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 [...]
Legora fetches $8.8bn valuation in latest funding round Legal 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 [...]
Bellingham leads $10m fund raise of Premier League-backed tech firm Rezzil Sport Business Jobe Bellingham has led a $10m fund raise of Premier League-backed technology firm Rezzil. The 21-year-old Borussia Dortmund midfielder – whose brother Jude starred for England at the Fifa World Cup this summer – is part of the round alongside putting coach Phil Kenyon, who has worked with the likes of Rory McIlroy and Scottie [...]
Meta challenges Ofcom in court for ‘acting irrationally’ in fine and fee pricing October 13, 2026 Meta has challenged the UK regulator in court over how it calculates fees and fines under the UK’s online safety law, as it argued the methods are disproportionate and unlawful. The tech giant has questioned the media regulator, Ofcom, over its definition of ‘qualifying worldwide revenue’, which it uses to calculate financial penalties and fees [...]
Bolt set for £190m VAT bill after legal defeat October 8, 2026 Ride-hailing platform Bolt has been refused permission to appeal a case brought by HMRC over how it calculates and pays its VAT. This follows HMRC winning an appeal in June against the Estonian tech giant over its VAT payments and calculations, overturning earlier decisions that had ruled in Bolt’s favour. The tax authority brought the [...]
Gen Z accountants think AI fluency gives them the edge over managers October 7, 2026 Young accountants are arriving in the sector confident in their AI skills, but a lack of soft skills is emerging as a new workplace divide. According to new findings from financial tech platform Intuit QuickBooks, based on responses from more than 1000 early-career accountants and finance professionals, almost all (90 per cent) said they will [...]
Beazley expands cyber cover for AI malfunctions and regulatory risks September 24, 2026 FTSE 100 insurance giant Beazley has launched a new cyber line for businesses that insures against unintentional regulatory non-compliance and financial and reputational losses as a result of AI system malfunctions. Speaking to City AM, the speciality insurer’s head of cyber risks, Alessandro Lezzi, said the move comes as the firm sees “AI changing the threat [...]
Cyber insurers consider limiting coverage as sector scrambles to price agentic AI risks September 24, 2026 The cyber insurance market is facing a turbulent time as agentic AI hacks pose new challenges and threats. City AM understands underwriters and insurers are considering limiting coverage until they can quantify the risk this tech poses and price it. Cyber insurance has been a fruitful market over the past few years, with a spike [...]
Tech the only bright spot as job security fears climb to highest level since 2023 September 21, 2026 Job security for British workers has fallen to a three-and-a-half year low across all sectors other than IT and telecoms, according to new data from S&P Global’s UK consumer index. The findings, based on a panel of 1,500 UK households, show the level of job insecurity was at its highest since February 2023 as consumers continue to [...]
Big Technologies founder talks collapse as profits rebound from boardroom battle September 14, 2026 Big Technologies’ bitter battle with founder Sara Murray has flared up again after settlement talks collapsed, overshadowing a return to statutory profit and a raised outlook at the electronic monitoring group. The AIM-listed company said on Monday that mediated discussions with Murray had ended without an agreement, meaning it would continue pursuing legal proceedings against [...]