Latest news
Think tank calls for FCA to regulate third-party litigation funding
A right-wing think tank has called for the Financial Conduct Authority to regulate third-party litigation funding in the same way “as other investment products”.
Make wellbeing “part of lawyers’ performance assessments”
Lawyers’ approach to wellbeing should form part of their performance assessments, while firms should have “open and honest discussions” with clients about mental health.
Half of lawyers “regularly use credit because they’ve run out of money”
The proportion of lawyers saying they regularly use credit cards because they have run out of money has more than doubled in a year to almost half.
ABS backed by sovereign wealth fund sets up insurance business
A pioneering ABS is set to become the first law firm to launch its own PII product – for law firms, among others – and revealed it has investment from a sovereign wealth fund.
Simple errors in Land Registry applications cost conveyancers £19m
Conveyancers’ failures to get names right in applications to HM Land Registry is costing them up to £3.6m a year in fee-earner time to correct, the agency has estimated.
Law firm rebuked for not distributing estate after merger
A Surrey law firm that failed to deal with an estate it took on after merging with another practice has been rebuked by the Solicitors Regulation Authority.
Clinical negligence revenues set to slow as number of firms falls
Consolidation in the clincial negligence market will continue as the market slows over the next couple of years, a report has suggested.
Supreme Court: clients must agree specific costs deductions
Solicitors cannot deduct their costs from a client’s damages without their agreement to the precise amount, the Supreme Court ruled today.
Report: Trust in legal services high but more costs transparency needed
Most people have trust and confidence in legal services, but would like the Solicitors Regulation Authority to do more on their cost, major new research has found.
SRA: Timing of Post Office and Axiom Ince prosecutions uncertain
It is too early to say when prosecutions arising out of the Post Office scandal and Axiom Ince will occur, the chief executive of the Solicitors Regulation Authority said yesterday.
Blog
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.
The power of participation for trainees and apprentices
It’s important as a trainee or an apprentice to get involved in the life of your firm – even under the pressure of discovering how to navigate professional life and now the demands of the SQE.
