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AI Uncertainty Cools PE Appetite For UK Law Firms

By Marialuisa Taddia

Investors are increasingly cautious about U.K. law firms because of billing uncertainty driven by artificial intelligence and unpredictable revenue, legal industry figures have said.


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Top Stories
  • Peter Wai leaves the Old Bailey in London on May 24, 2024 after being charged under national security legislation.
    Hong Kong Spies Get 18 Years Over Shadow Police Ops In UK

    By Sophia Dourou

    Two men were sentenced on Thursday to a combined 18 years in prison for spying for China through "shadow policin...(read more)

  • Logo of a product testing company displayed on a smartphone.
    Freshfields Steers EQT's £10.9B Cash Offer For Intertek

    By Najiyya Budaly

    Product testing heavyweight Intertek Group said Thursday that it has agreed to a £10.9 billion ($14.4 billion) c...(read more)

  • Grenfell Contractor Denies Liability In Council's £360M Claim

    By William Janes

    The contractor behind a refurbishment that saw the installation of combustible materials on the Grenfell Tower before a blaze that killed 72 people has denied liability for the local council's £360 million ($476 million) bill for damages.

  • FCA Closes Probe Into Drax Biomass Fuel Sourcing Claims

    By William Janes

    The finance watchdog said Thursday that it had closed its investigation into Drax Group PLC over its concerns about what the company had told the market about the sustainability of wood it used for biomass fuel.

  • Lloyd's Fights $3.7M Judgment Over Fake Cargo Ship Policy

    By Ronan Barnard

    A Lloyd's unit fought Wednesday to overturn a decision that it should pay $3.7 million under a mortgagee policy to cover losses from when a cargo ship struck a mine in Ukrainian waters, arguing the lender's losses actually stemmed from the vessel's fake war risks coverage.

  • AI-Driven Spike In Complaints May Not Mean More Sanctions

    By Jamie Lennox

    Complaints against lawyers in England and Wales have soared over the past year as artificial intelligence equips clients to sound the alarm over potential misconduct that might have previously gone unreported — but as regulators struggle to keep up, experts say the flood doesn't necessarily herald more penalties.

  • Lawmakers Table Twin Anti-SLAPP Bills After Reform Delays

    By Eddie Beaver

    A Conservative lawmaker was set to introduce a private member's bill in the House of Commons on Wednesday aimed at expanding protection against strategic lawsuits against public participation, known as SLAPPs, a day after similar measures were proposed in the House of Lords.

  • Travel Tech Co. Hit With Record £1M Russian Sanctions Fine

    By William Janes

    The U.K. government hit travel business Sabre Global Technologies Ltd. with a record £1 million ($1.34 million) fine for repeatedly breaching Russian sanctions by providing services to a sanctioned Russian airline.

  • Former OPEC Head Acquitted In London Bribery Trial

    By Ronan Barnard

    A former Nigerian oil minister and two alleged associates were cleared by a London jury on Wednesday of accepting or seeking bribes from energy executives.

  • Visa Sued By H&M, Eurostar In Latest Swipe Fees Case

    By William Janes

    More than 30 major businesses and institutions including H&M, Heineken and a university have sued Visa at a London court, alleging that the payment card company's fees and rules restricted competition and drove up prices.

  • InterDigital Wins Disney+ Restrictions In 11 EU States

    By Jamie Lennox

    InterDigital has secured a Unified Patent Court injunction against Disney over its video-coding patent in 11 European states, adding to separate injunctions it has already won in Germany and Brazil.

  • Ex-Media Biz Chair Tests Scope Of Directors' Good-Faith Duty

    By Eddie Beaver

    The former director of a media company told Britain's top court Wednesday that he should not be forced to buy out a minority shareholder after he obstructed the sale of the business, claiming he believed delaying a sale was in its best interests.

  • HMRC Wins Top Court Case On Taxation Of Partnership Pay

    By Sophia Dourou

    Britain's top court ruled on Wednesday that deferred pay distributed to individual partners at a foreign exchange trading firm must be taxed as income, giving a win to HM Revenue and Customs in its challenge to the company's remuneration structure.

  • Finnish Biz To Buy AI Weather Forecaster For Up To $130M

    By Najiyya Budaly

    Finnish measurements company Vaisala said Wednesday that it will buy U.S. AI weather forecaster Atmo in a deal worth up to $130 million as it seeks to expand its technology-based meteorology technology services.

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Trending on Law360 UK

  • Fieldfisher Fights Unfair Dismissal Ruling Over Assault Probe
  • FCA Eyes Higher Fines After Setbacks In Staley Case
  • Fitch Accused Of Inflating Debt Ratings Before 2008 Crash
  • Qualcomm Deal Sets Marker For Zero-Payout Settlements
  • Former OPEC Head Acquitted In London Bribery Trial
  • HMRC Wins Top Court Case On Taxation Of Partnership Pay
  • Ex-Media Biz Chair Tests Scope Of Directors' Good-Faith Duty
  • German Gov't Rejects UniCredit Pursuit Of Commerzbank
  • KC Defends Gardener Trust Deal In £2M Evasion Trial
 
 
 

From The Courtroom

  • Doctor Alleges Discrimination Over 'Anti-Zionist' Gaza Posts
  • Ex-Bank Chief Admits Role In Odebrecht Tax Evasion Plot
  • British Airways Hotel Costs Are Tax-Deductible, Tribunal Told
  • Ex-Moelis Banker Avoids Prison After US Trip To Admit Guilt
  • KC In £2M Evasion Case Defends 'Efficient' Tax Setup
  • 2 Men Guilty Of Selling Arms To Libya, Syria, S. Sudan
  • Forex Co. Placed In Administration Over Client Money Gap
  • British Airways Owes £5.8M Tax Over Hotel Stays, HMRC Says
  • Property Developer Accused Of £2.3M Rent Fraud
  • Duo Can't Halt Extradition To US Over $22M Phishing Fraud
 
 
 

Expert Analysis

  • Rory Spillman
    FCA-Approved Firms Get Liability Clarity On Appointed Reps
    The recent U.K. Supreme Court judgment in Kession Capital v. KVB Consultants, turning on the construction of Section 39 of the Finan... (read more)
  • Anna Lyle-Smythe
    EU Merger Overhaul Gives New Weight To Deal Efficiencies
    The European Commission’s recently published draft merger guidelines mark a recalibration rather than a revolution, yet by elevating... (read more)
  • Jason Hewitt
    How UK Security Act Plans Will Affect Foreign Investors
    The U.K. government's recently proposed changes to the scope of National Security and Investment Act transaction screening for forei... (read more)
  • Martin Mekat
    Lidl Case Puts Loyalty Apps In Consumer Rights Spotlight
    The German Federal Court of Justice's imminent ruling on Lidl's use of loyalty apps could clarify whether retailers must disclose a ... (read more)
  • John Cassels
    Compliance Landscape Shifts As CMA Targets Fake Reviews
    The Competition and Markets Authority’s investigations into five companies’ alleged misleading online reviews are the first use of i... (read more)
  • Read More Expert Analysis

 
 
 

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