Legal News

Entry of PE “puts focus on capital growth, not annual cash distribution”

Private equity allows law firms “to build for capital growth rather than cash distribution” and represents a “fundamental shift in how firms can compete”, the Law Firm Growth Summit heard yesterday.

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Rapson sets out priorities for turning round SRA performance

Changes in how solicitors are supervised, taking more time to listen to the profession and reviewing the threshold for action are among the SRA’s priorities for this year.

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Introducing AI “should be next phase of tribunal reform”

Introducing AI into tribunals should be “the next phase” of the HM Courts and Tribunal Service reform programme, the Administrative Justice Council has said.

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Rebuke for senior partner who used client account for personal matter

The senior partner of a London law firm has been rebuked for using its client account as a banking facility to deal with a personal matter.

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Blog


Strong AML controls are meaningless with incomplete data

One expectation as the FCA takes control of anti-money laundering oversight is a move towards more supervision rather than simply writing new rules.


Navigating the legal AI productivity-profitability paradox

Firms are achieving efficiencies through AI, especially in the practice of law. Yet many are struggling to see that reflected in their financial outcomes


Regulation, growth and access to justice: why legal services need a reset

Well-intentioned consumer protections embedded in the regulation of legal services increasingly act as barriers to innovation, competition and access to justice.