UK ‘no longer a serious place’ says Hedge fund boss after losing £200m tax battle Tax Hedge fund Bluecrest Capital Management, founded by the UK’s wealthiest financier, said the UK is no longer “a serious contender” as a place to do business after it lost a £200m battle with the tax man, in a ruling that could now leave the wider hedge fund and professional services industries facing a hefty bill. The [...]
LLPs remain under watchful eye – especially from the taxman Legal Despite dodging Budget day taxes, the UK’s limited liability partnership (LLP) model is still facing intense scrutiny, this time from HMRC, which just had a good result from the top court this week, writes Maria Ward-Brennan. The LLP model, used by professional services such as law firms and accountancy firms, came into force 25 years [...]
City law firms clamp down on the equity cookie jar Legal Law firms are tightening access to equity partnerships to protect profits, increasingly reserving the equity pool for top performers, writes Maria Ward-Brennan. As the Big Four giants dominate the headlines with internal changes, the firms are seeking to regain control of their expanded equity pools amid profitability problems. These giants are looking to mirror what [...]
Private equity investment fuels major overhaul of Grant Thornton’s associate scheme April 29, 2026 Professional services giant Grant Thornton is launching a “brand new associate programme” for its 2027 cohort of associates, Morning Wire can reveal, as private equity investment from Cinven sets the firm’s ambition for significant growth. The firm voted in favour of an investment from private equity firm Cinven in 2024. Speaking to Morning Wire, Abigail [...]