Latest news
Another private equity-backed deal leads way in latest M&A
North-West law firm Farleys – part of private equity-backed Lawfront – has completed another acquisition as the group continues to grow, in our latest M&A round-up.
“Fast conveyancing” firm meets accelerated target 80% of the time
A law firm that promises home movers “fast conveyancing” has told Legal Futures that it meets its targets for accelerated exchanges 80% of the time.
Centre for People’s Justice brings together lawyers, actors and more
A coalition of 45 organisations has been formed to support a £5.8m project aimed at connecting people more closely to the law.
Legal Ombudsman increases budget further despite opposition
The Legal Ombudsman is to increase its budget by £2m or 11.4%, having received fierce criticism of its initial plan for a 10.2% rise – but it was nearly even more.
Tier 1 medical agency quits MedCo amid fee and payment issues
There are now just nine tier 1 medical reporting organisations available on MedCo after one resigned from the system citing payment delays among other issues.
Paralegal fabricated email to cover up error
A paralegal has been banned from the profession for fabricating an email in a bid to cover up a mistake she made that led to a case being struck out.
Consultancy takes over running of Bar Sustainability Network
The Bar Council has transferred delivery of the Bar Sustainability Network from itself to a consultancy that specialises in running carbon-cutting initiatives across the legal profession.
Poor conduct of consumer claims “will see more firms collapse”
At least 15 consumer claims law firms have gone bust in the last five years owing more than £400m and poor practices in the sector will likely lead to more, a leading insurer has predicted.
“An unprecedented number of investors are looking at law right now”
In the second part of this interview, Will Evans, who leads the professional services team at Arrowpoint Advisory, talks about the next steps for private equity investment in the law.
Solicitor breached undertaking and loaned client cash to correct it
A solicitor who paid away proceeds of a property sale in breach of an undertaking and then loaned the client the money to make up the shortfall, has been fined for misconduct.
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.
