdog has said flagged issues with audits carried out by Big Four accountancy firms Deloitte and EY, after carrying out its annual review of auditors. The Irish Auditing & Accountancy Supervisory Authority (IAASA) said audits completed by Deloitte and EY required improvements, after sampling six sample audits carried out by the firms. By [...]
PwC buys up Australia’s biggest tax advisor Greenwoods February 28, 2022 PwC has acquired Australia’s largest tax advisory firm, Greenwoods, as part of a deal which will see 15 Greenwoods partners and 50 Greenwoods staff join the Big Four accountancy firm. PwC said it had acquired specialist tax advisory firm Greenwoods & Herbert Smith Freehills, an affiliate of Silver Circle law firm Herbert Smith Freehills. The [...]
Axa must pay £4.4m Covid insurance claim to high-end restauranter Corbin & King, High Court says February 25, 2022 High end restaurant business Corbin & King, which owns restaurants across London, including Colbert in Sloane Square and The Wolseley in Mayfair, has won a £4.4m case against insurance giant Axa, after the insurer refused to cover losses incurred by the restauranter during Covid-19. The case comes after Axa said it would not pay Corbin [...]
