Legal Services Act
Record fine for Co-op Legal Services after indemnity principle breach
Co-operative Legal Services has been fined nearly £144,000 for recovering more costs in personal injury claims than it was entitled to – the largest fine the SRA has ever handed out to an ABS.
LeO to seek in-year budget supplement for first time
The Legal Ombudsman is set to make its first ever in-year call for supplementary budget, seeking an extra £344,000 to make up in part for previous miscalculations, Legal Futures can reveal.
High street solicitor launches second BSB firm with client
A solicitor has launched a second law firm regulated by the Bar Standards Board – this time an alternative business structure with a letting agent client.
Consumers use “limited criteria” when shopping around for lawyers
Consumers of legal services apply “relatively limited criteria” when shopping around, research has found – which 46% of those polled did, while 27% went to the first adviser they looked at.
Top PI firms reveal mixed profits as another hits TV to build brand
Two leading personal injury law firms have recorded contrasting results that take lockdown into account, while Minster Law has launched its first national TV advert to promote its PI work.
Family lawyers embrace mixed teams to offer non-court alternatives
An increasing number of family law specialist teams are joining with other disciplines and professionals to offer clients a wider range of services that do not involve the court process, it has emerged.
Accountants ponder new push to regulate legal services
The Institute of Chartered Accountants in England and Wales is considering a new push to regulate reserved legal activities, three years after its last attempt was knocked back.
Frenkel Topping given more time for NAHL takeover talks
Talks between listed companies Frenkel Topping Group and NAHL Group about a reverse takeover of the latter have been extended by another four weeks.
Reduced legal budgets seen as biggest virus challenge
Lawyers have identified reduced client budgets for legal work as the biggest threat to the profession from the pandemic in a new report.
Exclusive: Keystone investor eyes next legal opportunity
The private equity investor who set Keystone Law on the road to listing is on the look-out for a new legal venture – but is not interested in traditional law firm partnerships.