Barclays Sued for Payment

Uncategorized

May 3, 2010

Pagoda Partners, a Singapore-based recruiter, is suing the British bank Barclays after allegedly referring a high-level candidate from Merrill Lynch but never receiving its fee.

According to the lawsuit, Pagoda sent Barclays the candidate’s resume in January 2009.

However, attorneys for Barclays say the new employee — who earned $348,000 in his first year — was hired as a direct referral after Pagoda failed to set up a meeting, according to the court filing. The attorneys say there was never any agreement for the engagement of Pagoda’s services, court documents reveal.

Barclays says it typically pays search firms between 10%-18% of annual compensation for new hires, with a cap of $123,000.

Get articles like this

in your inbox

The longest running and most trusted source of information serving talent acquisition professionals.

Get articles like this

in your inbox

The longest running and most trusted source of information serving talent acquisition professionals.

Why Do Women Bully Women at Work?

Jim Stroud | Apr 1, 2025

12 Key Takeaways from the 2024 Candidate Experience Benchmark Research

Kevin Grossman | Jan 23, 2025

The Sourcing Role is not Dead. Its evolving… again.

Jim Stroud | Jan 16, 2025

Finding Purple Squirrels in Unusual Places

Ginnette Jamerson | Dec 13, 2024

Does Your Company Trust Its Ability to Hire?

Mark Murphy | Oct 21, 2024