Millions spent, reputations battered: Fraud watchdog, Dechert and ENRC legal war reaches an end Lawsuit Years of bitter litigation, millions of pounds in legal fees, and severe reputational damage: the disastrous, decade-long feud between a Kazakh mining giant, the Serious Fraud Office (SFO), and a heavy-hitting City law firm has finally ended with a confidential settlement. Mining firm Eurasian Natural Resources Corporation (ENRC) launched legal action against the law firm [...]
Goldman: Junior white-collar workers squeezed hardest by AI hiring slump AI Artificial intelligence is beginning to weigh most heavily on junior white-collar jobs, according to Goldman Sachs, as new research points to a growing divide between workers entering industries such as consulting and advertising, and their more experienced colleagues. The Wall Street bank analysed employment across more than 800 occupations and found that AI-related hiring pressures [...]
Donald Trump ushers in 2026 with series of white-collar pardons Legal US President Donald Trump has pardoned or reduced the sentences of 10 people convicted of fraud and other white-collar crimes over the past 10 days. Out of the 21 clemency grants Trump has issued since 15 January, 10 were for people convicted of fraud and white-collar crimes, according to the Financial Times. This follows his [...]
Nick Ephgrave announces surprise retirement from Serious Fraud Office January 15, 2026 Nick Ephgrave will step down as director of the Serious Fraud Office (SFO) two and a half years before his first term was due to finish. The former assistant commissioner of the Metropolitan Police was appointed as the SFO’s director, taking over from Lisa Osofsky, who oversaw several errors during her tenure. Ephgrave was the [...]
Exclusive: Tory peer Lord Garnier joins Pillsbury amid London expansion November 4, 2025 Tory peer Lord Edward Garnier is joining US law firm Pillsbury as senior counsel, as it continues its expansion into the City, City AM can reveal. Lord Garnier KC, currently a member of the House of Lords, served as Solicitor General under David Cameron. He was MP for Harborough from 1992 to 2017. The barrister, [...]
Fraud prevention firm SEON raises $80m amid growing compliance demands September 16, 2025 SEON, an AI-driven fraud prevention and compliance platform, has closed an $80m (£58.7m) Series C funding round led by Sixth Street Growth, bringing total investment to $187m. The company, based in Budapest and Austin, analyses tens of millions of customer interactions daily for clients including Revolut, Plaid, Spotify, Afterpay, and Entain. Its platform, delivered via [...]
Klarna boss: AI will lead to recession and mass job losses June 7, 2025 The introduction of AI at firms could lead to a recession due to mass job losses of professionals, Klarna’s chief executive has warned. The use of AI to make work more efficient has been encouraged by leading figures, including the government itself which said it could save civil servants two weeks a year. But fintech [...]
Trump’s halt on foreign bribery offers ‘unique opportunity’ for Serious Fraud Office February 14, 2025 President Trump's plans to halt the ban foreign bribery law has created a "unique opportunity" for Serious Fraud Office to display leadership, says lawyers