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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How the NHS backlog fuelled a private equity gold rush in UK health market

September 8, 2026

Private equity firms are circling the UK’s healthcare market as NHS backlogs push a wave of patients towards private providers, experts have said. Britain’s biggest private hospital operator, Spire Healthcare, which operates 38 private hospitals, on Sunday agreed to a £1bn takeover by Toscafund Asset Management. Earlier this year, private healthcare property firm Assura agreed [...]
UK government slashes corporate red tape, cutting paperwork ‘longer than The Hobbit’

September 7, 2026

Ministers have announced sweeping reforms to corporate reporting, aiming to save businesses over £450m annually by ditching “Hobbit-length” paperwork. Under the overhaul, small and medium-sized enterprises (SMEs), including local family firms, will be exempt from certain reporting forms and audits, aiming to save businesses thousands of pounds and hours of administrative work. The Department for [...]
Next dodges ‘hammer blow’ with equal pay court victory

September 7, 2026

Retail giant Next has won an equal pay appeal allowing it to pay warehouse workers more than shop-floor staff, warning that its defeat “would have represented a hammer blow to retail employment in the UK”. The FTSE 100 retailer told shareholders on Monday that it was justified in paying its warehouse operatives a higher rate [...]
Lawyer struck off for using fake AI evidence in his own disciplinary case

September 4, 2026

An immigration lawyer who was referred to a Tribunal after a criminal conviction has been struck off after using AI-generated evidence as part of his own defence. Abhishek Kumar, 41, a registered foreign lawyer, was referred to the Solicitors Disciplinary Tribunal (SDT) after his 2024 criminal conviction at the Central Criminal Court, after he knowingly [...]
McGill and Partners staff to benefit from EQT’s $2bn insurance broker deal

September 4, 2026

Speciality London-based reinsurance broker McGill and Partners has agreed to a $2bn (£1.48bn) investment by private equity giant EQT. Founded in May 2019 by industry titans Steve McGill and John Lloyd, the firm handles high risks for corporate and institutional clients. In seven years, the broker has grown revenues to more than $250m and expanded [...]
Surge in third-party funding sparks wave in FTSE shareholder lawsuits

September 4, 2026

A surge in the availability of third-party funding has triggered a wave of speculative FTSE shareholder lawsuits as investors seek to cash in on claims of wrongdoing. Over the last year, multiple blue-chip names, including gambling giant Entain, smoking tycoon British American Tobacco (BAT), and fast fashion retailer Boohoo, have been summoned before the High [...]
Lloyd’s boss warns of ‘man-made catastrophes’ as Iran war hits insurance industry

September 4, 2026

Squeezed by inflation and rising geopolitical tensions, the historic insurance market Lloyd’s of London suffered a hit to its profit in the first half of the year. Nowhere was this impact more acute than in its marine business, which faced severe pressure at the height of the US war with Iran. Over the past six [...]
Lloyd’s of London profit slides as bond market jitters bite

September 3, 2026

The world’s leading insurance and reinsurance market has suffered a slump in profit after being weighed down by bond market jitters. Lloyd’s of London took a 16.7 per cent hit to its pre-tax profit £3.5bn for the first six months of 2026. Gross written premiums leapt 6.9 per cent to £34.7bn, up from £32.5bn last [...]
Millions spent, reputations battered: Fraud watchdog, Dechert and ENRC legal war reaches an end

September 2, 2026

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 [...]
Ditch the ‘usual suspects’: Gov.uk founder urges Labour to look beyond Big Four consultants

September 2, 2026

Labour has loudly pledged to slash taxpayer spending on external consultants. However, the founder of a City-based digital consultancy firm told City AM that the government still relies on private firms to plug operational gaps because the civil service previously “got rid of the wrong skills”. Ben Terrett, chief executive and founder of Public Digital, said the [...]

Healey hails ‘new age of industrialisation’ brought by Royal Navy

Should Vuori ditch Draper over injury-hit tennis season?

Two countries, one holiday: Turkey’s glitzy Bodrum and Greece’s unbuttoned Kos

By: Maria Ward-Brennan

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