Latest news
Top firms put mergers at forefront of strategy as pressure from clients forces change, says report
Merger and acquisition activity is becoming a far greater strategic priority among the largest law firms, new research has shown – although most still remain wary of alternative business structures. It also highlighted how top firms are being forced to offer fixed fees.
Law Society, APIL and MASS agree Jackson compromise position
The Law Society, Association of Personal Injury Lawyers and Motor Accident Solicitors Society have agreed a compromise on the Jackson reforms that they are to propose to the government, Legal Futures can report. They have won the support of three key charities.
Government targets legal services regulation in ‘Red Tape Challenge’
The government is planning to slash unnecessary red tape around the regulation of legal services, it has emerged. The Red Tape Challenge – a government-wide initiative to cut the 21,000 regulations currently in force in the UK – will spotlight legal services in June.
RTA portal set for extension in April 2013 as MoJ begins process of cutting lawyers’ fees
The RTA portal will be extended to claims worth up to £25,000 in April 2013, the Ministry of Justice has confirmed as it began the process of reducing the level of fees paid to claimant lawyers under it.
BSB outlines framework to regulate ABSs and allow barristers to conduct litigation
The Bar Standards Board has launched its final scheme for regulating advocacy-focused alternative business structures in what it described as a “declaration of intent” to become the regulator of choice for advocates.
Court of Appeal admits ruling could discourage solicitors from acting for children
The way solicitors act for children in small claims is set to change dramatically following a Court of Appeal costs ruling last week, which the court itself recognised could discourage them from acting at all.
Big law firms told to allow trade in the value of their businesses
Large law firms should consider structures that allow them “to trade in the substantial value of their businesses”, a corporate advisory firm claimed yesterday. Europa Partners said that six of the top ten by value large enough to be included in the FTSE 100 if they were listed.
SRA set to delay COLP and COFA deadline
The 31 March deadline for law firms to nominate their new compliance officers is to be pushed back as a result of the continuing practising certificate renewal problems at the Solicitors Regulation Authority.
News round-up: Kennedys eyes investment, run-off cover call, Manchester firms’ growth stalls, and more
Our latest news round-up reports on City firm Kennedys’ likely need for external investment, Law Society lobbying over run-off cover, Mishcon’s new private client service, a review of Manchester firms’ financials and an anti-HSBC petition.
Solicitor receives suspended sentence for failure to co-operate with Legal Ombudsman
The High Court has handed a suspended four-month sentence to a solicitor who failed to co-operate with an investigation by the Legal Ombudsman. The judge only held back from committing him to prison because of his personal mitigation.
Blog
Santa’s Costa Living Crisis
It’s almost 25 December, so it must be time for the annual Christmas blog from Nigel Wallis, consultant solicitor at O’Connors Legal Services.
Five golden links for a caring Christmas and New Year
This time of year always sharpens thoughts about how we look after and support elderly clients and those, elderly or otherwise, who find themselves in vulnerable circumstances.
Amplifying reach through employee-driven thought leadership
Nine in 10 executives believe thought leadership is critical to building authority, yet only a quarter feel they have implemented a robust strategy.
