Lawyers to rethink personal tax structures as Reeves set to target LLPs October 28, 2025 Chancellor Rachel Reeves’s proposed tax raid on LLPs may force partners to work longer or reconsider their retirement plans, with significant financial implications for many professionals. It was reported last week that Reeves is targeting limited liability partnerships (LLPs) in a tax raid as she tries to fill a fiscal black hole. The proposed 15 [...]
Nik Storonsky-backed Robin AI seeks rescue buyer after fundraise falls short October 28, 2025 An AI business backed by the likes of Revolut co-founder Nik Storonsky is seeking a rescue buyer after its fundraising ambitions fell short, City AM can reveal. London-based legal firm Robin AI has been put up for sale on an insolvency marketplace – meaning its future could be in doubt if a buyer is not [...]
Treasury’s LLP tax proposal could add £46,000 burden per partner October 23, 2025 Law firms’ partners could face an additional £1.4bn in tax each year if the Treasury goes ahead with imposing a 15 per cent rate of national insurance contributions on LLPs. According to data provided by HMRC to UHY Hacker Young, partners of law firms made a total of £9.2bn in profits in the latest year. [...]
Lawyers sound alarm over Rachel Reeves’ proposed tax target on LLPs October 22, 2025 The Chancellor is reportedly looking to target limited liability partnerships (LLPs) for a tax raid as she tries to fill the fiscal black hole, but critics warn that this move will have consequences for the professional services sector. The LLP model, used by professional services such as law firms, accountancy, and some doctors (GPs), came into force [...]
Fully remote with no associates: Meet the ‘elite’ law firm of the future October 22, 2025 US lawyers Michael Pierson and Joel Ferdinand joined forces “with the vision to build the elite law firm of the future”, going in the opposite direction of the traditional market with a tech-focused, full-service approach. Oh, and no offices. And no associates. Founded in January 2024, New York-based Pierson Ferdinand became the largest law firm [...]
UK legal sector sees strong growth but AI puts pressure on hourly billing system October 20, 2025 The legal sector in the UK continues to outperform despite challenging market conditions but the uncertainty around cyber attacks could impede firms’ strategic objectives. According to the PwC Law Firm Survey 2025, the Top 10 law firms have reported UK fee income growth of 8.1 per cent, compared to 5.2 per cent across all international [...]
Reed Smith latest to enter fledgling Saudi legal market October 20, 2025 Transatlantic law firm Reed Smith has stormed into Saudi Arabia, becoming the latest international law firm to plant its flag in the Kingdom’s new legal market. Two years ago, Saudi Arabia changed its law to allow foreign law firms to operate independently. The Saudi government’s strategy was to attract international business and legal expertise for [...]
Ousted CEO and mounting debts: the lawyers behind £36bn BHP lawsuit October 16, 2025 The law firm behind the most significant litigation to ever hit the English High Court has been lighting up headlines recently due to allegations around internal issues at the group. Back in 2018, in Liverpool, barrister Tom Goodhead and US lawyer Harris Pogust founded a law firm using an alternative business structure that focused on large-scale group [...]
Leeds Reforms trigger wave of recruitment in legal banking October 14, 2025 Job vacancies for banking lawyers are expected to soar, driven by the government’s Leeds Reforms which seek to unlock capital and overhaul the ring-fencing framework. Labour market analytics from Vacancysoft reveal that Britain’s legal sector is predicting significant growth in banking roles, both in private practice and in-house at major banks. The report projected a [...]
High Court showdown: Mercedes, Ford and Renault stand accused in Dieselgate trial October 13, 2025 Car manufacturing giants, including Mercedes, Ford and Renault, are set to face a lengthy trial at the High Court over allegations they cheated emissions tests. Knicknamed Dieselgate, the largest group claim ever brought in the UK, is set to kick off at the court on Monday morning for a 10-week trial in front of Lady [...]