Compliance & Regulation
Legal regulators advise MPs on changing code of conduct
The chief executives of the Solicitors Regulation Authority and Bar Standards Board yesterday recommended MPs adopt a principles-based approach to regulating outside interests.
Firms, not solicitors, to feel impact of 11% rise in cost of practising
The cost of practising as a solicitor is set to increase by 11%, or £16.6m, in the next year, although the financial impact will be felt by firms rather than individuals.
Disciplinary tribunal fines law firm £58,000 for AML breaches
The Solicitors Disciplinary Tribunal has fined an East London law firm £58,000 for anti-money laundering rule breaches over a six-year period.
Big rise in complaints about SRA’s handling of intervention files
The number of clients complaining to the Solicitors Regulation Authority about its failure to retrieve their documents after it shut down a firm has shot up by over 50%.
Law firm named by LeO hits out at “egregious” decision
One of the law firms named by the Legal Ombudsman in the first three full findings it has published has described the decision to do so as “egregious”.
Chambers distances itself from barrister over aggressive tweets
Garden Court Chambers has distanced itself from comments made by a pro-Palestinian member, which included him telling one X user to “Get my name out of your mouth, fascist-Zionist scum”.
More consumers than ever choosing unbundled services
The proportion of consumers choosing unbundled legal services has hit its highest ever rate at just over a fifth, according to research for the Legal Services Consumer Panel.
LeO names firms “in public interest” as it publishes first full decisions
The Legal Ombudsman has published three of its final decisions in full for the first time, including the names of the firms involved, arguing that the move increases transparency.
Infected blood inquiry urges SRA to crack down on ‘no win, no fee’ offers
The head of the infected blood inquiry yesterday called on the SRA to tell solicitors that they should not be charging clients making a claim for compensation.
Paralegal rebuked for £1.85m payment error
A senior paralegal has been rebuked for wrongly requesting the release of at least £1.85m to a property developer which later went bust, leaving his law firm to repay buyers.
Blog
Why law firms are getting AI supervision wrong
The profession’s response to AI supervision failures misunderstands the nature of LLM output – there needs to be for a shift in the culture.
Beyond the PII premium – rethinking risk
Professional indemnity insurance renewal is often treated as an annual pricing exercise. But it is also a chance to show how effectively you identify, manage and mitigate risk.
The AI governance gap in law firms and why it matters now
A third of law firms are already using AI tools with no formal policy in place to govern how AI gets used, what data goes into it, or who’s accountable when something goes wrong.
Reports
Associates
