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 edits the Beyond The Billable newsletter and column. She was previously a litigation reporter at The Lawyer. Contact her via email at maria.ward-brennan@cityam.com or on X @MariaW_B.

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Allen & Overy paid out £2m to settle West Ham stadium dispute

January 10, 2024

Magic circle law firm Allen & Overy has paid out over £2m to settle a legal dispute with the owners of West Ham's stadium.
Quinn Emanuel’s London revenue jumps to shy of £200m

January 10, 2024

US law firm Quinn Emanuel's profits in the City have jumped by nearly 50 per cent over the last year, as litigation booms.
Clyde & Co faces fine after admitting to anti-money laundering failures

January 9, 2024

London law firm Clyde & Co looks set to pay a hefty fine after it admitted today that it failed to comply with anti-money laundering regulations.
Mishcon de Reya enters alternative legal services market with acquisition

January 9, 2024

The firm has acquired flexible legal resourcing business Flex Legal, which was launched in 2016 in order to connect talent with the UK’s best legal teams.
Financial Reporting Council fines against auditors nearly doubled in two years

January 8, 2024

The Financial Reporting Council (FRC) levied record-level fines against auditors after it promised to become more "forceful”.
English lawyers in Europe still face huge challenges after Brexit, legal chief warns

January 8, 2024

English lawyers working in Europe continue to face a host of issues following the UK’s exit from the European Union, the president of Law Society of England and Wales has said, warning it could impact the appeal of working with English Law.
Booming demand for London’s legal market drives record number of City partner moves in 2023

January 8, 2024

Law firms’ partner CVs were flying around the City in 2023, as the year saw the highest number of job moves ever recorded. According to data provided by legal recruiter, Edwards Gibson, there were 510 partner moves recorded over 2023. This figure is up six per cent on the 480 partner moves recorded over 2022, and [...]
Storm Henk will spike insurance claims this time, but extreme weather events require longer-term thinking

January 5, 2024

Storm Henk will undoubtedly cause a spike in insurance claims, but response to rising extreme weather events require a new approach going forward, experts have warned. The storm that battled the UK this week has caused flooding, damaged property and delays to travel as a result of rain and winds up to 80mph. This will [...]
Accountancy watchdog called on to raise threshold for enforcement action

January 4, 2024

An accountancy chief has called on the Financial Reporting Council (FRC) to raise the threshold for enforcement action against auditors. Speaking to the Financial Times, Michael Izza, chief executive of the Institute of Chartered Accountants England and Wales said: “Prior to 2017, if the FRC brought a case against an auditor, the threshold test that [...]
FRC opens probe into a member over the bankrupted Thurrock Council

January 3, 2024

The Financial Reporting Council (FRC) has launched an investigation into the conduct of "a member" in relation to the bankrupted Thurrock Council's accounts.

McKinsey senior partner demoted over controversial social media post

Prem Rugby: Attendances down but Newcastle Red Bulls see ticket surge

London’s new front door for growth opens in the Square Mile.

By: Maria Ward-Brennan

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