Law firms filed over 1,000 legal tech patents globally – but only 1 was filed in the UK July 13, 2023 Law firms around the world are increasingly investing in technology to remain competitive, new data shared with City PM reveals. Exactly 1,184 patent applications for legal services technology were filed globally in the year ending September 2022, according to data obtained by Thomson Reuters from the World Intellectual Property Organisation. China filed the most with [...]
Football’s data wars takes another turn, but can players really protect their information? July 11, 2023 A former Leyton Orient, Scarborough and Yeovil Town manager may seem an unlikely figure to be at the forefront of football’s data wars, but a landmark announcement in the Netherlands this week can be traced back to Russell Slade. Fifpro, the international union for professional footballers, on Tuesday announced the creation of a new database [...]
Ex-CBI chief Tony Danker considers suing scandal-hit lobby group over dismissal June 4, 2023 Former chief of the Confederation of British Industry is considering suing the scandal-hit lobby group after he was dismissed from the top job as the group became embroiled in a sexual misconduct scandal.
UK law firm mergers rose last year as ‘growing by acquisition’ becomes more attractive May 22, 2023 New data reveals the number of law firm mergers in the UK has risen by nearly a quarter in the past year – from 99 in 2021 to 122 in 2022. New research from accountancy firm Hazlewoods shows merger and acquisition (M&A) activity in the sector has rebounded following a pandemic slump. According to Hazlewoods, [...]
Allen & Overy and Shearman & Sterling merger to forge £2.7bn law firm May 22, 2023 Law firms Allen & Overy and Shearman & Sterling announced plans to merge late last night, in a move which would create a firm with approximately $3.4bn (£2.7bn) in combined revenues. The tie up marks one of the biggest legal mergers in recent history, forging a firm with 3,900 lawyers across 49 offices around the [...]
City law firm tells junior partners to cough up £20,000-£42,000 each May 9, 2023 Junior partners at City law firm Withers will have to contribute up to £42,000 each in a newly announced cash call. The London-headquartered firm, which specialises in services for high-net worth individuals, said the decision was taken to allow junior partners to be “more fully involved” with the business. “We have asked junior equity partners [...]
‘Bomb like’ devices planted in England’s legal heartland amid £1m court wrangle with a top lawyer April 24, 2023 Two bomb-like devices were planted in England’s legal heartland as part of a grudge campaign against a senior lawyer involved in a £1 million legal wrangle, a court has heard. Andrew Sutcliffe KC was targeted at his chambers in Gray’s Inn in central London as part of a plot to cause him and another lawyer [...]
Dealmakers League: Top M&A Investment Bankers & Lawyers in the UK April 18, 2023 | City Talk By Datasite Who’s leading the pack in the UK among M&A investment bankers and lawyers? Datasite’s Dealmakers League, in partnership with MergerLinks, identifies the top M&A professionals, based on announced transactions they were involved in, across various regions, in 2022. In the UK, the top ten M&A investment bankers came from eight different firms, with [...]
No firms charged with ‘failure to prevent’ tax evasion in 6 years – here’s why April 3, 2023 The UK taxman has not charged any British firm with the ‘failure to prevent tax evasion’ offence since it was introduced six years ago, HMRC has confirmed. Under the offence, introduced in 2017, a British company can be criminally prosecuted if it was found to have not put adequate checks and systems to prevent its [...]
Who has been hit hardest by £21bn of pandemic fraud, and will the taxpayer EVER get it back? March 30, 2023 The UK Government has lost £21bn worth of taxpayers money due to fraud since the start of the pandemic, that is “very unlikely” to be unrecovered, according to the National Audit Office (NAO). The NAO said that many public bodies are unaware of the amount of fraud they face, as it revealed that levels of [...]
