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Judge dismisses sacked Deloitte partner's challenge

Publish date: 17 January 2020
Issue Number: 103
Diary: CompliNEWS
Category: Employment

Legalbrief Today Issue 4849

A partner at Big Four accountancy firm Deloitte who was sacked for alleged bullying and large expenses claims has been ordered to pay £125 000 in legal costs for a one-day trial, after his challenge to the dismissal failed. According to a Law Gazette report, David Joseph, a forensic services partner at Deloitte’s Zurich office, was issued with a notice of retirement last year following an investigation into his conduct. It was widely reported that the firm found Joseph to be ‘bullying’ and ‘manipulative’, and that he created a ‘toxic working environment’. The firm also criticised Joseph’s use of expenses. Joseph went to the High Court to force Deloitte to convene a meeting of its 1 700 equity partners to review his dismissal. His claim was rejected, with the judge ruling that the request for a full partner meeting fell outside the time permitted. Joseph seeks to appeal the decision. In Joseph v Deloitte, Justice Whipple ordered that Joseph provide £125 000 to Deloitte by way of interim payment. The Big Four firm has racked up a total of £300 724 in legal costs, which Whipple called ‘rather excessive’. Meanwhile, Joseph has spent £138 225 on legal fees so far, according to the judgment. Under the notice of retirement Joseph’s partnership will terminate on 31 January.

Full Law Gazette report

Judgment (in French)

Working Smart

By Lee Rossini

Identifying and focussing on certain niche markets offers opportunities for financial advisers willing to delve deeper into specialised segments. But what are niche markets, and what role can they play in a financial advice business? At its core, a niche market refers to a subset of a larger market with its own distinct needs, preferences, and demands. These markets are often characterised by their specificity, catering to a particular demographic, industry, or interest group. While mainstream markets target broader audiences, niche markets focus on serving a more specialised clientele.

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