By: Maria Ward-Brennan

Professional Services Editor Maria Ward-Brennan is the Professional Services Editor at City AM, focused on law, Big Four, and other management and accounting consulting firms. She was previously a litigation reporter at The Lawyer. Contact her via email at maria.ward-brennan@cityam.com or X (Twitter) @MariaW_B.

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EY avoids judgment in £2bn case as Alvarez & Marsal reach ‘confidential agreement’

February 2, 2026

The mammoth legal fight against the Big Four giant EY over its auditing of a former London-listed health giant that collapsed amid fraud allegations has been withdrawn following a settlement. Private hospital operator NMC Health Plc collapsed in April 2020 after being placed into administration, and was delisted from the London Stock Exchange in the [...]
Chair of elite law firm Paul Weiss made personal requests to Jeffrey Epstein

February 2, 2026

The chairman of one of the most prominent law firms in America, Paul Weiss, was included in the US Department of Justice’s latest round of bombshell revelations in relation to disgraced financier Jeffrey Epstein. One of the US’s leading litigators and corporate advisers, Brad Karp has been Paul Weiss’s chairman since 2008. Paul Weiss is [...]
CBI board member Peter Hogg to lead Arcadis’ UK and Ireland business

February 2, 2026

The CBI’s senior council chair, Peter Hogg, has been appointed as Arcadis’ country director for the UK and Ireland, City AM can reveal. Hogg is a 28-year veteran of the global design and consultancy firm and will succeed Simon Bimpson, with a focus on leveraging Arcadis’ position in sustainable design to deliver infrastructure that improves [...]
Hundreds of Treasury jobs at risk in civil servant cost-cutting shakeup

February 2, 2026

Rachel Reeves wants to slash about 300 of her department’s roughly 2,100 staff by 2030, as HM Treasury plans to offer officials up to £100,000 to take voluntary leave.The proposed cuts to the Treasury are part of a wider drive to reduce Whitehall’s administrative costs by 16 per cent, according to the Financial Times. The [...]
FTSE 100 Live: Miners lead stock fall as gold rout deepens

February 2, 2026

Good morning and welcome back to the City AM liveblog. There’s one big event the City is looking towards this week but all signs point to zero surprises. On Thursday, the Bank of England’s monetary policy committee will meet for the first time this year and decide whether to take the chop to interest rates. [...]
‘No comment’: City firms on Starmer China trip keep schtum

January 29, 2026

When Sir Keir Starmer boarded a British Airways flight to Beijing earlier this week, he brought with him a coterie of leaders from British industry to help fly the flag. More than 50 delegates were invited on the PM’s trip, many from top City institutions such as law firm Clifford Chance and accounting giant PwC. [...]
Labour urged to rethink donor incentives for museums amid non-dom exodus

January 29, 2026

The exodus of non-doms from the UK is having a knock-on effect on philanthropy, with museums now urging the government to bring back generous donors. Museums, such as the British Museum and Tate Modern, acquire expensive, world-class paintings primarily through a mix of public funding, major grants from organisations and private philanthropy. However, with the [...]
FTSE 100 Live: Miners lead stock rally; Pound holds onto gains

January 29, 2026

Good morning and welcome back to the City AM liveblog. Is President Donald Trump trying to devalue the dollar? That’s the question many in the City and across global markets were asking yesterday after Trump referred to the dollar dropping 1.3 per cent against a basket of currencies as “great”. The President’s triggered another 0.2 [...]
Law firms, legal tech, and the branding battle royale

January 29, 2026

It seems like every week brings a new AI player on the scene, but now there’s a trend of legal spats over what exactly to call them. AI-focused businesses have been popping up everywhere as demand for the tech surges. According to LawtechUK’s data, the number of UK-founded lawtech companies on its tracker climbed from [...]
KPMG posts strong revenue growth in first UK-Swiss results

January 28, 2026

Big Four giant KPMG has reported revenue of £3.6bn for its year ended 30 September 2025, in its first year of results since the combination of its UK and Swiss businesses. These are the firm’s first results following the merger of the UK and Swiss businesses on 1 October 2024, which showed revenue rose to [...]

Donald Tusk says Nato is falling apart

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By: Maria Ward-Brennan

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