Latest news
Knights adds Essex and IFA services in latest acquisition
National firm Knights yesterday announced its 24th acquisition since listing in 2018 with a £16.6m deal for Essex law firm Birkett Long that will take its annual revenues to over £200m.
Law firms “failing to be proactive on wellbeing”, says IBA
Developing a “proactive policy” to prevent wellbeing issues from arising appears to be a “significant challenge” for most law firms, a report by the IBA has found.
Exclusive: SRA authorises first AI-only law firm
The Solicitors Regulation Authority has for the first time authorised a law firm whose offering is solely provided by an AI-powered litigation assistant.
Mahmood: SSB and Axiom Ince show need for Legal Services Board
The collapses of SSB Law and Axiom Ince indicate a continuing need for the Legal Services Board despite the government’s focus on cutting red tape, the Lord Chancellor said last week.
Rebuke for solicitor who made baseless perjury threat
A solicitor who emailed an opposing litigant after they instructed lawyers and made baseless threats of perjury against them has been rebuked.
Judge strikes down Trump’s “unconstitutional” order targeting law firm
A US judge has ruled that the executive order by President Donald Trump aimed at the law firm that acted for Hillary Clinton amounted to “unconstitutional retaliation”.
IL4U wins summary judgment in claim brought by founder law firms
A claim brought by original law firm members of the Injury Lawyers 4U marketing collective over pricing changes made by its new owners has been thrown out.
City giant seeks to shift blame for errors that cost client £83m
City giant A&O Shearman can make the argument that others were to blame for a mistake that has so far cost its client Nationwide £83m, the High Court has ruled.
Investor points to law firm’s potential in opposing Anexo bid
The proposed bid for Anexo Group – the listed company that owns leading law firm Bond Turner – is a “predatory attempt” to buy it at a fraction of its value, one of its investors has warned.
SDT rejects solicitor’s “meritless” appeal over undertaking breach
The Solicitors Disciplinary Tribunal has rejected an appeal by a solicitor against a fine of £7,500 imposed on him by an SRA adjudication panel, describing it as having no merit.
Blog
Accountability has to live within governance, not with one person
The assumption has long been that a COLP or COFA is personally exposed to the consequences of anti-money laundering breaches.
The SRA’s client money reforms: good intentions, questionable execution
On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.
Recruitment, retention and reward in the legal accounts world
Understanding the legal finance market is important – not just for those actively involved in it day-to-day but also for leaders within law firms.
