Latest news

The Chartered Institute of Legal Executives (CILEx) has won the approval of the House of Commons to grant rights to conduct reserved probate and conveyancing work.

Outsourcing giant Quindell has claimed victory in a libel action against Gotham City Research, an American company which triggered a collapse in Quindell’s share price by publishing a highly critical report.

The Solicitors Regulation Authority (SRA) has hit back at criticism from the Legal Services Board (LSB) over its plans to cut the minimum compulsory cover for law firms from £2m to £500,000.

The “flaws and limitations” of the Legal Services Act are “all too apparent” and, as every year goes by, it is moving closer to “the regulatory equivalent of the knacker’s yard”, Professor Stephen Mayson has said.

Slater & Gordon has unveiled the next stage of its expansion, targeting the East Midlands after its latest acquisition enabled it to open an office in Derby.

The Solicitors Regulation Authority (SRA) is launching a crackdown on money laundering today, in conjunction with the National Crime Agency (NCA).

The Legal Services Board is to hire an external accountant to examine how the Law Society and other regulators spend money raised through compulsory practising certificate fees.

Pioneering alternative business structure NewLaw has made “an encouraging start” to life under the ownership of accident management business Redde plc, the company said yesterday, with profits of £2.1m in its first four months.

Falling revenue from personal injury work is the reason for the £5.1m loss announced by Co-operative Legal Services (CLS) yesterday, managing director Matt Howells has said.

Turnover is up by two-thirds in the two years since James Caan invested in Staffordshire-based Knights, the firm has announced. The firm, which has offices in Stoke, Chester and Cheltenham, has seen turnover go from £9m to £15m.