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That’s it for 2024 from Legal Futures, after a year where AI came to the fore and, in recent months, more and more law firms accepted external ownership of various kinds.

Axiom Ince chief executive Pragnesh Modhwadia and fellow solicitor Shyam Mistry, along with three senior staff, were charged today by the Serious Fraud Office.

The solicitor accused of trying to improperly restrict publication of an email he sent to a high-profile lawyer over the affairs of former Conservative MP Nadeem Zahawi, has been fined £50,000.

National insurance and commercial law firm HF has become the latest to take private equity investment, with all staff to receive payouts due its existing share scheme.

The Solicitors Regulation Authority has opened dozens of investigations into law firms in relation to their conduct of volume litigation. Between them, they handle more than 150,000 claims.

The first opt-out collective action decided by the Competition Appeal Tribunal yesterday went against the claimant acting on behalf of 3.8m customers of communications giant BT.

The Solicitors Regulation Authority has banned a third former employee of Axiom Ince from working in the profession in future without its permission due to “serious” misconduct.

Law firms lining up claims for motor finance mis-selling have had a busy week, with significant court rulings and a Financial Conduct Authority announcement.

Divorce applications submitted before they should have been and wrongly allowed to proceed due to an error in the courts’ IT system are voidable – but not void, the High Court has ruled.

EU states may prohibit external investment in law firms because of the need to protect lawyers’ independence, the Court of Justice of the European Union has ruled.