Latest news
Second local authority ABS: we are not a threat to law firms
HB Public Law, the shared legal service set up by Harrow and Barnet Councils, has been granted an alternative business structure licence by the Solicitors Regulation Authority (SRA).
Slater & Gordon eyeing yet more acquisitions as it hits £100m revenue mark in UK
Slater & Gordon has announced UK revenues of just over £100m for its last financial year, and indicated that further acquisitions are to come in the coming 12 months.
Tax barristers should report colleagues who break rules, Davies says
Tax barristers who have evidence of colleagues breaking the rules should report it to the Bar Standards Board (BSB), chief executive Dr Vanessa Davies has said.
QASA challenge could cost criminal barristers £215,000
The Criminal Bar Association and circuits could face a £65,000 bill – nearly twice what they had hoped for – if their Court of Appeal bid to derail the Quality Assurance Scheme for Advocates (QASA) fails, it has emerged.
Visitors uphold fine for pupillage head who ignored online applications
The Bar’s disciplinary tribunal was right to fine the head of a pupillage committee at a London chambers who ignored 98 online applications, the Visitors to the Inns of Court have ruled.
First local authority ABS receives green light
The Solicitors Regulation Authority has finally licensed the first local authority alternative business structure (ABS), after approving the collaborative law firm set up by two Buckinghamshire local authority legal teams, Legal Futures can reveal.
LSB extends time for indemnity decision
The Legal Services Board (LSB) has extended by up to two months the time it can take to decide whether to approve a cut in the minimum indemnity limit for law firms.
Quindell fights fire again as share price rollercoaster continues
Alternative business structure Quindell plc sought to halt yet another run on its shares yesterday by issuing its second trading update in little over three weeks.
Lower indemnity limit would “attract discount in premiums”, SRA insists
The Solicitors Regulation Authority has insisted that a lower minimum limit for indemnity insurance would “attract a discount in premiums” for law firms as it sought to counter widespread criticism of its plans.
CML warns of “fast and potentially drastic action” if indemnity limit is cut
The Council of Mortgage Lenders (CML) has warned that cutting the minimum indemnity limit for law firms could force lenders into taking “fast and potentially drastic action”.
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.
