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Recent Editions
North America
Human Times
Global companies have boosted hiring for professional roles towards the end of the year, according to an index from recruiter Robert Walters. The boost was especially evident in retail, technology and healthcare, but demand for financial services recruits was less impressive, the survey showed. Job vacancies for professional roles globally were up nearly 9% month on month in October, compared with a 5% fall in September. "The latest figures . . . [are] a positive hint toward more traditional recruitment cycles returning, whereby October and the final quarter tends to be busy as companies ramp up seasonal hires or look to spend remaining hiring budgets before the close of the year," Robert Walters' CEO Toby Fowlston said.
Full IssueUK
Human Times
The Bar Council has expressed strong opposition to a proposed rule change that would require barristers to “act in a way that advances equality, diversity, and inclusion.” The Council argues that the proposals are "substantially unlawful, unenforceable, and impractical," warning that they could hinder progress in these areas. The Bar Council criticised the Bar Standards Board for not providing evidence of the effectiveness of such changes and suggests a more practical approach, including compliance with the Equality Act and mandatory training. Sam Townend KC, chair of the Bar Council, said: "The Bar Council is deeply committed to supporting and improving equality, diversity and inclusion at the bar. It is because of this commitment that we cannot support proposals for a new positive duty that lacks clarity, is probably unlawful and subject to challenge, impractical in implementation and ultimately likely to hinder progress on these issues.”
Full IssueUSA
Education Slice
President-elect Donald Trump has nominated Linda McMahon, a billionaire and former chief executive of World Wrestling Entertainment, to serve as the next secretary of the Department of Education. The choice surprised many education experts, as McMahon was not on the initial shortlist. Trump praised her as a “fierce advocate for parents' rights,” emphasizing her commitment to school choice and local control over education. Critics, including Shaun Harper from USC, expressed concern over her lack of educational experience, saying, “America's schoolchildren and college students deserved an Education Secretary who brings deep education experience.” Supporters, however, believe her business acumen will benefit the education system. McMahon's past roles include leading the Small Business Administration and serving on the Connecticut Board of Education. In the near future, she could potentially be tasked with overseeing the Department of Education's demise or diminution, after the president-elect repeatedly called for abolishing the agency on the campaign trail. The Trump administration may also use the formal regulatory process to undo changes the Biden administration made to Title IX that sought to expand protections for LGBTQ+ students.
Full IssueUSA
Accountancy Slice
President-elect Donald Trump has proposed eliminating the federal electric vehicle tax credit established by the Inflation Reduction Act, which could save taxpayers an estimated $2.5bn over the next decade. Demand for the Massachusetts MOR-EV program, which offers rebates for electric and fuel cell vehicles, surged in 2023, with 9,265 rebates valued at over $33.6m, a 350% increase from the previous year. However, the program may run out of funding by next June. The agency overseeing it noted that legislative action is required “if the program is to continue.” Critics argue that the program primarily benefits affluent consumers, with Paul Craney from the Massachusetts Fiscal Alliance stating: “Electric vehicles are widely considered a luxury item”. Massachusetts aims for 300,000 electric vehicles by 2025, but only 75,000 were registered as of July.
Full IssueScotland
Legal Matters Scotland
Katy Clark, Labour MSP for West Scotland, has urged the Scottish Government to take immediate action following the Rough Justice report, which reveals significant pressures on Scotland's Crown Office and Procurator Fiscal Service (COPFS) and Scottish Courts and Tribunals Service (SCTS). The report indicates that 77% of COPFS staff and 57% of SCTS staff have experienced errors due to overwhelming workloads. Clark said: "These are the workers who ensure our justice system functions effectively," highlighting the urgent need for IT upgrades and better staffing. She emphasised that the wellbeing of staff is crucial, as overstretched personnel affect the entire justice process. Clark's motion calls for collaboration with the Public and Commercial Services Union (PCS) to implement necessary reforms and prioritise staff wellbeing. “This report cannot be ignored,” she warned, stressing the need for decisive action to address the widening cracks in the justice system.
Full IssueNorth America
Legal Slice
The American Bar Association (ABA) has hailed the 2020s as "The Decade of the Female Lawyer" in a new report, highlighting significant strides in gender diversity within the legal profession. The report details an increase in female representation in senior legal roles, including equity partners and general counsels, as firms and corporations focus on gender equity initiatives. However, challenges remain, such as persistent gender pay gaps and a lack of representation in certain practice areas. "While progress is commendable, there is still much work to be done to achieve true equality," the ABA said. The report underscores the importance of mentorship programs and flexible work arrangements in fostering continued growth for women in the legal field.
Full IssueEurope
Risk Channel
Housebuilder Vistry has removed the chief operating officer role in the wake of an accounting issue that has reduced profits by £165m. The management shake-up will see COO Earl Sibley step down as a director. Vistry said scrapping his role will reduce “the length of reporting lines” and “ensure closer proximity of the chief executive to the business.” Dan Coatsworth, an investment analyst at AJ Bell, said the “embarrassing” accounting blunder, which saw Vistry issue two profit warnings in quick succession, “seems to have prompted chief executive Greg Fitzgerald to change the reporting structure so he is closer to the engine room.” It is noted that some investors are said to be concerned about Fitzgerald’s role as executive chairman, a position which means he is effectively chairman and chief executive.
Full IssueNorth America
CFO Slice
Global companies have boosted hiring for professional roles towards the end of the year, according to an index from recruiter Robert Walters. The boost was especially evident in retail, technology and healthcare, but demand for financial services recruits was less impressive, the survey showed. Job vacancies for professional roles globally were up nearly 9% month on month in October, compared with a 5% fall in September. "The latest figures...[are] a positive hint toward more traditional recruitment cycles returning, whereby October and the final quarter tends to be busy as companies ramp up seasonal hires or look to spend remaining hiring budgets before the close of the year," said Robert Walters chief executive Toby Fowlston.
Full Issue