Latest news
PE-backed law firms outperform market as revenues soar
Law firms backed by private equity have seen revenue growth of 30% in the last two years, twice the rate of the top 50, according to new research.
Solicitor suspended for not disclosing own-interest conflict
A law firm owner has been suspended for not disclosing conflicts of interest to clients, including that his wife was a director of the property development company they were buying from.
Solicitors set to pay £38m towards Law Society’s representative work
Solicitors are set to pay £38m towards being represented by the Law Society after it announced plans for a 2% rise in the income it takes from the annual practising fees.
Judge “helped duty solicitor avoid security checks”
A tribunal judge who let a solicitor bypass security checks to enter a courthouse – leading to a confrontation with security staff – has been given formal advice for misconduct.
Listed firm eyes more acquisitions after agreeing big credit facility
Pioneering listed law firm Gateley has announced a new £80m revolving credit facility as it eyes further acquisitions alongside organic growth.
Council fines law firm for breaking law in collecting rent for clients
The First-tier Tribunal has upheld an £8,400 fine imposed on a law firm for not belonging to a client money protection scheme while collecting rent for properties owned by clients.
“You’ve put a target on my back” – Hamas barrister attacks TV presenter
The barrister acting for terror group Hamas has accused a Talk TV presenter of putting a “target on my back” by associating him with his client.
$940m and counting – A&O Shearman among latest to cut Trump deal
Five more leading law firms – including Anglo-American giant A&O Shearman – struck deals with President Donald Trump this weekend to avoid being targeted by punitive executive orders.
Law firm employee banned for lying to client about complaint
A law firm team manager who misled a client about the progress of his complaint rather than admit a mistake has been barred from working in the profession.
Lawyers for Hamas under spotlight over bid to remove terror label
A South London law firm representing Hamas has put itself at the centre of a political and social media storm after applying to have it removed from the list of proscribed organisations.
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.
