Latest news
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.
Insurers win costs orders against Anexo over credit hire
A circuit judge has made four non-party costs orders against the credit hire arm of AIM-listed Anexo Group, whose customers have to use its law firm, Bond Turner, to recover its costs from insurers.
Blog
The AI revolution: practice excellence is about to reach a new level
The crux of all conversations with law firms has been: “how can generative AI support greater practice and client service without compromising security?”
TikTok or TikNot: Is social media working for you?
The average law firm spends around a quarter of its marketing budget on social media but sees little in return, our research found.
Tomorrow’s legal landscape: helping firms prepare for change
Law firms must constantly question the status quo and be willing to adapt. Take nothing for granted. Never say ‘we’ve always done it this way’; never say ‘we’re lawyers and we’re different’.
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