You don’t have to be psychopathic to work in the City… but it helps July 15, 2026 The perfect CV? 60 per cent genius and 40 per cent psychopath, says author and former 'Cityboy' Geraint Anderson in today's Notebook.
Magic circle Freshfields ousts equity partners amid US push July 13, 2026 Senior staff are bracing for a shake-up at magic circle law firm Freshfields, as partners have been forced out to boost growth and fund its US expansion. The City-based firm has ousted several equity partners in recent weeks across several European offices, including London, according to the Financial Times, as it focuses on growth. Speaking [...]
Exclusive: PwC set to cut audit jobs amid market slowdown July 9, 2026 PwC is set to slash its headcount in its UK audit division, the latest in a series of redundancies at Big Four accountancy giants. City AM understands that those affected are senior associates and managers in the audit practice. It is understood this is due to low staff attrition in the firm’s audit practice, a [...]
Exclusive: Big Four giant KPMG to cut more jobs July 9, 2026 Big Four giant KPMG is set to lay off around 10 per cent of staff in its UK group corporate services division, City AM understands. The division, which includes HR, corporate affairs, marketing, tech, and procurement, is understood to be cutting around 200 people. A KPMG UK spokesperson told City AM: “As we continue to [...]
BTG Consulting cites poaching from ‘major competitors’ for boosted revenues July 7, 2026 London-listed professional services giant BTG Consulting’s revenue has spiked by 10 per cent for the financial year, partly driven by a push to poach senior talent from top competitors in the City. The consulting firm, previously known as Begbies Traynor before undergoing an official rebrand in February this year, said its revenue for the financial [...]
British consultants face slowdown as corporate spending slumps July 7, 2026 The British consulting industry is set to grow by a single digit this year as the sector faces a slowdown in spending from corporate clients. According to research from the Management Consultancies Association (MCA), the primary representative body for management consulting firms in the UK, the UK consulting sector’s predicted growth for 2026 stands at [...]
Professional services firms can either embrace AI or be swept away by it July 7, 2026 Professional services firms must strategically integrate AI to remain competitive, while ensuring that core human values like trust and judgement remain at the heart of what they do, says Phil Jenkins Professional services firms are at a technological fork in the road. One route involves embracing AI and doing it well. The other, either ignoring [...]
Forvis Mazars and top partner hit with £600,000 fine for audit failings July 2, 2026 The Financial Reporting Council (FRC) has hit accountancy giant Forvis Mazars and a top partner at the firm, David Allen, with a combined £610,537 for audit failings relating to a retail firm listed on the London Stock Exchange’s main market. The FRC said it has issued the fines following an investigation into both Forvis Mazars [...]
Thin end of the wedge? LLPs brace for major tax overhaul July 2, 2026 The maths genius behind trading firm XTX, Alex Gerko, stands high in the rankings of Britain’s top taxpayers, having paid more than £330m to HMRC last year. For good measure, he also handed out more than £150m to charities and good causes in 2025, focusing on education and supporting talented math graduates to pursue PhDs [...]
Consulting giants face up to AI-reckoning June 25, 2026 Shares in major consultancy firms have dropped sharply as investors fret over the impact of AI on the industry. Maria Ward-Brennan and Rosie Harris-Davison look at whether the threat is real. A bloodbath is unfolding across the professional services sector as artificial intelligence (AI) hammers the shares of global consulting giants like Accenture, IBM and [...]