Compliance & Regulation
Unregulated providers growing share of consumer and SME markets
The unregulated sector may account for up to 9% of the total market for individuals’ legal needs and up to 39% for small businesses, Legal Services Board research has indicated.
Call to beef up rules on discrimination and harassment by barristers
The rules against discrimination and harassment by barristers need to be strengthened by removing the requirement that the actions be unlawful, two QCs have argued.
Axiom Law enters regulation for first time with US ABS
Leading alternative legal services provider Axiom Law has moved into regulated services for the first time after being granted an ABS licence in the US state of Arizona.
Judge calls for guidance on rights of unqualified agency advocates
County court judges would benefit from “more authoritative guidance” from the higher courts on whether unqualified solicitor’s agents have rights of audience, a circuit judge has said.
Partner fined after charitable trusts used client account as bank
A charity law specialist who allowed two charitable trusts to use his firm’s client account as a banking facility has been fined £2,000 by the Solicitors Regulation Authority.
Regulators must tackle “out-of-date” lawyers, LSB says
Regulators must take action to ensure that lawyers are not operating with “out-of-date” skills or knowledge, the Legal Services Board has said.
FCA toughens up new claims management company ‘phoenixing’ ban
The Financial Conduct Authority is going ahead with a tougher version of a ban on ‘phoenixing’ by financial services claims management companies, which will come into force next month.
Oversight regulator “very concerned” about ethics of commercial lawyers
The LSB has expressed “very significant concerns” about the professional ethics of in-house and commercial lawyers in the wake of a series of incidents which raised “difficult ethical questions”.
QC suspended over failure to disclose key evidence to defence
A very senior criminal law QC has been suspended for a year over a decision not to disclose surveillance evidence which ultimately led to a conviction being overturned on appeal.
Complaints about SRA rise on back of major law firm closure
The Solicitors Regulation Authority has been hit by a wave of complaints relating to its closure of law firm consolidator Kingly Solicitors in the summer of 2020.
Blog
Business fatigue to AI will risk job security
Whilst we know professional learning has always been part of career paths, to hire, retain and keep talent, AI needs to be embedded as a core part of this training.
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.
