Latest news

Solicitor founder of Axiom fund faces jail after fraud conviction

10 August 2022

The solicitor mastermind of the Axiom Legal Financing Fund was yesterday found guilty of five counts of fraud, fraudulent trading and money laundering, and told he faces a lengthy jail sentence

US lawyers uphold opposition to non-lawyer ownership of firms

10 August 2022

The American Bar Association yesterday stressed its continuing opposition to non-lawyer ownership of law firms, with a key mover claiming it was “protecting the public from profiteers”.

Lawyers of the future “could face pressure to upgrade brains”

10 August 2022

Lawyers of the future could face pressure to augment their “cognitive capacity” through neurotechnology if they want to become partners or meet client demands, a report for the Law Society has speculated.

Conveyancers “have duty to advise clients on climate risk” to properties

10 August 2022

There is a “growing body of opinion” that conveyancers have a duty of care to advise clients on the risks climate change represents to property, it was claimed today.

Court of Appeal: No implied duty of good faith in solicitor’s retainer

9 August 2022

There is no implied duty of good faith in a solicitor’s retainer, the Court of Appeal has ruled in rejecting an appeal by a law firm trying to recover £3m in fees from a former client.

Ex-partner fails in challenge to City firm’s accounts

9 August 2022

A law firm was wrong to make provision in its statutory accounts for all of the money owed by a fixed-share partner, but not when it came to the partners’ accounts, the High Court has ruled.

American Bar Association motion exposes ABS fault line

9 August 2022

The widening fault-lines in the US legal profession over alternative business structures (ABSs) are set to be on show this week at the American Bar Association annual conference.

Judges to be disciplined by lay majority panels

9 August 2022

Disciplinary panels hearing cases of judicial misconduct will have lay majorities, the Ministry of Justice (MoJ) and the judiciary have decided, as part of a major overhaul of the system.

Law Society and SRA to recoup extra £10m from solicitors

8 August 2022

Practising fees for solicitors are to increase by 10%, or £10.4m, in the next year, with the practising certificate fee to rise £20, the Law Society and Solicitors Regulation Authority have proposed.

Claim against law firm lost by court still thrown out for late service

8 August 2022

The High Court has upheld a decision to throw out a negligence claim against a law firm because it was served too late – even though the court had actually lost the claim.

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