Top Stories

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  Weil To Wind Down As Top Attorneys Abandon Firm

  By Daniel Moritz-Rabson, Alex Wittenberg and Aebra Coe

  Weil Gotshal & Manges LLP, the restructuring powerhouse that led Lehman Brothers, Enron and General Motors throu...(read more)

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  Budget Offers Slim Clarity On UK's Employment Law Priorities

  By Adele Redmond

  About two million British workers will be better off after Wednesday's Budget, but there was little clarity for ...(read more)

• AI, FCA Mortgage Shift Could Raise Lenders' Crime Risk

  By Alex Davidson

  Growth in artificial intelligence combined with the easing of mortgage rules by the Financial Conduct Authority will accelerate fraud risks for lenders and put senior manager accountability to new tests, lawyers have warned.

• Amersi Says BBC Lacks Evidence Of Corrupt Telecoms Deals

  By Ronan Barnard

  A prominent political donor and businessman argued at the start of a London trial Wednesday that the BBC had falsely accused him of being involved in corrupt business dealings in three different countries, saying the broadcaster's case that the allegations were true was "plainly not sufficient."

• Healey Looks To Simplify But Not Abolish Shareholder Taxes

  By Najiyya Budaly

  Chancellor John Healey told MPs on Wednesday that the government would retain stamp duty on share trading but pledged to modernize the tax, drawing criticism of a "missed opportunity" to revive interest in the London Stock Exchange.

• SFO To Set Out Total ENRC Fees In Annual Report

  By Laura Stewart Liberty

  The Serious Fraud Office said it will publish the total legal fees it incurred fighting Eurasian Natural Resources Corp.'s long-running $290 million claim over the agency's botched criminal investigation in its annual report and accounts next year.

• UK Gov't To Temporarily Raise Bank Surcharge To 6%

  By Josh White

  The U.K.'s Labour government will temporarily raise the bank surcharge to 6% to help generate more revenue to cover its expanded spending plans, Chancellor John Healey said in his autumn Budget on Wednesday.

• Gov't Tweaks UK Tax Allowance To Protect Pensioners 

  By Joel Poultney

  The government announced plans on Wednesday to protect pensioners from paying income tax on the state pension, which is set to rise above the basic income tax threshold.

• Insurer Revives Damages Bid In Oil Spill Fight At Top Court

  By Martin Croucher

  The U.K. Supreme Court on Wednesday backed a marine insurer's attempt to seek damages from Spain and France for suing it in Spanish courts over damages from a massive oil tanker spill rather than using arbitration in London.

• Latham Advises Insurance Software Co. On $2.1B Acquisition

  By Irene Madongo

  Insurance software provider Guidewire said Tuesday it has agreed to buy artificial intelligence platform Hyperexponential for up to $2.1 billion, a move it hopes will help it to provide agentic underwriting.

• FCA Senior Manager Reforms Could Open Door To Bad Apples

  By Alex Davidson

  Proposals by the Financial Conduct Authority to replace its senior managers regime approval process for some roles with company-led notifications of appointments to the regulator could create openings for bad apples, lawyers have warned.

• Tougher Energy Efficiency Rules Start Shaping Property Deals

  By William Janes

  Plans to tighten energy efficiency standards for large commercial buildings are reshaping property deals and lease negotiations well before a deadline of 2031, lawyers say, as clients assess upgrade costs and work out who should pay for works.

• Celeb Makes 'Unprecedented' Bid To Block Sex Predator Story

  By Robbie Kalus

  A celebrity "would be likely to commit suicide" if ITN and The Guardian published an investigation which accuses the star of using his status to sexually harass and exploit young women, his lawyers told a London court on Tuesday.

• BHP Claimants Challenge Bar On Replacing Pogust With BGI

  By Joanne Faulkner

  A committee that represents victims of a dam disaster has sought permission to appeal against a ruling that prevents it from replacing Pogust Goodhead before a damages trial against BHP, saying the decision leaves the claimants unable to choose who represents them.