Compliance & Regulation
Economic crime levy “could impact law firm structures”
Some law firms may have to make structural changes to ameliorate the impact of the government’s economic crime levy, solicitors have warned.
Legal regulators slammed for “lacking expertise” on comparison data
Data already in the public domain cannot easily be adapted to help consumers choose a lawyer, mainly due to failings by legal regulators, according to research.
SDT releases Ecohouse documents to campaign group
The Transparency Task Force has been granted access to a limited number of documents used in Solicitors Disciplinary Tribunal hearings relating to a collapsed Brazilian property investment scheme.
Bar students need more pupillage data to avoid “buyer’s remorse”
Bar students should be given detailed information from chambers about their pupillage criteria to avoid suffering from “buyer’s remorse” when they realise how difficult it is to succeed.
SRA sends police money laundering reports linked to £180m of funds
The Solicitors Regulation Authority has almost quadrupled the number of suspicious activity reports it sends to the police about possible money laundering by law firms.
Unbundled family law service to expand as SRA eyes pilot
A pilot version of an unbundled family law service for litigants in person has enabled them to save 70% on legal fees and is to be expanded; meanwhile, the SRA is to run its own unbundling pilot.
High Court rejects appeal from sham marriages solicitor
The High Court has rejected an appeal from a solicitor struck off after being recorded by an undercover TV reporter giving advice on what he knew was a sham marriage.
London law firm launches novel association with Italian MDP
An English law firm and an Italian multi-disciplinary practice offering accounting, tax and unreserved legal services have formed a novel association to assist each other’s clients.
New ABS regulator grants first licence to lifetime planning business
CILEx Regulation has become the sixth body to license an alternative business structure after approving an application from lifetime planning and bereavement firm Trust Inheritance.
Students used by law firm for agency advocacy are ‘workers’
A Bar student who handled agency advocacy work through a law firm was a worker with certain rights and not self-employed, an employment tribunal has ruled.
Blog
It’s time for law firms to ask tougher questions
For years, many law firms have treated ID verification as a box-ticking exercise. Run a liveness check, match a face to a document and move on. But that is no longer good enough.
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.
