BCG faces HMRC tax probe in consulting sector crackdown Consulting Boston Consulting Group (BCG) is the latest professional services firm to be scrutinised by HMRC over its partnership structure and tax calculations for senior staff. The tax authority is conducting an inquiry into how the consulting group determines whether its partners are technically self-employed or employees for income tax and national insurance contribution (NIC) purposes, [...]
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 [...]
Weil’s ‘Titanic’ ordeal rocks firm’s London lawyers Law The unravelling of one of the world’s most prestigious law firms, Weil, Gotshal & Manges, has shaken its London lawyers, with one partner describing it as “a Titanic situation.” “This is probably the worst succession planning in legal history,” a former Weil partner told City AM. “I’m shocked about this…It’s crazy to me this is [...]
Budget 2026: Government to ‘act soon’ to address gender pay gap and pay transparency October 28, 2026 The government is addressing “calls” to introduce mandatory pay transparency in job adverts and tackle gender pay gaps at firms, chancellor John Healey said in his Budget. Healey said he has “heard calls” to introduce the measure that will ensure employers will be required to disclose salary ranges on job listings, as well as confirming [...]
Labour workers’ rights overhaul to inflict ‘negative’ hit on economy, OBR says October 28, 2026 Britain’s fiscal watchdog has warned Labour’s overhaul of workers’ rights will have a “negative economic impact” as the cost to businesses will far outstrip any boost to workers’ productivity. The government’s sweeping employment reforms in its landmark Employment Rights Act (ERA) have reduced the qualifying period for unfair dismissal to six months, removed the compensation [...]
Revolut founder accused of hatching a ‘scheme’ to avoid fees in superyacht row October 26, 2026 The billionaire founder of Revolut has been accused of hatching a “scheme” to avoid paying brokerage fees in a row over a superyacht said to cost €350m. In new legal filings, seen by City AM, Nik Storonsky is accused by a luxury superyacht broker of “secretly negotiating” to buy the vessel “behind the back” of [...]
Top court rejects Tesco appeal in ‘equal pay’ case October 23, 2026 The Supreme Court has blocked Tesco from appealing a key ruling in a long-running equal pay claim brought by more than 16,000 shop workers. Tesco is one of several UK supermarkets caught in a legal battle over allegations that it underpays its store workers, mainly women, compared with distribution centre workers, who are mostly men. [...]
Lawyers warned they carry the can for juniors using AI October 22, 2026 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 [...]
Legora fetches $8.8bn valuation in latest funding round October 21, 2026 Legal tech firm Legora has raised $550m (£410m) in Series E funding at an $8.8bn valuation as it expands its footprint in the US, Europe, and the Asia-Pacific region. The Stockholm-based startup, which creates AI tools for law and professional services firms and corporate in-house legal teams to draft and review documents, said on Wednesday [...]
Companies to shoulder responsibility for harassment outside the office October 21, 2026 Businesses will face harassment risks beyond their own workplaces, including at client meetings, events, and in interactions with suppliers and service providers, as new employment laws take effect at the end of this month. Currently, employers face direct liability only for harassment committed by their own staff. But on 30 October the UK government will [...]