Legal News

SRA pushes “proactive supervision” as it mulls compliance role reform

The Solicitors Regulation Authority is to focus on proactive supervision of higher-risk law firms as it considers changes to its compliance officer rules.

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Private client market report: More revenue, fewer firms

The private client market continues to grow, hitting £3.2bn this year, despite the number of law firms in it falling by 12% over the past five years, according to new research.

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Law Society: You may sometimes need client consent to use AI

Law firms may need client consent to use AI in some situations, while those charging on a time basis “should not bill for the time that a task would have taken had AI not been used”.

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Split over need for new top band in guideline hourly rates

The working group charged with introducing a new higher band to the guideline hourly rates for heavyweight commercial work is split over whether it is needed.

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Blog


How ELD NextGen will improve employers’ liability tracing

The Employers’ Liability Tracing Office is continuing work towards the launch of ELD NextGen, the next generation of the employers’ liability database, in early 2027.


Fifteen years on: Lessons from ABS reform

Fifteen years ago this month saw the very first alternative business structure. At the time, the prospect of non-lawyers owning law firms was dubbed ‘Tesco Law’.


Hybrid working and client money controls – be aware of the risks

For legal finance teams, remote working has changed how information moves, how approvals are obtained and how colleagues communicate.