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Listed company buys specialist employment law ABS
A specialist alternative business structure has been bought by a listed company to boost its fast-growing national employment law business and compete with traditional law firms.
Law firm run as social enterprise aims to sit in “middle ground”
The founder of a not-for-profit law firm that operates as a social enterprise says he wants to sit in the “middle ground” between profit-focused law firms and the underfunded legal aid sector.
SRA “needs to monitor” enforcement staff more closely
The Solicitors Regulation Authority spends too much time on diversity training and monitoring, and not enough on assuring that its enforcement staff act in a non-biased way, it has been claimed.
Solicitor who submitted false oath agrees to leave profession
A former partner at a Yorkshire law firm who submitted a false statement to the probate court as part of the oath for executors has agreed to leave the profession.
Setfords unveils second round of private equity investment
National profit-share law firm Setfords is embarking on the next stage of its development after taking on Series B private equity investment, with its original investor exiting.
Surge in income but not profits for smaller law firms
The average fee income per equity partner at law firms with up to seven partners rose by 29% last year despite the pandemic, research has found. But profit per equity partner was static, with margins tumbling.
SDT clears pro-Beijing lawyer over “kill protestors” allegation
The Solicitors Disciplinary Tribunal has rejected allegations that a pro-Beijing lawyer and politician based in Hong Kong called for pro-independence protestors to be “killed mercilessly”.
Budget: Get ready for a very busy six months, conveyancers told
Conveyancers are facing more cliff edges and greater pressures on their practices following Chancellor Rishi Sunak’s decision to extend the stamp duty holiday.
Law Society president steps down ahead of SDT hearing
The president of the Law Society is to step down later this month in the wake of a High Court ruling that the SDT was wrong to dismiss a prosecution brought against him by a former client.
Legal aid fraud solicitor fails to set aside £5m judgment
A solicitor and her practice manager husband jailed for legal aid fraud have failed in their bid to set aside a default judgment for nearly £5m obtained by the Ministry of Justice.
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SQE’s earn-as-you-learn training opens door for new legal talent
Apprenticeships offer a different route into the profession which is focused on work-based learning from experienced practitioners. There are already more than 700 solicitor apprentices.
The rising risk of cybercrime for law firms
Cybercrime has increased significantly in recent years, causing untold damage to businesses and essential services. Cyber-security breaches cost billions of pounds and account for half of all crime in the UK.
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