Latest News

Judge complains of “too many swindlers” after wrongly questioning status of solicitor

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A judge who wrongly questioned the status of a solicitor after doing his own research on the Law Society’s website, has been criticised by the Court of Appeal. The judge at Central London County Court complained that he had prosecuted “too many swindlers” as a barrister, and was “naturally suspicious of everybody, particularly in this court”.

February 5th, 2016

SRA and Law Society at loggerheads again over independent regulation

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The general public strongly supports the notion of full separation of legal regulators from professional bodies, according to the results of an opinion poll commissioned by the Solicitors Regulation Authority (SRA). The Law Society hit back by appearing to suggest an SRA stripped of its power to set solicitors’ standards should be merged with other legal regulators.

February 5th, 2016

Small law firms have most to lose from SQE, leading academic warns

Peter Crisp - BPP

Small law firms have the most to lose if a Solicitors Qualifying Examination is introduced as it may downgrade the value of being part of the profession, a leading legal academic has warned. Professor Anthony Bradney said the exam could be a way for solicitors to “very rapidly lose their reputation”.

February 4th, 2016

Legal Futures Report

 

The fourth issue of Legal Futures Insight takes on arguably the biggest issue in the market today: what technology means for legal practice.

The purpose is not to look at what has become commonplace technology, but instead to look to the future, such as to artificial intelligence. We investigate how advanced data processing and contract analysis have delivered some spectacular results already, while virtual assistants could lead to a new breed of ‘knowledge worker’, who will not be a lawyer or accountant. Is AI the end of the lawyer, or actually liberation from more routine work?

Legal Futures Blog

Borrow more or repay debt?

Rowan-Williams

During recent weeks, there have been conflicting opinions on bank borrowing, particularly as it affects professional firms. One piece of advice, aimed primarily at law firms, expounded the view that firms which did not borrow more while interest rates were so low would be exhibiting behaviour ‘almost bordering on professional negligence’. By contrast, with comments directed at a broader market, portfolio managers want companies to pay off debt instead of paying large dividends to shareholders.

February 5th, 2016