Profits return to pre-merger levels

A&O Shearman partners are taking home an average of ($2.9 million) £2.2 million despite broadly flat revenue, as profits return to pre-merger levels.
In its second full year since being created through the 2024 merger of Allen & Overy and Shearman & Sterling, the international giant’s latest results show

£34 million extra funding

The government has set out how it plans to spend up to £34 million a year on legal aid for the criminal bar, with the money going towards higher fees for the barristers who prosecute and defend publicly funded cases.
Deputy prime minister and justice secretary David Lammy first announced the

New policy

The University of Chicago has introduced a policy banning its incoming law students from using laptops and smartphones during lectures in a bid to limit AI dependency.
The new policy will come into effect at the beginning of this upcoming academic year and will apply to first year (or 1L) law students only.

Joins Chelsea

A departing Magic Circle lawyer has found a rather creative way to announce his departure from the firm, recreating a viral post made by former Spanish footballer Xabi Alonso.
Sharing the image on LinkedIn, former Clifford Chance associate Akif Rahman posted a black and white photo of himself

Was it worth it?

It’s been well reported in the UK media that Prince Harry has been waging war on Britain’s press establishment in a series of protracted legal battles fought out in the High Court and beyond.
Whilst he’s had a few victories along the way, namely a settlement in 2025 against the Sun’s

Mixed fortunes

Eversheds Sutherland, Simmons & Simmons, Bird & Bird, TLT, Fieldfisher and Bevan Brittan have become the latest law firms to unveil their 2025-26 financial results.
Eversheds Sutherland’s international arm recorded revenue of £827.1 million for the year ended 30 April 2026, alongside a 13% rise in net profit to

Okayyyy….

The boss of a top legal AI company has claimed that partners at elite law firms are undercharging.
Max Junestrand, the 26 year-old Swedish tech whizz who runs Legora, believes that law firms’ billable hour model means “you overcharge for the associates and you actually undercharge for the