By: Rosie Harris-Davison

News Reporter Rosie Harris-Davison is a News Reporter in the Professional Services team, covering the Big Four, law, advisory, and beyond. She previously wrote about tech policy, regulation, and litigation for specialist legal publication Lexology. Email Rosie at rosie.harris-davison@cityam.com.

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LSE draws up ‘worst case scenario’ US listing flight risk

June 28, 2026

The London Stock Exchange is preparing for as many as 20 FTSE 100-listed companies to move their direct listings to New York, according to reports, in a move that would leave a £2bn gap in the Treasury’s earnings from stamp duty on share trades. The exchange has drawn up a worst-case scenario plan in which [...]
Top Burnham adviser calls for capital gains and inheritance tax hikes

June 28, 2026

Andy Burnham’s top adviser has called for capital gains and inheritance tax to be hiked and the fiscal rules to be loosened so the government can borrow billions. Ex-transport secretary Louise Haigh, who led Burnham’s Makerfield campaign and is set to take a senior position in his Cabinet, is also pushing to dismantle the Treasury. [...]
Two solicitors linked to Post Office scandal charged with misconduct

June 25, 2026

Two solicitors have been charged with alleged misconduct in relation to the Horizon IT scandal and have been referred to The Solicitors Disciplinary Tribunal. The Solicitors Regulation Authority (SRA), the legal regulator for English and Welsh solicitors, said it is taking action against Jane MacLeod, the former Post Office general counsel from 2015 to 2019, [...]
City law firm lands record £36bn BHP case

June 25, 2026

City-based law firm Quinn Emmanuel has been appointed to lead litigation on a £36bn claim against BHP, one of the largest class action claims in UK history. Another London-based law firm, Pogust Goodhead, is leading the claim against the mining giant over a 2015 collapse of a dam in Brazil, and said on Wednesday it [...]
Consulting giants face up to AI-reckoning

June 25, 2026

Shares in major consultancy firms have dropped sharply as investors fret over the impact of AI on the industry. Maria Ward-Brennan and Rosie Harris-Davison look at whether the threat is real. A bloodbath is unfolding across the professional services sector as artificial intelligence (AI) hammers the shares of global consulting giants like Accenture, IBM and [...]
City law firm Shoosmiths launches Microsoft-led AI tool for junior lawyers

June 24, 2026

City law firm Shoosmiths has launched a generative AI tool built with tech giant Microsoft to assist junior lawyers firm-wide in reviewing contracts. The firm said the tool is trained on insight from lawyers at Shoosmiths, including from its M&A practice, and follows a year-long pilot and building programme with Microsoft to enable junior lawyers [...]
KPMG chair and senior partners to quit firm over audit scandal fallout

June 23, 2026

KPMG Australia’s chair will leave the Big Four firm in the fallout of a scandal over misusing confidential client data to win audit contracts, along with two senior partners. Martin Sheppard, who has held his position as chairman since 2023, will “shortly” resign from his position at KPMG to be replaced with an independent chair, [...]
City law firm denies ties to KPMG Australia scandal

June 22, 2026

City-headquartered law firm Ashurst has denied its involvement in investigating allegations at KPMG Australia as the Big Four firms’ scandal fallout continues to heat up down under. Ashurst reportedly carried out an investigation from June to August 2025 over allegations made by a whistleblower against an unnamed former executive, following the Big Four firm conducting [...]
Coca-Cola brings in restructuring lineup over failed Costa sale

June 22, 2026

US beverage giant Coca-Cola has called in a team of restructuring experts to advise on the failed sale of high street drinks retailer Costa Coffee last year. Consultancy firms Alvarez & Marsal and Alix Partners, which both have prominent City presences, are reportedly advising the coffee chain after an attempt to sell it off was [...]
Regulator wins decade-long pricing tussle with Pfizer

June 19, 2026

The UK competition watchdog has won permission to appeal in a case against US pharmaceutical giant Pfizer after a long-running legal battle over allegations of excessive pricing, overturning a previous decision by the Tribunal. The court said the Competition Appeal Tribunal (CAT), was “wrong to set aside the [Competition and Market’s Authority’s] decision” in relation to [...]

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By: Rosie Harris-Davison

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