End of the runway for Gatwick as top court kicks out insurance lifeline April 22, 2026 Gatwick Investment’s appeal against insurance giant Liberty Mutual has been struck down over whether insurers can deduct government furlough payments from business claims. The Supreme Court ruled that insurers do not have to pay an estimated £1bn to the hospitality and leisure companies involved in the case that suffered financial losses during the pandemic because [...]
Elite law firm apologises for AI ‘hallucinations’ in bankruptcy case April 22, 2026 An elite US law firm has had to apologise to a judge after its restructuring team made a filing in a high-profile case that contained multiple AI generated ‘hallucinations’. The head of Sullivan & Cromwell’s restructuring practice, Andrew Dietderich, apologised in a letter to the New York federal judge for mistakes that included misquoting the [...]
Mike Ashley appeal case confronts ‘unjust’ trademark claims April 21, 2026 Billionaire businessman Mike Ashley‘s company, Sports Direct, is back before the court today as it seeks to challenge damages awarded in a trademark infringement claim. The appeal follows a long-running dispute between Sports Direct and the Beverly Hills Polo Club brand, owned and managed by Lifestyle Equities, which claimed Sports Direct had infringed its trademark through products [...]
As private equity booms, law firm partner moves hit record high April 21, 2026 Partner moves in London’s private equity market are hitting a new high, according to a report that revealed last year’s numbers doubled those of 2024, marking a record for the City’s legal sector. New data from legal search boutique Macrae shows there were 50 movements of partners with practices in the private equity sector in [...]
Trojan tools: AI is professional services’ newest cyber liability April 21, 2026 As the UK government ramps up pressure on businesses to strengthen their cyber defences over Anthropic’s Mythos, professional services firms are already feeling increasingly anxious about cybersecurity. In the last month, a hacker gained access to one of Bain & Co’s internal AI tools, which followed another attack that exposed cybersecurity flaws in a system [...]
BDO culls senior partners to clear path for younger staff April 9, 2026 Leading mid-tier advisory firm BDO is set to cut around 6 per cent of its total partner headcount, targeting older partners. The firm is set to axe 31 partners, mainly older staff who were expected to retire soon, or hires from rivals, as it seeks to open space for younger staff, according to the Financial [...]
As KPMG looks to cut hundreds of staff, expect more layoffs at the Big Four March 31, 2026 The Big Four giants, after hitting pandemic-era highs, are currently navigating a perfect storm of challenges: a harsher market, a surge in AI investment and a stagnant economy. These pressures are forcing firms to take a pair of shears to their workforces as the industry’s traditional “attrition model” fails to keep pace with reality. Over [...]
Reeves’ £1.2bn consultancy savings plan in doubt, watchdog warns March 11, 2026 Despite Rachel Reeves’ focus on cutting government spending on external consultancy services, a damning report stated that the government is unable to set meaningful targets to reduce its reliance on external firms. The UK government has said it wants to put an immediate stop to all non-essential consultancy spending and halve consultancy spending in future [...]
War in Iran sparks professional services remote work boom in Gulf March 5, 2026 Professional service giants have triggered emergency business continuity plans, shifting hundreds of staff to remote work across the UAE, Qatar, and Saudi Arabia amid deepening conflict in the Middle East. Since Donald Trump and Benjamin Netanyahu’s surprise attack on Tehran in the early hours of Saturday morning, Iran has retaliated with strikes on major cities [...]
Graduate jobs crisis: Here’s who is actually still hiring in 2026 February 25, 2026 The job market is looking bleak. For recent graduates it’s not just a downturn, but a great big wall blocking off access to an early career. But in a vicious, Darwinian struggle for a meagre handful of jobs, there could still be advantages for grads. The whippersnapper hiring slowdown is a many-headed beast, but the [...]