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Complaints about the SRA rise by 29%
Complaints about the Solicitors Regulation Authority’s handling of cases rose by 29% last year, with the increase in interventions part of the reason.
NY lawyers can passively invest in ABSs, says city bar association
A New York lawyer may hold a financial interest in an alternative business structure operating legally elsewhere, the city bar association has said.
Huge hike in compensation fund levy to go ahead
The Solicitors Regulation Authority is pressing ahead with a huge hike in the compensation fund levy in the wake of the spiralling cost of law firm failures.
Aggregation fears “set to drive up cost” of indemnity insurance
Solicitors may face a more restricted professional indemnity insurance market this year amid growing concern over limitations on insurers aggregating claims.
Accusations fly amid “hostility” between LSB and Bar regulator
Relations between the Legal Services Board and the Bar Standards Board are close to breaking point over the speed of reform at the barrister regulator.
SRA reports two law firms to Treasury for breaching Russia sanctions
The Solicitors Regulation Authority has reported two law firms to the Office of Financial Sanctions Implementation, part of the Treasury, for breaching sanctions on Russia.
Boss struck off over pension cash misuse – but fellow partners cleared
A managing partner who used staff pension contributions to prop up his firm has been struck off, but his two equity partners were cleared of misconduct.
£350m sale of PI group in the offing as turnover and profit soar
Private-equity backed personal injury business Winn Group has reported soaring revenue and profit amid talk that it is to be sold for £350m.
Time to reset legal regulation and ethics, says consumer panel head
The new Lord Chancellor, Shabana Mahmood, needs to recognise the need for an overhaul of the legal regulatory regime, the new chair of the Legal Services Consumer Panel has argued.
Fine and reprimands for barrister over conduct as law firm owner
A barrister has been fined £5,000 by a Bar disciplinary tribunal, after he failed to report an SRA investigation into the removal of 242 wills from a law firm he owned.
Blog
Five key issues to consider when adopting an AI-based legal tech
As generative AI starts to play a bigger role in our working lives, there are some key issues that your law firm needs to consider when adopting an AI-based legal tech.
Bulk litigation – not always working in consumers interests
For consumers to get the benefit, bulk litigation needs to be done well, and we are increasingly concerned that there are significant problems in some areas of this market.
ABSs, cost and audits – fixing regulation after Axiom Ince
A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.
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