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Average profit per equity partner at world’s largest law firm has grown again

Professional Services Correspondent

Kirkland & Ellis partner pay neared $8m last year as the law firm passed $7bn in revenue for the first time.

Kirkland & Ellis partner pay nears $8m as revenue passes $7bn

James Booth

Books and Literature

Finance

Investing

BlackRock’s drive into private assets should worry smaller rivals — again

Schroders’ new team must deliver or pressure for break-up will grow

EU’s response to Trump trade war could add to UK’s Brexit damage

Fiera Capital managing partner Catherine O’Reilly exits

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The former Goldman Sachs  and TCI Fund Management employee has also stepped down from her board role at UK trade body the Investment Association

Who is JPMorgan’s new UK private banking boss?

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Maricé Brown is ‘JPMorgan through and through’ but is an unfamiliar name in the City

Ex-Bank of America trader joins Sumo as head of systematic fixed income trading

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Jugakalpa Das’ six-member pod will start trading for Sumo in July

Chicago-based Northern Trust has a market value north of $21 billion. The firms’ chief executives had at least one conversation.

Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger

Oil climbed and Asian equity markets fell after the U.S. carried out strikes on Iranian nuclear sites over the weekend, raising concerns about an escalation of the conflict that began with Israeli attacks on Iran.

Oil Stays Volatile as Markets Weigh U.S. Attacks on Iran

In a bid to address an AI crisis at his company, the Meta CEO has gotten personally involved in recruiting top talent.

By Meghan Bobrowsky, Berber Jin and Ben Cohen

Zuckerberg Leads AI Recruitment Blitz Armed With $100 Million Pay Packages

Israel’s attack on Iran gave the greenback a boost after a long stretch of trouble. But the long-run prospects for the dollar don’t look good.

The shipments have propelled Ireland, a country of only 5.4 million people, to the second-largest goods-trade imbalance with the U.S., trailing only China.

How Weight-Loss Drugs Blew Out the U.S. Trade Deficit

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Financial News

Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger

Oil Stays Volatile as Markets Weigh U.S. Attacks on Iran

Zuckerberg Leads AI Recruitment Blitz Armed With $100 Million Pay Packages

War Brings Out the Best in the Dollar

How Weight-Loss Drugs Blew Out the U.S. Trade Deficit