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Axiom Ince report: The full story of what went wrong at the SRA
The review of the Solicitors Regulation Authority’s handling of Axiom Ince shows it missed an opportunity to uncover the fraud a year before it eventually shut the firm down.
Axiom Ince report: No law firm should go years without an SRA visit
Law firms should not go “many years” without receiving a visit from the Solicitors Regulation Authority, the Carson McDowell report for the Legal Services Board has recommended.
Criticism rains down on SRA but M&A controls spark worry too
Criticism of the Solicitors Regulation Authority poured in yesterday in the wake of the report into how it dealt with Axiom Ince, although the notion of more controls on M&A sparked concern.
Mental health challenges “costing large law firms millions”
Mental health challenges are costing large law firms millions of pounds every year and reducing productivity by 19%, a report has indicated.
SRA “should have done more” to prevent Axiom Ince, says LSB report
The SRA “did not take all the steps it could or should have taken” ahead of the collapse of Axiom Ince, the review commissioned by Legal Services Board declared today.
New private equity player enters market by buying Midlands law firm
Another private equity business has entered the legal market with a £30m pot to create a new group and has made Midlands firm FBC Manby Bowdler its first acquisition.
Leader of Essex coroner kidnap plot jailed for seven years
The leader of a plot based on pseudo-legal ideas to kidnap the Senior Coroner for Essex has been jailed for seven years, and the three people who helped him for two and a half years each.
Conveyancers spend nearly half their time chasing people
Conveyancers spend approaching half of their working day chasing other stakeholders or being chased by them, a report has found.
Law firm fails in bid to restrain litigation funder’s winding-up petition
A well-known sports law firm has failed to convince the High Court to restrain a litigation funder from advertising a winding-up petition over a loan it has not repaid.
Fine for solicitor who sent “threatening” Covid letters to schools
A solicitor who sent “threatening” letters to at least 244 secondary schools, telling them they could be at risk of criminal or civil liability for implementing Covid measures, has been fined £2,500.
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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