Latest news
Specialist PI firm targets white-label deals with insurers after winning ABS licence
The latest personal injury law firm to become an alternative business structure is eyeing up the opportunity of offering insurers a specialist white-label service, it has emerged. Without the status, “you can’t get off the starting blocks,” said its chief executive.
City solicitors strike deal with commercial Bar over special terms of business
The City of London Law Society and Commercial Bar Association have published model terms of business for barristers instructed in commercial cases after more than two years of negotiation. The Bar Council’s new standard terms were deemed unacceptable by some solicitors.
Revised QASA timetable confirms new nine-month delay
The Quality Assurance Scheme for Advocates (QASA) will start in September, nine months later than planned, it was announced yesterday. The revised timetable was released just hours before heads of chambers met to discuss their response to QASA.
Bar Council and Law Society at loggerheads as standard terms of contract come into force
Barristers could end up uninsured and in financial hardship if they agree to variations of their new standard terms of contract recommended by the Law Society, the Bar Council has warned. It said it was “surprised and disappointed” at the tone of Chancery Lane’s practice note.
SRA needs to hold "overzealous lawyers" to account for advice that enables client wrongdoing
Transactional lawyers should be held accountable if their advice is used by clients for unlawful acts and strict conduct rules are necessary to police this rather than an outcomes-focused principle, law academics have argued.
Small firms left at the altar as mid-sized practices eye merger opportunities
Mid-sized law firms are looking more likely to secure mergers in the coming months than their smaller brethren, new research has indicated. The survey of 92 firms found that most of the firms that had received or made multiple approaches had at least 10 partners.
Law Society hits out at 'inadequate' client-care rules in Bar's new public access training
The Bar Standards Board’s plans to strengthen public access training for newly qualified barristers in client care are inadequate and should include extensive supervision to ensure competence as is required of trainee solicitors, according to the Law Society.
Simplify the Law owner unveils cash injection from external investor
Evident Legal, the law firm franchise turned online legal service Simplify the Law, has secured a cash injection from a venture capitalist to help it grow. The investor, ARC InterCapital, was set up by former Goldman Sachs vice-president Andrew Dixon.
If at first you don’t succeed… SRA tries again to increase £2,000 fining power
The Solicitors Regulation Authority is again lobbying the government to raise the amount it can fine traditional law firms after its previous attempt to catapult the limit from £2,000 to £250m was rejected last autumn. The revelation came in a consultation on proposed fining guidelines.
ABS specialising in claims by builders and cabbies eyes external investment
A law firm that has innovative web-based personal injury brands, including those directed at the building trades and taxi drivers, is to investigate external investment after winning its alternative business structure (ABS) license.
Blog
When AI becomes a line on the client’s bill
On 23 June, Legora changed how it charges. The platform announced that its most capable product was moving away from a flat per-seat licence fee to consumption-based pricing
Which legal AI will still matter in 12 months?
Four years ago, when senior partners asked me which legal AI they should buy, I would have walked them through a vendor comparison. Now I tell them the question is wrong.
Supreme Court redraws line between member and employee in LLPs
For anyone advising professional services firms on LLP structuring, and of course for those in LLPs themselves, last week’s Supreme Court ruling is an essential read.
