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Why is Kirkland & Ellis going quiet on its earnings?

Kirkland became the first law firm to pass $10 billion in revenue. It has now decided to stop telling anyone what it earns, at exactly the moment clients are questioning their bills.

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AI could make lawyers more productive. It could also make them cheaper.

Research that once took hours now takes minutes. For firms that sell time, that efficiency is not obviously good news, and their clients have started asking who the savings belong to.

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China can build AI cheaper, America still sells it better

China spends a fraction of what America does on AI, yet the technology gap has nearly closed. The real divide isn't who builds the best model, it's who can turn it into money.

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The real reason London can't compete with Wall Street

The US now makes up over 60% of global stock market value, the UK just 3.7%. The gap started a century ago, but AI is now making it bigger, faster.

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The AI IPOs that will put the hype to the test

OpenAI, Anthropic and Databricks are all preparing to test public markets. The real question isn't whether AI is real, it's whether these companies can turn today's losses into tomorrow's profits.

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How the xAI deal quietly set up SpaceX's record IPO

Four months before its record IPO, SpaceX quietly bought Elon Musk's AI company xAI. That deal may have done more for the valuation than anyone's admitted.

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Why 2026 became the year of the megadeal

Global M&A hit $2.8 trillion in H1 2026. The bigger story isn't the size of the cheques, it's what they're being spent on: AI, electricity, and infrastructure.

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What is an LBO?

A leveraged buyout is corporate house-buying with a tiny deposit and someone else's mortgage. Here's the maths behind why a small slice of your own cash can turn into an enormous return, and where the strategy has gone wrong.

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Private Equity: Summarised

Private equity gets treated like a black box, but the model is closer to a house-flip than people think: buy a company, fix it up, sell it for more. Here's how the money actually works, and why the industry has such a mixed reputation.

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The americanisation of the 2026 World Cup

Ticket prices ten times higher than 2022, mandatory hydration breaks that doubled as ad slots, and a 27-minute halftime show. The World Cup ran more like a broadcast product than a tournament.

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AI's $600 billion problem

AI has pushed the S&P 500 to record highs, but the gap between what tech giants are spending and what they're actually earning is starting to look familiar.

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Big Law's answer to competition: Buy it

Elite law firms are merging at a record pace instead of growing organically, and the trend is starting to reshape pay and culture inside the offices it creates.

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Why law firm salaries in London keep hitting new records

Quinn Emanuel just pushed newly qualified solicitor pay to £189,000, the latest move in a spiral that keeps redrawing London's BigLaw pay ceiling.

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Big companies are still betting on London

Barclays just signed a 999-year lease on its Canary Wharf HQ, and Anthropic is offering £630,000 salaries in King's Cross. London's decline narrative is looking shaky.

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Why SpaceX's $2 trillion valuation doesn't add up

SpaceX just IPO'd at a $2 trillion valuation, on a par with Apple. Its revenue is twenty times smaller. Here's what's really being priced in.

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