Business services staff face redundancies at City law firm May 29, 2026 City-based law firm Clyde & Co has launched a restructuring consultation for its business service staff as part of its ongoing strategy to centralise support operations into regional hubs. The firm is proposing to move certain services currently performed by teams within legal support, purchase-to-pay, and IT to its service centres in Glasgow and its [...]
Elite law firm to splash £370m on building own AI tool May 28, 2026 The world’s largest law firm by revenue, Kirkland & Ellis, is investing £370m ($500m) to develop its own custom-built AI platform, challenging competitors that rely on widely used third-party AI tools. The US-based firm, which has a large office in the City, said it plans to spend hundreds of millions over the next three to [...]
Samsung employees bag £310k bonuses as chip boom sends payouts soaring May 28, 2026 Samsung’s AI-fuelled chip boom has delivered eye-watering payouts for thousands of staff, after workers at the South Korean giant voted through a profit-sharing deal worth hundreds of thousands of pounds each. Employees in Samsung’s memory chip division are set to receive bonuses averaging roughly £310,000, mostly in stock, as soaring demand for AI data centre [...]
Pinsent Masons is not the only City law firm walking a dangerous AI tightrope May 28, 2026 A junior lawyer at Pinsent Masons used AI to draft misleading emails for a High Court case, highlighting how generational attitudes and lack of training risk new mistakes as law firms rush to adopt new technology, writes Maria Ward-Brennan. It has been a slow burner, but we finally have the first notable UK law firm [...]
Monzo goes mobile: UK fintech debuts cell service in tie-up with Virgin Media O2 May 28, 2026 Monzo is set to launch its mobile service this summer in the firm’s latest play at diversifying its income from its traditional digital banking roots. The London-based fintech has sealed a tie-up with Virgin Media O2 and 1Global to kick off ‘Monzo Mobile’ – a phone plan and e-sim offering. Virgin will provide the UK [...]
Starmer prepares child social media curbs as pressure mounts on addictive apps May 27, 2026 The government is preparing to tighten restrictions on children’s social media use after a consultation that drew more than 81,000 responses, with ministers expected to target the design of major platforms rather than impose a blanket ban for under-16s. New measures under consideration include restrictions on autoplay videos, infinite scrolling, push notifications, overnight access and [...]
The invisible workforce – why AI agents need new identity rules May 27, 2026 As organisations across the UK deploy AI agents and autonomous workflows, they’reintroducing a new class of digital actor into the enterprise – one that doesn’t authenticate like aperson and doesn’t follow the rules we’ve built for human users. The scale of this shift hasalready triggered structural warnings at the highest levels, with the Bank of [...]
Top spook says Russia ‘relentlessly targeting’ UK infrastructure May 27, 2026 One of Britain’s top spooks is set to warn that Russia is “relentlessly targeting” the country’s critical infrastructure as businesses have been urged to take action on cyber security. GCHQ director Anne Keast-Butler will deliver a speech on Wednesday where she will warn the public about cyberattacks by Russia and other hostile actors targeting the [...]
Small cap tech firm quits LSE to cut costs in latest market blow May 27, 2026 Small-cap semiconductor firm Nanoco Group is quitting the London Stock Exchange in a bid to save £700,000 a year, in the latest setback for Britain’s struggling public markets. The Manchester-based tech business said the annual costs of maintaining its listing had become too burdensome for a company of its size, as it blamed weak liquidity [...]
‘Centre of gravity is shifting’: UK fintech hiring to switch focus from neobanks May 26, 2026 UK fintech is forecast for another hiring surge as the sector matures past the high-growth era of neobanks and focus turns to the rise of software and payments focused firms. Figures from City recruiter Morgan McKinley forecast fintech hiring to rise 14 per cent in 2026, which follows on from a whopping 28 per cent [...]