The academic who earlier this year angered criminal defence practitioners when he revealed research suggesting the firms he shadowed had mistreated their clients, has warned that the legal aid cuts planned by the Ministry of Justice will only make things worse.
The In-Deed conveyancing brand has been acquired by the owner of an online property panel – the final step in the dissolution of the country’s first alternative business structure (ABS) failure.
The prospect of external investment in intellectual property firms is set to soar after the Intellectual Property Regulation Board won the support of the Legal Services Board to become the third alternative business structure licensing authority.
The large majority of home movers do not opt for the cheapest conveyancing, and are generally happy with the service provided by their solicitor or licensed conveyancer, major new research has found.
A UK legal process outsourcing company has obtained an equity investment of double the amount it was seeking to fund ambitious expansion plans, using the ‘crowdfunding’ method of appealing to investors.
A new business owned by “non-solicitor entrepreneurs” who have already invested £10m is promising to revolutionise the way in which criminal defence work is undertaken. Defence Hub is predicting that it will turnover more than £50m in its first year.
Specialisation in the legal profession has narrowed to the point where it is possible for a barrister to become a Queen’s Counsel without ever having cross-examined a witness, according to Mr Justice Rabinder Singh.
The Legal Services Board has pledged to attack the “cultural resistance to radical change” that it said was necessary for the legal market to thrive. It will also target unnecessary restrictions on new business structures and the cost of regulation.
Chancellor George Osborne yesterday confirmed that the government is pushing ahead with plans to “ensure the tax advantages of partnerships aren’t abused” – but the immediate introduction of anti-avoidance rules has been dubbed “shocking”.
The Bar Standards Board has rubbished a suggestion from the Solicitors Regulation Authority that it changed a rule to support the Bar Council in its clash with the government over legal aid.
A ‘virtual network’ of law firms that claims to be the first of its kind is gearing up to launch in February, aimed at giving smaller higher street firms a national reach and helping them compete with larger firms.
The Solicitors Regulation Authority is to investigate the likely impact of criminal legal aid fee cuts on the viability of law firms amid warnings that the cost to the profession of collapses could spiral.
One of the country’s largest debt advice companies has bought a high street law firm to offer additional services to customers and become “a major player in the legal services market”. MoneyPlus Group is backed by private equity firm Palatine.
The Law Society’s vision for the future of legal regulation would enable it to restrict the licensing of alternative business structures so as to protect solicitors from competition, the Solicitors Regulation Authority has warned.
Criminality within the solicitors’ profession has reached the level where the Russian mafia have become involved, it emerged yesterday. The SRA has uncovered “very significant levels of misconduct in firms”.