Latest news
“Time to review” selection and return to practice of salaried judges
A report for the Ministry of Justice has called for a review of the selection process used by the Judicial Appointments Commission for salaried judges.
ABS expansion as accountants start to offer legal services in the US
Multi-disciplinary practices are becoming a reality in the US after KPMG was granted an ABS licence and another accountancy firm announced plans to merge with a law firm.
Land Registry system will reject applications with “simple” errors
HM Land Registry is to up efforts to reduce the number of requisitions it has to send to conveyancers by automatically checking for “simple errors” in applications.
Paul Philip to retire as SRA chief executive
Paul Philip is to retire from the Solicitors Regulation Authority towards the end of 2025 after nearly 12 years as chief executive, it announced this morning.
Private equity invests £1.2bn in the law in just five years
Private equity has invested nearly £1.2bn into law firms over the last five years, with a record £534m coming last year, according to figures published today.
LSB: Litigation funding should be regulated by FCA
There should be mandatory regulation of the litigation funding industry by the Financial Conduct Authority, the director of regulation and policy at the Legal Services Board said yesterday.
“Time to act” on scrapping client accounts, consumer panel says
Now is the time for the SRA to take “decisive steps” towards scrapping solicitors’ client accounts, the Legal Services Consumer Panel has said.
Listed law firm needs more growth “to justify premium valuation”
Listed law firm Keystone needs to deliver double-digital growth if it is to maintain a premium valuation, but it is unlikely to do so, its broker has said.
Majority of professional indemnity claims are against solicitors
More than half of professional indemnity cases issued in the High Court over the past five years were against solicitors, according to new figures.
Law firm’s partnership agreement was not varied, High Court rules
Two former partners of a law firm did not vary their 50/50 partnership after it was set up so that one would be in sole control, the High Court has ruled.
