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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Private equity boom slows down as the deal bar rises for City firms

May 29, 2026

Private equity interest in professional services remains, but the era of easy deals is over as most attractive targets have already been acquired, and investors are now more selective, writes Maria Ward-Brennan. The bubble around private equity interest in the professional services industry has started to deflate, as most of the “low-hanging fruit” has already [...]
Watchdog slaps BDO with £2m fine over serious audit failings

May 28, 2026

Accountancy giant BDO and the former head of its London audit group have been slapped with sanctions by the accounting industry watchdog over its work on the construction engineering firm NMCN. The Financial Reporting Council (FRC) imposed sanctions on the firm and its former partner, Geraint Jones, for significant and serious breaches during the 2019 [...]
Pinsent Masons is not the only City law firm walking a dangerous AI tightrope

May 28, 2026

A junior lawyer at Pinsent Masons used AI to draft misleading emails for a High Court case, highlighting how generational attitudes and lack of training risk new mistakes as law firms rush to adopt new technology, writes Maria Ward-Brennan. It has been a slow burner, but we finally have the first notable UK law firm [...]
Tony Blair accuses Starmer of damaging economy by clinging to manifesto pledges

May 27, 2026

Sir Tony Blair has taken a swipe at Sir Keir Starmer for sticking to campaign pledges from Labour’s 2024 manifesto, which he says are economically damaging and should have been dropped “right at the outset.” In a 5,000-word essay published by his think tank, Labour’s longest serving PM pointed out that Budgets put forward by [...]
Gen Z craze toy maker Jellycat launches legal action against Next and Hamleys

May 26, 2026

Jellycat, the British soft toy company that took Gen-Z by storm, has filed several legal actions in the London High Court over trademark allegations. Lawyers at Stephenson Harwood filed three separate lawsuits last week against retail giants over passing off and trademark allegations, as seen by City AM. The firm, founded by Thomas Gatacre in [...]
Starmer confirms teen rape case sent to Court of Appeal after public outcry

May 26, 2026

The Attorney General has sent a rape case, which saw two teenage boys spared jail, to the Court of Appeal following a political backlash over the weekend against the judge’s ruling. Two teenage boys raped two girls in separate attacks in Fordingbridge, Hampshire, in 2024 and 2025. The third boy, who aided and abetted the [...]
David Lammy rejects higher pay rise for judges amid recruitment crisis

May 26, 2026

David Lammy turned down an independent recommendation for a higher judicial pay increase, instead approving a 3.5 per cent rise amid government efforts to tackle recruitment challenges for senior judges. The Senior Salaries Review Body (SSRB) report, published last week, recommended a 3.8 per cent pay increase across the judiciary, estimated to cost taxpayers around [...]
Businesses brace for more layoffs as redundancy warnings climb to post-Pandemic high

May 22, 2026

Last year emerged as the most severe year for redundancy warnings since the height of the Covid pandemic, and early 2026 is already accelerating that trend. According to new data from the Liquidation Centre, sourced via an FOI, 2025 was the most severe year for redundancy warnings since 2020, with 315,605 jobs flagged for potential [...]
Lawyers for alleged Prince Andrew trafficking victim now in contact with Police

May 22, 2026

The Police confirmed that they are “engaging” with the lawyers of a woman who claims she was trafficked for sex at Andrew Mountbatten-Windsor’s address in Windsor. In its first update on Friday, Thames Valley Police emphasised that if she wishes to report her allegations, they will be “taken seriously and handled with care, sensitivity and [...]
Lawyers say fee hikes punishes profession for regulator blunders

May 21, 2026

The legal watchdog plans to raise its funding by increasing lawyer fees to address past shortfalls, but the legal profession is frustrated, arguing they are being forced to pay for the regulator’s own failures and legacy issues, writes Maria Ward-Brennan. Lawyers are not chuffed at the regulator’s plan to increase its fees in the upcoming [...]

City chairman: Burnham is right to pursue closer ties with the EU

Women’s football doesn’t need to become men’s football to succeed

The Capitalist: City AM reporter gets royal trashing by AI slop

By: Maria Ward-Brennan

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