The industry seeks to defend itself after Trump administration proposal to redesignate its status
Lawyers awarded hefty December payouts in battle to hire and retain high performers
Alt5 Sigma hires third accounting firm in six weeks, complicating efforts to bring its financial reporting up to date
Decision follows scandals at Big Four and comes as AI tools make it easier to circumvent invigilators
Firms argue US regulators have become too focused on finding minor infractions
London law firms hired 668 partners in 2025, up 21% on last year
Exit comes after oil major said in July that lead partner had exceeded period allowed under rotation rules
Some litigants ambush opponents on December 24 knowing their offices are thinly staffed
Cuts will be used to reduce fees charged to public companies and broker-dealers
Hot on the acquisition trail, some companies are taking a leaf out of their own playbooks
Latest transatlantic tie-up would create firm with $3.6bn in revenues and 3,000 lawyers
Automation may be freeing up their time to do more valuable work
The FT’s guide on what to look out for on Friday
EY said errors included ‘material misstatements’ in latest setback for Conservative metro mayor
Former Arthur Andersen partners raised $176mn after pricing shares at top of range
Government says move will empower citizens but critics say it will expose businesses to more costly class-action lawsuits
Accountancy reports global revenues of $39.8bn, still far lower than those at competitors Deloitte, PwC and EY
Financial Reporting Council to examine firm’s adherence to independence rules in 2024 audit
SRA had accused Claire Gill of improperly threatening a victim of fraud with litigation
Financial Reporting Council to examine two individuals and firm itself over ‘unauthorised’ auditors’ reports
Awards highlights include: digital strategy, dealmaking, unlocking capital, pro bono, and the most innovative law firms and individuals
The FT Top 35 law firms, plus lawyers under political pressure. Also: the battle to do bankruptcy differently; five women at the top of $3bn-plus firms; the White House rewrites dealmaking; and prison reform focuses on solitary confinement
Companies hope the technology will take on work usually sent to law firms. Plus: the top innovative in-house teams, North America 2025; and six ‘case studies’ of corporate lawyers’ innovations
Examples of the most innovative work and legal services for clients in North America
Big commercial law firms are exposed to the kind of political scrutiny their corporate clients already bear
