Latest news
LSB rejects plan to cut indemnity cover limit
The Legal Services Board (LSB) has rejected plans by the Solicitors Regulation Authority (SRA) to cut the indemnity cover limit for law firms from £2m to £500,000.
SRA to consult profession and public on ethical values
The Solicitors Regulation Authority is planning a major consultation on ethical values with the profession and the public next summer, chief executive Paul Philip announced yesterday.
Terry relinquishes right to nearly 9m Quindell shares
Former Quindell executive chairman Rob Terry has formally lost his right to buy back nearly 9m shares in the company under the sale and repurchase agreement that led to his resignation.
Parliament clears way for legal executive law firms
Chartered legal executives will be able to set up their own law firms in the New Year – a move that ILEX Professional Standards said would for the first time also give solicitors’ firms a choice of regulator, and that the government said would help consumers access legal services.
SRA reaches out to small firms
The Solicitors Regulation Authority has today set out a series of measures aimed at improving its relationship with small firms. It said it wanted to counter perceptions that the regulator is indifferent to small firms, and that it does not understand the practicalities of running them.
Non-lawyers and clients set pace in legal market
Expertise from outside the profession is becoming a vital part of the success of law firms and clients are increasingly dictating the pace of change in the legal services market, a panel of non-lawyer industry experts has said.
“Unbalanced promotion of competition” puts lawyers’ ethical standards at risk
The “unbalanced promotion of competition” in the legal services market “carries dangers” and puts ethical standards at risk, a major report based on a survey of 966 solicitors and barristers has concluded.
Datalaw secures venture capital funding as it gears up for new CPD era
Online training company Datalaw has secured a six figure investment from a northern venture capital fund and promised to quadruple the number of its continuous professional development (CPD) courses.
Law Society climbs down over Sharia will practice note and apologises
The Law Society yesterday withdrew and apologised for its controversial practice note on Sharia succession principles. Published in March, the practice note led to newspaper accusations that it was effectively enshrining Islamic law in the British legal system.
Keystone Law outlines post-investment growth plans
‘Dispersed’ firm Keystone Law has set out an ambitious growth strategy for the firm in the wake of taking external investment, which will see it more than double the number of its offices.
Blog
Mazur: a symptom not a cause?
If Mazur is a symptom, what does it mean for the underlying health of our civil justice system: the ‘finest legal system in the world’?
Cross-generation collaboration: the key to in-house legal tech adoption
In-house legal function leaders will increasingly have to evolve their thinking on how to manage multigenerational teams containing differing levels of technological expertise.
AI and law firm risk – the view of professional indemnity insurers
In considering law firm applications for cover, many insurers will expect to see evidence of how firms are adapting to AI and preparing for the future.
