Interpath chief fined for breaching confidentiality rules before KPMG spin-off August 26, 2026 The chief executive of restructuring firm Interpath Advisory has been fined for allegedly breaching confidentiality standards before the company was sold to private equity by Big Four accounting giant KPMG, its former owner. The UK’s accounting body, the Institute of Chartered Accountants of England and Wales (ICAEW), said Mark Raddan, a former KPMG board member, [...]
Incoming FRC chair sits on board of construction group facing criminal probe August 19, 2026 The woman in line to become chair of the Financial Reporting Council (FRC) sits on the board of a company currently under criminal investigation, City AM can reveal. Dame Jayne-Anne Gadhia was named by the government last month as the next chair of the accounting watchdog and is set to take over in September when [...]
Watchdog takes aim at lawyers blaming juniors for AI blunders August 17, 2026 The legal watchdog has called out lawyers responsible for supervising junior staff when false AI-generated citations are put forward to the courts, as senior lawyers “remain accountable” for juniors. The Solicitors Regulation Authority, the legal regulator for over 200,000 English and Welsh solicitors, said in a warning notice issued on Monday that those in charge [...]
Private equity-backed advisory firm acquires specialist music boutique August 14, 2026 Mid-tier accountancy and advisory firm BKL has snapped up a smaller counterpart in its latest acquisition, aiming to strengthen its focus on the music, media, and entertainment sector in London. City-based BKL, which offers tax, accounting, and business advisory services, has snapped up specialist music accountancy firm Dales Evans, as it “continues to expand its [...]
Brompton Bicycle sues former adviser for ‘professional negligence’ August 13, 2026 Folding bike firm Brompton Bicycle is set to sue its former accounting and tax advisor AAB Group for professional negligence, City AM can reveal. London-based Brompton has launched legal action in the High Court against the Scottish-headquartered business advisory firm, according to court records. The defendants are listed as AAB Business & Tax Advisory LLP, [...]
AI gold rush leaves accountancy firms exposed to costly cyberattacks August 12, 2026 Accountancy firms are pouring millions of pounds into AI, but the industry forgot to modernise security systems and is leaving itself exposed to costly cyberattacks. According to a report by software company Fastly, shared with City AM, more than 75 per cent of businesses that identified as AI-first, meaning they had integrated AI into core [...]
Exclusive: Sydney Opera House and Gherkin designer Arup loses finance chief August 5, 2026 The design company behind the Sydney Opera House and Gherkin has been left without a finance chief after the former executive in the role quietly left the business, City AM has learned. Robert Boardman, who spent nearly seven years as chief financial officer at the blue-chip engineering, design, and professional services consultancy, resigned as a [...]
Offshore legal giant Mourant eyes expansion with private equity boost August 4, 2026 Offshore legal heavyweight Mourant is the latest professional services firm to take on private equity investment after MML Capital made a minority investment in the firm. Mourant, an offshore firm that advises on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey, and Luxembourg for the financial industry and institutional investors, has taken [...]
Global advisory giant Brunswick explores capital raise August 3, 2026 City PR and advisory heavyweight Brunswick is reportedly weighing up a fresh cash injection via a sale of a stake in the firm, setting the stage for a punchy windfall for its top executives. Five years after securing a £500m valuation following the sale of a 10.7 per cent stake to US private bank BDT [...]
Boozy lunches still on the menu: Law firms bankroll juniors to schmooze clients in the City July 31, 2026 The long lunch, a cornerstone for corporate workers wooing clients in the City, has been considered to be on the decline with the rise of hybrid working, stretched budgets, and a new cohort of young professionals opting for alcohol-free options. But at law firms, this tradition is not off the menu; instead, it is being [...]