Former Met police detective sues ex-City lawyer over ENRC hacking claims February 27, 2023 A former Metropolitan police officer has accused an ex-City lawyer of trying to hack his emails to steal information about Kazakh mining company ENRC. Former detective Cameron Findlay has claimed ex-Dechert partner Neil Gerrard orchestrated a campaign of ‘spear-phishing’ attacks against him during a court dispute surrounding the Kazakh firm, US court papers show. A [...]
Monzo and Wise founders back £8.8m Robin AI robot lawyer project February 27, 2023 A City computing company has raised $10.5m (£8.8m) from backers including top execs from Magic Circle law firm Clifford Chance to develop an artificial intelligence (AI) driven, robot lawyer. The founders of fintech firms Monzo and Wise have also thrown their weight behind London’s Robin AI, which is seeking to disrupt the legal sector with [...]
How the metaverse will empower the future of hybrid work February 21, 2023 Jawad Ashraf, CEO and co-founder, Virtua shares his thoughts on how the metaverse will change the way we all work.
ChatGPT might’ve broken the internet – and it could also own anything you create with it February 17, 2023 You could even get sued for defamation for information created by ChatGPT.
UK law firms hold back on layoffs as legal sector revenues continue to soar February 12, 2023 The UK’s legal sector continued to grow in the final months of 2022 despite a downturn in the wider professional services sector. Legal sector revenues increased six per cent from November to December 2022, to heights of £4bn, figures from the UK’s Office for National Statistics show. The uptick came as the UK’s wider services [...]
Criminal prosecutors secure 15 per cent pay hike as part of emergency funding deal February 6, 2023 Criminal prosecutors in England & Wales will be given a 15 per cent pay hike to lure them back to court after striking an emergency funding deal. Barristers will receive the same fees for carrying out both defence and prosecution work after the Crown Prosecution Service (CPS) secured extra cash via a deal with the [...]
Is this the end of law firm IPOs? January 30, 2023 British law firms have traditionally stayed away from public markets. Yet following a series of IPOs over the past eight years, there are now six UK law firms listed on the stock exchange. Gateley became the first UK law firm to launch an IPO in 2015 after floating on London’s alternative investment market (AIM). In [...]
London partners paid 25 per cent more at US law firms, new data shows January 16, 2023 The top US law firms are now paying their London partners significantly more than their British rivals, in another sign of American dominance in the UK legal sector. Partners in the London offices of the top 15 US law firms took away 25 per cent higher payouts than their counterparts in the UK’s top 15 [...]
Wedlake Bell’s rising star on how tech is changing they way City law firms work January 13, 2023 Technology is increasingly changing the way we work, and law firms are no exception. Innovation and new technical solutions are rapidly penetrating the City’s legal powerhouses. At the same time, barristers and other lawyers feel they are not compensated sufficiently for the hard work they put in, prompting thousands to strike earlier this year. To [...]
EXCL – ‘Trainee train drivers get £24k, double the starting income of advocates’, says City legal whizz January 10, 2023 Technology is increasingly changing the way we work, and law firms are no exception. Innovation and new technical solutions are rapidly penetrating the City’s legal powerhouses and this process will only accelerate in 2023. At the same time, barristers and other lawyers feel they are not compensated sufficiently for the hard work they put in, [...]