Latest news
Project eyes client interest and large firm levies to support advice sector
A project exploring new funding streams for the not-for-profit legal advice sector – including interest on client accounts and levies of large law firms – went live this month.
Top firm withdraws “rubbish” briefing on single-sex spaces
A City law firm with a leading employment law practice withdrew a briefing on last week’s Supreme Court ruling defining women after the successful claimant blasted it as “rubbish”.
CJC calls for “single digital court” to enforce judgments
The Civil Justice Council has called for a “single unified digital court” to enforce civil judgments, whether the judgment was obtained in the county court or High Court.
Partner struck off for misleading client and firm over visa progress
A partner who misled his client and his supervising partner about the progress of the client’s visa application has been struck off.
Hiring elite lawyers only works for law firms “with other stars”
Hiring star or elite lawyers generally does not work for law firms but it can if there are “other stars in the same area”, academics have found.
Solicitor who secured release of client’s money then breached rules
A solicitor who successfully released money frozen in a client’s bank account then broke the accounts rules by having it transferred into her firm’s client account.
Listed group’s lawyer owners mull taking it private
The lawyer couple behind listed credit hire and legal services group Anexo are set to team up with an asset management firm to take it private.
New practice area and location for top PI firm leads latest M&A
Top personal injury firm Express Solicitors has expanded out of Manchester with an acquisition that also takes it into the data breach market as we round up the latest M&A.
Most consumers no longer use solicitors for wills
The proportion of consumers using solicitors for their wills has dropped below half for the first time, a report has found, with unbundling growing in popularity.
PE-backed group launches private client law firm
Private equity-backed Beyond Law Group has completed its consumer law offering after launching a private client law firm as part of significant expansion plans.
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.
