London bankers and lawyers earn over £1bn in fees from UK takeover surge in 2026
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Investment bankers, lawyers and accountants in London have taken more than £1bn in fees from UK takeover work this year, with filings suggesting the total topped £1.2bn, as M&A involving London-listed companies rose 175% in 2026 to $132.9bn (£100bn), the London Stock Exchange said. JP Morgan advised on 14 UK deals worth $89.4bn (£67.6bn), the most of any bank; Slaughter and May led among law firms. The wave, driven by private equity and US buyers, has renewed anger over City pay during the cost of living crisis and worries about the London market.
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