Latest news
Quindell price nosedives again as Terry sells 25m shares
The share price of alternative business structure Quindell went into meltdown again today after it emerged that founder and former chairman Rob Terry has sold 25m shares over the last fortnight.
Calls for government to invest in online dispute resolution as part of digital legal services push
The government should invest in online dispute resolution for small claims – but not until 2016 so lessons can be learnt from pioneering projects in Holland and Canada, a major report has advised. Meanwhile, Professor Richard Susskind has called for ODR to be explored “urgently”.
New Bar leader: young barristers should take place of paid McKenzie Friends
Junior barristers should get themselves accredited for public access work and act in cases where people are currently relying on paid McKenzie Friends, the new Bar Council chairman has said as he promised to promote direct access to the public.
Olympic lottery boss takes over at Legal Ombudsman
Ian Brack, formerly chief executive and chief accounting officer of the Olympic Lottery Distributor, has been appointed interim chief executive of the Legal Ombudsman in succession to Adam Sampson after his resignation last month.
LeO names immigration barrister in first ‘public interest’ publication
The Legal Ombudsman has exercised for the first time its power under the Legal Services Act to name “in the public interest” a lawyer responsible for a series of complaints.
LSB foresees increased turbulence in market as more firms enter, exit and merge
There is set to be increased turbulence in the legal market, with more new entrants, consolidation and the exit of those who cannot adapt, the strategy director of the Legal Services Board has predicted.
Tax man gives solicitors three months to come clean on undeclared income
HM Revenue & Customs (HMRC) has opened up a three-month window for solicitors to own up to income they have not declared, or face tougher penalties if they are caught dodging tax.
Riverview launches separate tech business as it targets in-house with software products
Riverview Law is setting up a separate business which will own and exploit the technology built by the alternative business structure over the last three years. The first move has been for Riverview itself to launch a range of software modules targeted at in-house legal teams.
Quindell calls in PwC to conduct review in bid to head off cash flow concerns
Alternative business structure Quindell has called in PwC to conduct an independent review of the business, with the issue of its cash flow a key focus, it announced this morning.
Revealed: Law Society did not seek advice on Sharia law before issuing controversial wills guidance
The Law Society did not consult any experts in Sharia law before issuing the controversial practice note on Sharia-compliant wills that it was forced to withdraw last month, it has emerged.
Blog
Amplifying reach through employee-driven thought leadership
Nine in 10 executives believe thought leadership is critical to building authority, yet only a quarter feel they have implemented a robust strategy.
Divorce escrow: asset sales before final settlement
When significant matrimonial assets are sold before a final financial order is agreed, holding the proceeds safely and neutrally can present real practical challenges.
AML lacks clarity – and standards are suffering
If firms are buckling under the pressure of AML regulations, subject to ever-increasing fines, then something is clearly not working as it should be.
