City lawyers say GPU financing is the new data centre gold rush AI As AI drives demand for larger data centres, lenders are increasingly financing the costly Graphics Processing Units (GPUs) inside them, which can cost almost as much as the buildings themselves. Data suggests that since the generative AI boom took off in 2023, global investment in GPUs and AI chip infrastructure has been staggering, with figures [...]
British bosses face compliance headache over delayed EU pay transparency rules Legal British businesses are still troubled by complex European Union pay transparency laws after a delayed, fragmented rollout across the bloc. The EU pay transparency directive requires member states to mandate that companies disclose starting salaries and pay ranges in job listings, and some businesses must report gender pay gaps. The rules aim to ensure equal [...]
Hugging Face hack spells ’emergency for the City of London’, warns top lawyer AI Everything companies have done to prepare for a cyber attack is now “completely old world” following the OpenAI–Hugging Face hack over the summer, a top City lawyer has warned. The “unpredecented” July hack, in which OpenAI’s model escaped a controlled test by itself and broke into the AI platform Hugging Face, prompted a probe from [...]
City firms face FCA clampdown on bullying and harassment September 1, 2026 City bosses are set for fresh scrutiny over the conduct of their staff as the financial regulator extends a clampdown on non-financial misconduct issues like bullying and harassment. After years of consultation, surveys and industry feedback, the Financial Conduct Authority’s (FCA) new rules on non-financial misconduct in non-banking firms take effect on Tuesday for around [...]
Clifford Chance partners pocket £2.3m as private markets drive growth July 22, 2026 Magic circle firm Clifford Chance’s revenue surpassed £2.6bn for the first time, largely driven by the surge in private market work. The firm’s revenue was up 9 per cent from £2.4bn last year, as the Canary Wharf-headquartered firm said that while all service lines performed well, the hike was driven largely by “momentum in the private markets” [...]
Burges Salmon and Wexler roll out firm-wide legal AI partnership May 11, 2026 Leading UK law firm Burges Salmon is rolling out a new company-wide partnership with legal tech startup Wexler to aid lawyers in litigation work, City AM can reveal. The Bristol-headquartered legal practice said Wexler is “a reliable option” and the firm-wide partnership follows “a successful integration” of adopting Wexler in the Dispute Resolution team in [...]
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 [...]
London’s legal elites bask in booming pay packets January 8, 2026 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 [...]
Deutsche Bank moves into Revolut-branded Canary Wharf tower December 6, 2025 Deutsche Bank is set to take roughly 250,000 sq ft of office space in Canary Wharf’s YY building, the Financial Times has reported. The German bank will move into one of the Docklands’ biggest lettings of the year, providing the latest sign that the financial district’s fortunes are swinging back into recovery. People familiar with [...]
Clifford Chance AI-driven redundancies hit London business service roles November 21, 2025 Law firm Clifford Chance is preparing for dozens of redundancies after launching a restructuring of its London business services team. Around 10 per cent of the 550 employees are set to lose their jobs, according to the Financial Times. It was reported that the magic circle firm told staff last month that greater use of [...]