Russian propaganda website hit with record ‘pink slime’ payout at High Court Life&Style An Uzbek businessman has been awarded £105,000 in damages and £117,663.38 in legal costs after winning a defamation suit against a UK publishing network – the largest publicly reported payout in a so-called ‘pink slime’ case. A City AM investigation into British publisher 2Trom was presented as evidence in the High Court case after we [...]
Offshore legal giant Mourant eyes expansion with private equity boost Prof Services Offshore legal heavyweight Mourant is the latest professional services firm to take on private equity investment after MML Capital made a minority investment in the firm. Mourant, an offshore firm that advises on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey, and Luxembourg for the financial industry and institutional investors, has taken [...]
Luminance’s boss: Why building our own AI beats ‘rented intelligence’ Legal Amid a surge of legal AI tech firms coming to market, concerns are emerging about ‘rented intelligence,’ with some companies criticised for simply putting their logos on technology developed by others. In contrast, Luminance insists it is focused on the bigger picture, betting its future on AI models it has built in-house. Speaking to City [...]
‘Landmark moment’ – AI law firm wins its first-ever court battle June 22, 2026 In a global legal first, an AI-powered law firm that has regulatory approval has won its first court trial. Garfield AI, the world’s first AI law firm authorised and regulated by the Solicitors Regulation Authority (SRA), has just been successful in a small claim for a freelancer to win against a hospitality business. The case [...]
Manchester City and Chelsea boosted by lawyer’s compensation claims verdict June 22, 2026 Any football clubs seeking to bring compensation claims in the wake of Burnley’s landmark £40m award will face significant hurdles, a former Premier League lawyer has warned. The decision by an independent disciplinary commission earlier this month to order Everton to pay an eight-figure sum to Burnley has been tipped to trigger a landslide of [...]
City law firms ‘sleepwalking into a crisis’ over AI overreliance June 18, 2026 As legal tech valuations skyrocket, and AI dominates the airwaves, City law firms have been warned they are ‘sleepwalking into a crisis of judgment’ by treating AI as a definitive authority rather than a collaborative tool. A report by Positive Group, exclusively shared with City AM, stated that the legal sector faces a potential crisis [...]
‘Bogus claim’: Ryanair hits back at watchdog probe into family seating policy June 11, 2026 Ryanair is under investigation by the British competition watchdog over its policy that parents must pay to sit with their children. The Competition and Markets Authority (CMA) has launched a probe into Ryanair’s terms and conditions (T&Cs), which require at least one parent to sit with their children aged 2-11 when they fly and make [...]
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 [...]
Private equity boom slows down as the deal bar rises for City firms May 29, 2026 Private equity interest in professional services remains, but the era of easy deals is over as most attractive targets have already been acquired, and investors are now more selective, writes Maria Ward-Brennan. The bubble around private equity interest in the professional services industry has started to deflate, as most of the “low-hanging fruit” has already [...]
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 [...]