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HSF Kramer boosts newly qualified lawyer pay to £145,000

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HSF Kramer has boosted pay for its newly qualified lawyers in London to £145,000, up from £135,000 last year. 

The 7% pay hike takes effect on 1 July, the law firm said in a statement.

Herbert Smith Freehills Kramer hikes junior lawyer salaries by 7% as it inches closer to the Magic Circle law firms on pay

Zoe Hu

Business

Investing

Ares hires ex-Goldman Sachs exec to lead Italian wealth business

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Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

Barclays poaches Citi managing director for wealth private credit push

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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Financial services companies like BNY and JPMorgan say AI’s capabilities are taking more and more cues from the way humans work.

Central bankers have conceded that they underestimated the impact of interruptions to supply on prices, having been more used to focusing on demand surges as a source of inflation.

ECB’s New Strategy Emphasizes ‘Forceful’ Responses to Inflation Shifts

The S&P 500 has now added more than 9% since President Trump announced sweeping tariffs.

From Tariff Pain to Record Highs, a Wild Quarter on Wall Street

The buyback program delivers on UBS’s plans to hand money back to shareholders after the Swiss government proposed tougher capital rules for the bank earlier this month.

The firm had big ambitions for three resorts with views of the Aegean Sea. It recently sold the properties, barely breaking even.

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Blockbuster tie-ups continued in the second quarter in industries relatively insulated from tariffs.

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Sixth Street’s Alan Waxman thinks his publicly traded rivals are turning private credit into a commoditized, lower-returning business.

By Miriam Gottfried | Photographs by Jason Henry for WSJ 

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Carney and Trump will try to reach an agreement by July 21, a Canadian spokeswoman said.

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Canada Rescinds Digital-Services Tax to Salvage Trade Discussions With U.S.

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