Gibson Dunn snaps up Weil’s private funds team in City expansion Law Law firm Gibson Dunn is set to snap up a team of almost 40 private funds lawyers in London from Weil, Gotshal, and Manges, as the storied US law firm prepares to wind down after nearly a century. Gibson Dunn, the law firm which led on the UK side of Space X’s $75bn stock market [...]
Weil’s ‘Titanic’ ordeal rocks firm’s London lawyers Law The unravelling of one of the world’s most prestigious law firms, Weil, Gotshal & Manges, has shaken its London lawyers, with one partner describing it as “a Titanic situation.” “This is probably the worst succession planning in legal history,” a former Weil partner told City AM. “I’m shocked about this…It’s crazy to me this is [...]
Possible tax hikes for LLPs in Budget may ‘distort’ the market and push firms overseas Prof Services Despite the professional services sector dodging tax hikes on LLPs in last year’s Budget, it remains unclear whether Chancellor John Healey will impose tax changes this time round, but Rosie Harris-Davison writes that experts have warned against any tax burdens on the sector. In the lead-up to last year’s Budget, whispers circulated for weeks that [...]
Lawyers warned they carry the can for juniors using AI October 22, 2026 Lawyers have been warned they remain accountable for supervising AI use within their law firm, particularly when junior employees are operating the technology. The Law Society, an independent body that represents solicitors in England and Wales, issued new guidance on Wednesday setting out the appropriate use of AI in legal work, meaning lawyers cannot blame [...]
As Weil eyes a merger, who is a sizeable suitor? October 22, 2026 US heavyweight law firm Weil Gotshal and Manges is reportedly pursuing a merger with another law firm and is in active discussions, fuelling speculation across the legal sector about the likely contenders. Leadership at the New York-headquartered firm, renowned as a powerhouse in corporate restructuring, private equity, and mergers and acquisitions, reportedly told top partners [...]
Law firms’ billing model faces disruption as clients turn to AI DIY advice October 15, 2026 Law firms are facing a new challenge as corporate clients are increasingly using their own in-house legal teams and AI tools to do legal work themselves, threatening the traditional growth and revenue model. According to new research from HSBC in their yearly UK Law Firm Strategy and Investment Survey, almost three-quarters of 100 law firms [...]
‘It’s a s**t show’ – Legal 500 accidentally publishes damning barrister reviews October 2, 2026 Legal 500 has been forced to take down its site after the firm mistakenly published negative reviews alongside its top lawyer rankings. The publisher, which evaluates law firms, solicitors and barristers across 100 countries, pulled its site on Friday for “maintenance” after it had emerged bad reviews were accidentally accompanying the profiles of those who [...]
Legal sector warns against tax ‘raid’ proposal on client account interest ahead of Budget September 29, 2026 London’s legal sector has sounded the alarm over government plans to cut interest on law firms’ client accounts to fund the justice department, warning it could drive some law firms out of business. The Ministry of Justice’s consultation on a proposal to introduce an Interest on Lawyers’ Client Accounts Scheme (ICLA) closed in March after [...]
City law firm to rebrand after co-founder demands name be stripped September 24, 2026 The co-founder of a City-based law firm behind the largest group claim in UK history against mining giant BHP said he will file a cease-and-desist to have his name removed after the firm initiated legal action against its own clients in the claim. US disputes lawyer Harris Pogust, who co-founded Pogust Goodhead (formerly PGMBM) alongside [...]
Legal AI giant Harvey picks London to lead pro bono push September 22, 2026 Legal AI firm Harvey has chosen London to launch a new product designed to help lawyers tackle pro bono work, as the US-headquartered start-up looks to accelerate its growth into new areas of the legal industry. The new pro bono offering, launched in London and available to Harvey’s customers in the UK, US and Australia [...]