Latest news


Law firm acquired by private equity aims to double in size in a year

8 November 2024

The latest law firm to be bought by private equity has ambitions to more than double in size in just a year, its chief executive has revealed.


Law firms tell SRA: we want to keep client account

8 November 2024

A poll of law firms has found almost complete opposition to the Solicitors Regulation Authority’s idea of preventing them from holding client money.


Fine for conveyancer who acted for lenders and himself

8 November 2024

A solicitor who acted for lenders in conveyancing transactions without telling them he was also acting for himself and family members has been fined £12,500.


Tribunal fines law firm for persistent transparency rule breaches

8 November 2024

The Solicitors Disciplinary Tribunal has fined a law firm over £20,000 for failing to comply with the SRA’s transparency rules and requirements to have a COLP and COFA.


City firm unfairly dismissed associate over party misconduct claims

7 November 2024

A leading City law firm unfairly dismissed a senior associate for sexual misconduct after a defective investigation and disciplinary process, an employment tribunal has ruled.


Law firm launches consultancy to help investors enter legal market

7 November 2024

City law firm Kingsley Napley has launched a strategic regulatory advice service for private equity firms and other investors eyeing up the UK and international legal market.


Small law firms embracing AI as they move away from hourly billing

7 November 2024

Small law firms have embraced artificial intelligence, with document drafting or automation the most popular application, according to new research.


Law firm directors did not breach duties in setting up competitor

7 November 2024

The Court of Appeal has refused to overturn a ruling that two former directors of a law firm were not in breach of their duties by taking preparatory steps to set up a competitor.


SRA worried about firms over-reliant on client account interest

6 November 2024

The SRA will ask next week whether it is ever right for solicitors to retain interest received on client account money, saying it is worried that some firms rely on it to stay solvent.


Unapologetic SRA dismisses Axiom Ince report as “opinion”

6 November 2024

The leaders of the SRA yesterday refused to apologise to the profession about the Axiom Ince collapse as they dismissed the report criticising its actions as just opinion.

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Blog


ABSs, cost and audits – fixing regulation after Axiom Ince

A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.


The new sexual harassment law: first among equals?

If there is a case for enhancing compensation for sexual harassment cases, then surely there is an equally strong case for enhancing compensation for other forms of harassment?


Harnessing legal frameworks to drive decarbonisation

Lawyers have a unique and pivotal role in the global push toward decarbonisation. They are stepping up to help organisations integrate sustainability into everyday operations.


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