What a con: Four common tactics used to scam pension savers September 11, 2019 The impact of pension fraud can be devastating, with victims losing an average of £82,000 last year. Even those of us who are savvy with our money can end up falling victim to fraud. In fact, it is estimated that five million pension savers in the UK are at risk, with 42 per cent of [...]
Burford Capital rebuffs news of possible ‘revenge porn’ law suit September 10, 2019 Litigation funder Burford Capital has hit back after reports it could be facing a private prosecution for an alleged breach of England’s “revenge porn” laws, in the latest development in an ongoing legal battle on both sides of the Atlantic. It was alleged in a High Court lawsuit last month that Burford executive Daniel Hall [...]
Litigation Capital Management bosses say Burford woes will not dampen sector September 10, 2019 The management of litigation funder Litigation Capital Management (LCM) said today that the negativity around fellow funder Burford Capital would not dampen the sector, as they announced their debut London results to the stock market. Last month Aim-listed Burford was savaged in an attack by shortseller Muddy Waters which criticised its governance and its use [...]
Deloitte Legal to recruit trainee lawyers for first time as Big Four continue legal expansion September 10, 2019 Deloitte Legal will offer training contracts to aspiring lawyers for the first time from today, as the Big Four continue their expansion into the legal sector. Deloitte launched a UK legal practice in 2018, becoming the last of the Big Four firms to do so. Today the firm opened applications for up to 10 training [...]
Sage kicks off sale of payments-processing business September 9, 2019 Sage has lined up bankers to find a buyer for its payments-processing arm Sage Pay. Investment bank Rothschild has been appointed to sell the business, which has around 50,000 small and medium sized business customers, Sky News reported. Read more: Sage shares fall as it warns of slipping license software sales It is unclear what [...]
HMRC at risk of not delivering on prosecution targets as Brexit slows tax evasion enforcement September 9, 2019 Lawyers it is “disappointing” that HMRC is on track to miss targets for cracking down on tax evasion and avoidance. The tax authority had set itself a target of increasing the number of criminal investigations that it undertakes into serious and complex tax crime to 100 a year by the end of parliament. However, in [...]
Hell for Leaither: DWF boss on the firm’s post-float fortunes September 8, 2019 DWF is a firm that lawyers at rival firms love to hate. Founded in Liverpool 40 years ago, DWF has expanded at a rapid pace, growing from a regional player to an international firm, swallowing rivals along the way. Over the last decade its revenue grew nearly 350 per cent to £272m, and in March, [...]
Forex firm hit with record £7.8m fine by HMRC for anti-money laundering failures September 4, 2019 West London money transmitter Touma Foreign Exchange has been fined a record £7.8m by HMRC for breaching anti-money laundering regulations. The taxman said today it fined the Greenford-based firm “for breaching strict regulations, which could have left them at the mercy of criminals looking to wash dirty cash”. Read more: Serious Fraud Office prosecutes just [...]
Court throws out privacy challenge to facial recognition technology in landmark ruling September 4, 2019 The High Court today rejected a privacy challenge to the use of facial recognition technology in a landmark ruling. The High Court found that the use of automatic facial recognition technology (AFR) by South Wales police was lawful after a challenge by privacy campaigner Ed Bridges who was represented by advocacy group Liberty. AFR technology [...]
UK’s top law firms boost average partner pay to £750,000 September 3, 2019 Average partner profits at the UK’s top 50 law firms hit £750,000 last year as the sector continued to expand despite an uncertain economic and political backdrop. Nine firms posted average profit per equity partner (pep) of over £1m, according to new research published today by website Legal Week. Partners at Magic Circle firm Slaughter [...]
