News
Unrated PII insurers still tempting hard-pressed firms
Unrated insurers continued to share more than a fifth of the professional indemnity insurance market at the last renewal round, while the Solicitors Regulation Authority mulls whether to force them to ‘get rated or get out’ of the business.
Virtual firm offers to “insulate” capital for partners
A virtual firm launched yesterday which hopes to attract 50 corporate and commercial lawyers billing a total of £15m a year by 2019. Carbon Law Partners aspires to the success of virtual law firms such as Keystone Law and Setfords.
Lawyers and consumers at odds over control of appointments to the SRA
The Law Society found itself at loggerheads with the Legal Services Consumer Panel last week after the pair placed themselves on opposite sides of the debate over who should run the process of choosing the chairman and board of the Solicitors Regulation Authority.
CPD deregulation going too far, Consumer Panel insists
The Solicitors Regulation Authority’s preferred alternative to the continuing professional development system is too hands-off to be relied upon, according to the Legal Services Consumer Panel.
LeO bids to slash cost per case and ring-fence CMC complaints
The Legal Ombudsman has revised its target costs for resolving complaints downwards for the next financial year, which if achieved would be almost 20% lower than a year ago.
Natwest survey: confidence and profits rise but firms must "spend more to make more"
Profits were up last year and confidence is buoyant for the coming year among small and medium-sized law firms, according to a major benchmarking survey. Nine out of 10 firms surveyed thought profits would increase during 2014.
QASA's future on knife edge as advocates' boycott holds
A tiny number of criminal advocates has so far signed up to the Quality Assurance Scheme for Advocates (QASA), suggesting a profession-wide boycott of the scheme is holding.
Sir Michael Pitt to be new LSB chairman
Senior civil servant Sir Michael Pitt will take over from David Edmonds as chairman of the Legal Services Board (LSB), it has been announced. Mr Pitt has no legal background and was chief executive of the Planning Inspectorate for three years from March 2011.
Merge, form JVs or collaborate – but don’t stand still: Law Society’s advice to crime firms
A Law Society guide to criminal legal aid after the cuts has laid bare the scale of the hurdles facing firms that wish to stay in the market and advised they choose one of three options: merger or acquisition, joint venture or collaboration.
BSB bids to put disciplinary appointments nightmare behind it with revamped regime
Three-quarters of the recommendations made by the 2012 Browne report into the disciplinary regime for barristers – sparked by irregularities over appointments to the disciplinary panels – have so far been implemented, according to a Bar Standards Board report.
Blog
The lonely role of a COFA: sharing the burden of risk management
Compliance officers for finance and administration in law firms can often find themselves walking a solitary path. But what if we could create a collaborative culture of shared accountability?
Mind the (justice) gap: Why are RTAs going up but claims still down?
The gap between the number of road traffic accident injuries and the number of motor injury claims continues to widen, according to the latest government data.
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.
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