Exclusive: London law firm used by Wagner boss Yevgeniy Prigozhin has folded December 15, 2023 London-based law firm Discreet Law - used by the Wagner boss - has ceased its practice after it was under investigation for allegedly breaching rules to protect free speech
UK criminal court backlog hits record levels December 14, 2023 The UK Crown Court backlogs have grown to its highest level on record, as cases have more than doubled in under four years. According to criminal court statistics published today, there are currently 352,945 outstanding cases in the magistrates’ courts, up 3 per cent on the previous quarter. The backlog is spiralling upwards each quarter [...]
University of Exeter’s WWII bomb insurance claim dismissed December 14, 2023 The Court of Appeal today dismissed University of Exeter appeal over damage caused to student halls after the discovery of a WWII bomb during construction work. In February 2021 contractors working across from the University’s campus discovered an unexploded WWII bomb, it was believed to have been dropped by German forces in 1942. It was [...]
EY to slash over 100 US jobs as part of ‘long-term’ transformation for Big Four firm December 12, 2023 EY is cutting over a hundred more jobs in the US as the firm in the midst of “transforming” its business, following split fail earlier this year. The Wall Street Journal (WSJ) reported that the job cuts are largely concentrated on the advisory side of its US operations. It is reported that 10 per cent [...]
EY set to close yet another legal arm of its business December 12, 2023 EY is shuttering its legal arm in Hong Kong in January, which makes it the second closure action the firm has taken against its legal services. On 23 January, the Big Four firm will close its Hong Kong law member firm, LC Lawyers, according to Bloomberg News. LC Lawyers advised on Hong Kong IPO and [...]
Begbies Traynor acquires midlands firm of property auctioneers December 12, 2023 Professional services that act as a restructuring specialist, Begbies Traynor Group has completed the acquisition of a national firm of property auctioneers.
FRP Advisory profits soar due to uptick in restructuring activity December 12, 2023 Professional services firm FRP Advisory's revenue jumped 19 per cent in the first half of 2023 as its restructuring team was more active this year.
UK legal market sees revenue hit record level December 12, 2023 Revenue generated by legal activities in the UK hits its highest level in more than a decade, as the sector generated £43.7bn over 2022/23. In a new report by TheCityUK, much of the £43.7bn figure was generated by the top 100 UK law firms, who netted more than £33.7bn in 2022/23. This figure was up [...]
Prince Harry ordered to pay nearly £50,000 to The Mail On Sunday owner over failed application December 11, 2023 The Duke of Sussex must pay lawyers’ bills run up by the publisher of The Mail On Sunday, after losing the latest stage of a High Court libel battle, a judge says. On Friday Prince Harry failed in a bid to have Associated Newspapers’ defence to his libel claim thrown out. Mr Justice Nicklin says [...]
HMRC seeks more audit files from EY in property tycoon’s tax dispute December 11, 2023 Counsel for HMRC asked the court this morning to see more of EY’s audit files in relation to the property tycoon’s tax affairs dispute. HMRC filed a claim to the High Court against the Big Four firm over allegations it misrepresented its client tax affairs to the HMRC. The client was the British property investor [...]
