Legal News

Cost of SRA investigation and enforcement work soars to £23m

The amount of money spent by the Solicitors Regulation Authority on investigations and enforcement has spiralled by 61% over six years, new figures have shown.

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In-house lawyer who lied on CVs to “create a persona” struck off

An in-house lawyer who said he lied on a number of CVs to create “a persona that he thought was required for a role in private practice” has been struck off.

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Fine for law firm that allowed $23m to go through client account

A law firm run by an ex-Law Society president has been fined £68,000 for anti-money laundering failures, including allowing $23m to pass through its client account with no underlying legal work.

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PE-backed law firm takes over top insurance company’s ABS

Private equity-backed HF has acquired most of the assets of the alternative business structure owned by global insurance services firm Crawford & Company.

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Blog


The importance of benchmarking reports – and lessons on profitability

Regional firms reported the largest revenue growth this year (12%), outpacing their City counterparts. Yet many are not converting that growth into profitability.


Fixed recoverable costs: Sacrificing justice for predictability?

The extended fixed recoverable costs regime is failing to achieve its stated objectives. Instead of promoting fairness and efficiency, the rules are creating anomalies that undermine justice.


Expectations keep rising, so prioritise client experience

Law firms are facing growing pressure to place greater focus on client experience or risk falling behind in an increasingly competitive legal market.