Mayer Brown: Capital solutions are rewriting the rulebook April 23, 2026 Partner content, in association with international law firm Mayer Brown Historically, capital solutions were often associated with distressed situations or urgent deleveraging. Now, they are being rebranded as growth catalysts. According to Mark Evans, partner at international law firm Mayer Brown, businesses are increasingly relying on capital solutions not only to bolster corporate balance sheets but also [...]
The AI cracks are starting to show at law firms April 23, 2026 Law firms have poured vast sums into AI in a race to modernise, but ‘hallucinations‘ and security concerns are exposing the technology’s risks, writes Maria Ward-Brennan. There has been intense pressure on legal, advisory, and consultancy firms to invest in, embed, and deploy AI over the last couple of years, but this pressure is now [...]
Eight London sites raided in peer-to-peer crypto trading bust April 22, 2026 The City watchdogs, working with HMRC and the Regional Organised Crime Unit, have carried out the first crackdown on illegal crypto trading across multiple London locations. The enforcement targeted eight premises in London suspected of illegal peer-to-peer crypto trading by the Financial Conduct Authority (FCA). The traders were issued cease-and-desist letters at each site, notifying [...]
Proposed consumer lawsuit regime may expose businesses to mass litigation April 22, 2026 The UK government’s proposal for a class-action scheme that allows consumers to collectively sue businesses could wreak havoc if greenlit, as businesses could face ‘increased litigation risk’. The Law Commission, sponsored by the Ministry of Justice (MoJ), proposed project, expected to commence in Autumn 2026, will identify the benefits and risks of introducing a more [...]
End of the runway for Gatwick as top court kicks out insurance lifeline April 22, 2026 Gatwick Investment’s appeal against insurance giant Liberty Mutual has been struck down over whether insurers can deduct government furlough payments from business claims. The Supreme Court ruled that insurers do not have to pay an estimated £1bn to the hospitality and leisure companies involved in the case that suffered financial losses during the pandemic because [...]
Elite law firm apologises for AI ‘hallucinations’ in bankruptcy case April 22, 2026 An elite US law firm has had to apologise to a judge after its restructuring team made a filing in a high-profile case that contained multiple AI generated ‘hallucinations’. The head of Sullivan & Cromwell’s restructuring practice, Andrew Dietderich, apologised in a letter to the New York federal judge for mistakes that included misquoting the [...]
Mike Ashley appeal case confronts ‘unjust’ trademark claims April 21, 2026 Billionaire businessman Mike Ashley‘s company, Sports Direct, is back before the court today as it seeks to challenge damages awarded in a trademark infringement claim. The appeal follows a long-running dispute between Sports Direct and the Beverly Hills Polo Club brand, owned and managed by Lifestyle Equities, which claimed Sports Direct had infringed its trademark through products [...]
As private equity booms, law firm partner moves hit record high April 21, 2026 Partner moves in London’s private equity market are hitting a new high, according to a report that revealed last year’s numbers doubled those of 2024, marking a record for the City’s legal sector. New data from legal search boutique Macrae shows there were 50 movements of partners with practices in the private equity sector in [...]
Clio founder: We may not have the hype of Jude Law, but our data beats any AI rival April 21, 2026 Legal tech Clio’s boss tells senior reporter Maria Ward-Brennan that, with rivals closing in, the firm is betting that proprietary data, not hype, will determine its competitive edge in the AI race.In a competitive landscape, Clio founder and CEO Jack Newton believes his legal tech firm is in a “great position” in the marketplace, because [...]
Top civil servant calls on lawyers advice over Mandelson vetting dismissal April 20, 2026 Sir Olly Robbins, who is set to answer MPs’ questions over Lord Peter Mandelson’s appointment, is reportedly taking legal advice after he was ousted over the vetting scandal. Last week, Robbins, the Foreign Office permanent under-secretary, was dismissed after it emerged that the disgraced Mandelson had been denied clearance in a security vetting process. Mandelson [...]