Law Firm Offers 20% Billable Credit for AI Effort
US law firm Ropes & Gray expands its 'TrAIlblazers' programme to Europe, allowing junior lawyers to dedicate 20% of billable hours to generative AI. Discover how this shapes legal tech.
Category : Search result: law firm losses
Trading Firm Settles Lawsuit Over iPad Secret Theft
A London trading firm has settled a High Court case against a former quant it accused of using an iPad to copy confidential trading strategies. Read the full details.
Sullivan & Cromwell Poaches A&O Shearman Finance Partner
US law firm Sullivan & Cromwell has recruited finance partner James Duncan from A&O Shearman in London, bolstering its leveraged finance and private credit capabilities. Read the full story.
Glencore and Rio Tinto in World's Largest Mining Merger Talks
Glencore and Rio Tinto are in preliminary talks that could lead to an all-share merger, creating the world's largest mining firm. The deadline for a decision is 5 February 2026. Read the latest.
Latham & Watkins raids A&O Shearman for 10 lawyers
Latham & Watkins has hired a 10-lawyer team from A&O Shearman in London, including a senior partner, in a significant post-merger talent grab. Discover the details and implications for the legal sector.
Law Firm's £95m Loss Raises "Material Uncertainty" Warning
Pogust Goodhead posts a £95m annual loss as auditors flag concerns over its future. The firm blames litigation costs and pins hopes on US hedge fund backing. Read the full report.
Hogan Lovells Partner Promotions Flat Ahead of US Merger
Global law firm Hogan Lovells announces 28 new partner promotions, maintaining last year's figure as it prepares for a major US merger with Shearman & Sterling. Explore the strategic implications.
Faulty AI Advice Causing Financial Losses for UK Businesses
Half of UK accountants report clients losing money due to AI-generated financial errors. As HMRC ramps up enforcement, experts warn of severe consequences without professional oversight.
EY signs long-term London HQ lease until 2040
Big Four firm EY has signed a new lease to remain in its London headquarters until 2040, a significant commitment to the UK capital's commercial property market. Read the full details.
Probate nightmare as law firm shuts down, holding files hostage
A woman from Cornwall is trapped in a probate crisis after her solicitor ceased trading, locking her out of her late father's estate. The SRA has intervened, but warns others may face similar delays.
Global Media loses £140m despite £898m revenue
Media giant Global, owner of LBC and Capital, reports a £140m pre-tax loss as turnover climbs to £898m. Discover the financial details and regional performance of the UK's leading radio and outdoor advertising group.
Motorway takes £25m loan after losses widen to £37.3m
Used car marketplace Motorway has agreed a £25m loan after reporting a £37.3m pre-tax loss for 2024. CEO Tom Leathes says the focus is on long-term growth infrastructure.
Nancy defiant after Celtic's Old Firm loss to Rangers
Wilfried Nancy insists he can revive Celtic's fortunes after a 3-1 defeat to Rangers. The loss leaves the Bhoys level on points with their rivals, with pressure mounting on the new boss.
Rangers beat Celtic 3-1 to deepen crisis for manager Nancy
Youssef Chermiti's brace inspires Rangers to a crucial 3-1 Old Firm victory over Celtic, leaving manager Wilfried Nancy on the brink after a sixth defeat in eight games.
Hearts Lead as Celtic & Rangers Face Crucial Old Firm Derby
Hearts top the Scottish Premiership as Celtic and Rangers, with 38 and 35 points, prepare for a pivotal New Year derby. Kick-off at Celtic Park is 12.30pm GMT.
Premier League & Old Firm Derby Headline Saturday Football
Aston Villa host Nottingham Forest, Celtic face Rangers in a pivotal Old Firm clash, and Arsenal visit Bournemouth. Plus, Afcon last 16 action and European football.
Celtic boss Nancy pleads for patience ahead of Rangers clash
Under-fire Celtic manager Wilfried Nancy asks for context and time after a dismal start, with his job under threat if Rangers win the crucial Old Firm derby this Saturday.
Weekend Sports: Darts Final, Ashes & Old Firm Derby
Your complete guide to a packed weekend of sport, featuring the PDC World Darts Championship final, the fifth Ashes Test, and the crucial Old Firm derby. Follow all the action with our live coverage.
Clifford Chance's best-paid partner got £7m last year
The highest-earning partner at magic circle law firm Clifford Chance was paid over £7m last year, new filings show. Explore the firm's financial performance and partner pay structure.
One Four Nine Fund cuts losses amid sale talks
Copper Street Capital's One Four Nine fund reduced its annual loss to £1.4m as parent company enters exclusive sale negotiations. Discover the latest on this London investment story.
Obituary: Journalist and Lawyer Mike Karin Dies Aged 59
Mike Karin, a former Loaded magazine editor turned Bangkok law firm partner, has died unexpectedly at 59. Read about his unique career spanning journalism and international law.
Linklaters' staff costs jump £115m as pay battle intensifies
Magic Circle law firm Linklaters reports a £115m surge in employee costs, highlighting fierce competition for top legal talent and rising salaries across the UK sector.
Starmer's cautious stance on human rights scrutinised
Prime Minister Keir Starmer's approach to human rights law is under the microscope. Has the former lawyer abandoned his principles? Read our analysis of Labour's mixed record.
Sanders Calls for AI Datacentre Moratorium Over Job Fears
US Senator Bernie Sanders calls AI 'the most consequential technology' and demands a slowdown, while Republican Katie Britt proposes criminal liability for harmful AI chatbots targeting minors.
2025's Costliest Climate Disasters: $120bn in Insured Losses
Christian Aid's report reveals 2025's top 10 climate disasters caused over $120bn in insured losses. From SE Asia cyclones to California fires, the human and financial toll is mounting. Urgent action on fossil fuels is needed.
UK's Ickenham Travel Group goes bust after 55 years
The Ickenham Travel Group has ceased trading after 55 years. Learn about ATOL protection, refund options, and crucial steps for affected customers.
Algeria Passes Law Declaring French Colonisation a Crime
Algeria's parliament has unanimously approved a law declaring France's 132-year colonisation a 'state crime', demanding an apology and reparations. Explore the details and diplomatic fallout.
Freshfields gives Gen Z students resilience training
Magic Circle law firm Freshfields Bruckhaus Deringer introduces a new resilience programme for its Gen Z trainees, aiming to equip them with tools to manage workplace pressures and improve mental wellbeing. Discover how the legal sector is adapting.
Pinsent Masons' best-paid partner sees remuneration fall to £1.27m
The highest-earning partner at law firm Pinsent Masons received £1.27m last year, a significant drop from £1.7m, as firm profits softened. Discover the financial details and strategic outlook.
2025 Legal Year: Mergers, AI & Justice System Crisis
From the rise of transatlantic law giants and AI reshaping fees to a crumbling justice system, we review the seismic shifts that defined the UK legal sector in 2025. Discover the key trends.
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