Company & Commercial

Nearly three out of 10 corporate general counsel plan to cut spending on external lawyers – the highest proportion since 2020, a report has found.

City giant A&O Shearman can make the argument that others were to blame for a mistake that has so far cost its client Nationwide £83m, the High Court has ruled.

The law firm set up last year by a fast-growing accountancy consolidator has applied to become an alternative business structure so as to expand its range of services.

Law firms should adopt a ‘legitimate provenance of wealth test’ when taking on clients as part of an ethics-based approach that goes beyond legal or regulatory tests.

The UK legal services market grew by 10% to £52bn last year and is heading towards a strong 2025 too, according to new research.

An Australian law firm offering SMEs unlimited, on-demand legal services on a subscription basis is set to expand its UK operation after taking private equity investment.

A major City law firm can continue bringing a case it took on assignment from former clients which could mitigate a possible professional negligence claim.

The Solicitors Disciplinary Tribunal has castigated the Solicitors Regulation Authority for prosecuting a law firm and two partners based on “accusation without evidence”.

A legal business has pledged only to charge clients a “small mark-up” on services provided by AI, predicting that other law firms would “hate” it doing this.

The Post Office scandal shows that company boards need to have “responsible oversight of legal risk” and not show “excessive deference” to legal advice, according to the IoD.