Compliance & Regulation
Traditional partnerships dying out as ABSs top 1,000
The traditional partnership is now the least popular form of law firm structure, while alternative business structures now make up more than 10% of all practices, new figures have shown.
BSB prosecutions of striking barristers “unlikely to succeed”
The Bar Standards Board would be “ill advised” to take disciplinary action against barristers who take part in the strike action over legal aid rates, as dozens of QCs complain about the Lord Chief Justice.
Lord Chief Justice and BSB warn striking barristers of disciplinary risks
The Bar Standards Board has told striking barristers that it will focus in particular on any harm caused, following the Lord Chief Justice’s warning that their actions may amount to misconduct
SRA seeks whistleblowing role as part of SLAPPs action
The Solicitors Regulation Authority is set to make it easier for law firm staff to blow the whistle on their employers, as part of its work on SLAPPs – of which it is investigating more than 20.
Costs lawyers urged to play bigger role in “out of control” market
The whole profession needs to address “out of control” legal costs, a major new report has concluded, but costs lawyers have a significant role to play in exerting downward pressure on them.
SRA reports £161m of suspect transactions by law firms to NCA
The Solicitors Regulation Authority has reported £161m worth of suspect transactions involving the profession to the National Crime Agency, with failures to check the source of funds the main trigger.
Family specialists choose employee ownership over acquisition
The founders of a specialist family law firm have spurned potential acquirors to transfer it instead into an employee ownership trust, saying the move sends a positive signal to would-be staff.
Solicitor who let one mistake “snowball” fined by tribunal
A solicitor who let one mistake on a property sale snowball so that it affected multiple transactions in a portfolio has been fined £10,000 – even though he preferred to be struck off.
Solicitor struck off for blue badge misuse fails in High Court appeal
A solicitor who used a disabled badge that did not belong to him nine times to park near his law firm has failed in his appeal against being struck off.
Partner suspended over gift from client and seeking introduction fee
A former partner at listed law firm Gateley has been suspended for a year after accepting a £2,500 cash gift from a client and later asking the client for an introduction fee.
Blog
On good authority? GenAI and the reputational risks to law firms
As GenAI’s influence grows, so do the risks which are already playing out in courtrooms across England and Wales, where some early adopters are setting precedents they would rather not.
Why this is the year for law firms to embrace generative AI
After more than a year of pilots, proofs of value and early experimentation, firms are increasingly embedding AI into day-to-day workflows.
Client account interest is not spare change
The proposed Interest on Lawyers’ Client Accounts scheme is being framed as a sensible, international, “tried and tested” way for the profession to help fund a justice system under strain.
