Latest News

Bar Standards Board scores football specialists as first ABS

jerome anderson

The Bar Standards Board has licensed its first alternative business structure, a combination of barristers from 2 Dr Johnson’s Buildings and football agents. VII Law – which started life last year as a BSB entity – is working alongside VII Management, a sports, entertainment and media business.

May 24th, 2017

Top-50 accountancy firm becomes ABS

Law Clinic 170614

Top 50 accountancy firm Barnes Roffe has become the latest to gain an alternative business structure licence, Legal Futures can reveal. Meanwhile, Nottingham Law School’s ABS and ‘teaching law firm’ has launched a business and enterprise law service to provide affordable legal advice to small businesses, entrepreneurs and charities.

May 24th, 2017

LSB decides against changing rules on telling clients about complaints procedures

Keyboard with Complaint Button.

The Legal Services Board has dismissed concerns about the “negative” impact of its requirement that lawyers tell clients about their complaints procedures before any work has been done. Research found “negative reactions” to the prominence of this information but the board said the problem was how some lawyers have chosen to provide it.

May 24th, 2017

Legal Futures Report

 

This Legal Futures roundtable report, published in association with Thomson Reuters, looks at what SME law firms are doing to grow their profit margins at a time of economic uncertainty and ever-greater competition. What was so striking about the debate was that despite the very different practices represented around the table, the approach was largely the same. Putting a few lawyers around a table invariably produces a stimulating and challenging discussion, and this was no different.

Legal Futures Blog

How to protect your firm from ransomware

Adam Curtis Hoowla

One news item has dominated the headlines over the last week – cyber-attacks and, in particular, the WannaCry ransomware. It is a well-known and well-documented fact that the legal industry, and conveyancing in particular, can be a vulnerable and high value target. This ranges from property hijacking – where fraudsters pose as legitimate owners of a property and sell it on without the real owner’s knowledge – to ‘Friday afternoon fraud’, with criminals contacting a busy law firm to ‘update’ their bank details to redirect funds.

May 22nd, 2017