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 [...]
London Stock Exchange Group fails to shake off £131m fraud lawsuit October 19, 2026 LSEG will face a $175m (£131m) fraud and breach of contract lawsuit brought by the former chief executive of a company it acquired, after a US judge denied the London stock exchange-owner’s attempt to dismiss the case. LSEG’s subsidiary Refinitiv, which it bought from Thomson Reuters in 2020, acquired US analytics firm Maystreet in 2022 [...]
American Airlines sues London travel consortium October 15, 2026 Aviation titan American Airlines and one of its special purpose vehicles have filed a lawsuit against a group of British travel agents at the London High Court. The US airline and its subsidiary, AAdvantage Loyalty IP, filed a claim against against Advantage Travel Centres on Tuesday, according to filings in the High Court’s Intellectual Property [...]
Law firms’ billing model faces disruption as clients turn to AI DIY advice October 15, 2026 Law firms are facing a new challenge as corporate clients are increasingly using their own in-house legal teams and AI tools to do legal work themselves, threatening the traditional growth and revenue model. According to new research from HSBC in their yearly UK Law Firm Strategy and Investment Survey, almost three-quarters of 100 law firms [...]
Arrests after police and City watchdog smash ‘criminal insider dealing ring’ October 14, 2026 Three people have been arrested following a joint operation between top cops and the City watchdog following an investigation into a “criminal insider dealing ring”. Over 100 staff from the City watchdog and National Crime Agency (NCA) took part in raids on five residential premises across London and Manchester on Tuesday. Authorities seized more than [...]
Banning non-competes is a hollow victory — firms will just ramp up gardening leave October 14, 2026 The Prime Minister revealed last Friday that the government will curb non-compete clauses in employment contracts, a move that has raised some eyebrows in the City. But despite business pushback over yet another overhaul of employment laws, City lawyers have already been 10 steps ahead with alternatives, Maria Ward-Brennan writes. Andy Burnham, in his speech [...]