Gibson Dunn snaps up Weil’s private funds team in City expansion Law Law firm Gibson Dunn is set to snap up a team of almost 40 private funds lawyers in London from Weil, Gotshal, and Manges, as the storied US law firm prepares to wind down after nearly a century. Gibson Dunn, the law firm which led on the UK side of Space X’s $75bn stock market [...]
Lawyers warned they carry the can for juniors using AI Legal Lawyers have been warned they remain accountable for supervising AI use within their law firm, particularly when junior employees are operating the technology. The Law Society, an independent body that represents solicitors in England and Wales, issued new guidance on Wednesday setting out the appropriate use of AI in legal work, meaning lawyers cannot blame [...]
Legal sector warns against tax ‘raid’ proposal on client account interest ahead of Budget Legal London’s legal sector has sounded the alarm over government plans to cut interest on law firms’ client accounts to fund the justice department, warning it could drive some law firms out of business. The Ministry of Justice’s consultation on a proposal to introduce an Interest on Lawyers’ Client Accounts Scheme (ICLA) closed in March after [...]
Legal sector hits £60bn as top City lawyers pocket millions April 16, 2026 Despite a backdrop of global economic uncertainty, the legal profession has solidified its position as a £60bn powerhouse, with top City lawyers bringing home multi-million pound pay packets. Law firms are experiencing their highest growth in more than 15 years, according to a new report by the Law Society. The average earnings for law firms [...]
‘Significant backlog’ for Tribunal cases as new workers’ rights come into law April 8, 2026 Concerns have been raised about the “ongoing and significant” backlog at the Employment Tribunal as new worker rights come into play this week. The Law Society, while welcoming the launch of the Fair Work Agency (FWA), raised concerns that the new agency will be equipped to tackle the case backlog. Between Monday and Tuesday, a [...]
Law Society slams Labour’s ‘crude’ stealth tax on legal clients February 10, 2026 The Law Society issued a blistering response to the government’s proposal to take the interest law firms earn on money sitting in their client accounts, branding it a “fundamentally flawed” sector-specific tax that threatens the stability of the wider UK legal economy. Last month, the Ministry of Justice opened a consultation on a proposal to [...]
Law Society welcomes crypto’s new legal status December 8, 2025 The Law Society has welcomed the government’s new Property (Digital Assets etc) Act, which passed into law last week and places cryptos, NFTs and other digital tokens as personal property. This settles years of uncertainty over whether digital assets could be owned, inherited, or recovered in court – a grey area that has frustrated investors [...]
Lawyers warn Reeves: Don’t destroy £60bn industry over LLPs gambit November 4, 2025 The legal industry has slammed Chancellor Rachel Reeves’ proposed tax hike on LLPs, saying the move “could harm one of the UK’s most globally competitive sectors.” As she aims to fill the fiscal black hole, Reeves is reportedly targeting limited liability partnerships (LLPs) for a tax raid for the first time. The LLP model, used [...]
Legal profession hits back at Robert Jenrick threat against ‘activist’ judges October 13, 2025 Legal bodies representing over 250,000 lawyers have hit back against “politically motivated attacks” on the legal sector as “irresponsible and dangerous”, a week after the shadow justice secretary pledged to sack ‘activist’ judges. Last Tuesday, speaking at the Tory Conference, Robert Jenrick announced a sweeping crackdown on what he describes as “pro-migration bias” in the [...]
HMRC’s new tax adviser legislation puts ‘undue burden’ on professionals September 16, 2025 From next April, tax advisers will be required to register with HMRC and meet certain minimum standards, as a top legal body has warned that this “risks undue burden on professionals.” Following a consultation carried out in 2024, HMRC published its policy paper and draft legislation in July, which outlined a new legal requirement for [...]