Ropes & Gray offers junior lawyers 20 per cent billable credit for AI effort Legal US law firm Ropes & Gray has expanded its programme to give junior lawyers 20 per cent of their billable hours to experiment with generative AI to its European offices, including in the City. The ‘TrAIlblazers’ programme was floated across the firm’s US offices last year, but it is now being implemented in Europe for [...]
HSBC to cough up £230m over dividend tax-fraud claims Banking European banking juggernaut HSBC is set to cough up nearly £230m to settle an investigation relating to tax-fraud claims. The FTSE 100 titan was accused of helping foreign investors evade taxes on dividends through a sophisticated financial manoeuvre known as ‘cum-cum’ trading. This relates to a series of transactions between 2014 and 2019, which were [...]
London’s legal elites bask in booming pay packets Legal While London shivers through a January cold snap, the city’s legal elite are basking in an earnings heatwave as salaries for City lawyers at major law firms have edged up over the last year. Over the 2024/2025 financial year, the average profit per equity partner (PEP) at the big firms, including Linklaters, A&O Shearman, Herbert [...]
Scathing report blames MoJ for wasting public funds and failing justice system January 7, 2026 A new scathing Public Accounts Committee (PAC) report on the Ministry of Justice (MoJ) revealed that a cyberattack last year at the Legal Aid Agency gave hackers access to sensitive providers’ and data for four months. There was a cyberattack on the Legal Aid Agency last year that took the services offline for some time [...]
Football-style firings in SMEs: A risky game for business owners January 5, 2026 HR professionals are seeing SMEs start to copy football’s “sack the boss” culture when things go south for the company, but warn that this strategy could turn into an “expensive legal headache”. Managers of major football teams, especially those in the Premier League, can operate like a revolving door when the team is in a [...]
The six-figure club: Associates at elite US legal firms set for bonus boom December 30, 2025 More than 60 per cent of UK workers aren’t expecting a Christmas bonus this year, but that’s not the case for City lawyers, some of who will receive generous six-figure payouts. Many US law firms operate under the Cravath Scale, named after the law firm Cravath, Swaine & Moore, a transparent lockstep system of associate [...]
New Companies House ID rule triggers 30 per cent slump in registrations December 29, 2025 Companies House’s new rules to prevent fraud have sparked a dramatic fall in new company registrations. As of 18 November, a new law came into effect requiring company directors to verify their identity, with failure to do so carrying enforcement risks. The new rules were part of Companies House’s new ID powers, which aim to [...]
The year in law: Scale, survival, and the surge of the transatlantic titans December 23, 2025 From the birth of new transatlantic titans to a government-led rescue of the litigation funding market, 2025 has seen the City’s legal landscape rewritten by a relentless pursuit of scale and a newfound reliance on the machine. The legal sector started the year with US President Donald Trump attacking the industry, as Trump vs Big [...]
Trump sues BBC for $10bn in Florida, citing producers trips to Mar-a-Lago December 16, 2025 US Donald Trump has filed a lawsuit against the BBC in the Southern District of Florida, alleging that BBC producers travelled to Florida to film “significant portions of the [Panorama] documentary”. Last month, Trump threatened to sue the BBC for $1bn over the misleading edit of a Panorama programme, which spliced together two parts of [...]
English Common Law: Britain’s greatest soft power December 11, 2025 From London’s boardrooms to Abu Dhabi’s courtrooms, English law shapes the rules of global business as it quietly but decisively finds itself at the heart of international deals and disputes. The late Joseph S. Nye defined ‘soft power’ in the 1980s as “The ability to affect others to obtain the outcomes one wants through attraction [...]