Latest news
Law firm directors did not breach duties in setting up competitor
The Court of Appeal has refused to overturn a ruling that two former directors of a law firm were not in breach of their duties by taking preparatory steps to set up a competitor.
SRA worried about firms over-reliant on client account interest
The SRA will ask next week whether it is ever right for solicitors to retain interest received on client account money, saying it is worried that some firms rely on it to stay solvent.
Unapologetic SRA dismisses Axiom Ince report as “opinion”
The leaders of the SRA yesterday refused to apologise to the profession about the Axiom Ince collapse as they dismissed the report criticising its actions as just opinion.
Strong results for law firms despite high inflation
Four out of 10 law firms increased revenues above inflation in the last financial year, while 89% expect revenue to go up in the current year, research has found.
Top IP law firm settles claim alleging years of overcharging
The claim that IP law firm Marks & Clerk overcharged thousands of small businesses by operating a ‘secret commissions’ scheme has been settled with payments but no admission of liability.
Axiom Ince failures are “history for us”, says SRA chair
What went wrong with the Solicitors Regulation Authority’s supervision of Axiom Ince is “in many respects… history for us”, the regulator’s chair told the profession today.
Professional services network enters law with £6m deal for Surrey firm
A professional services business focused on finance and accountancy has made its first foray into the legal market with the £6.1m acquisition of a fee-share law firm.
SRA imposes “interim” conditions on work of SSB Group chief
The Solicitors Regulation Authority has imposed conditions on the practice of SSB Group co-founder Jeremy Brooke while it continues its probe into what went wrong.
Solicitor suspended for allowing unadmitted person to run law firm
A solicitor who allowed an unadmitted “friend” to run a law firm of which he was nominee director and shareholder, has been suspended for two years.
Law firms treating AML training as “tick-box exercise”
Many law firms treat anti-money laundering training as a “tick-box exercise”, the Solicitors Regulation Authority has found.
Blog
AI and law firm risk – the view of professional indemnity insurers
In considering law firm applications for cover, many insurers will expect to see evidence of how firms are adapting to AI and preparing for the future.
Automation in personal injury claims: The evolving legal risks
As automation tools become more sophisticated, they are increasingly used for more complex tasks, such as interpreting evidence and informing case strategy, particular in the PI sector.
A new era of legal operations
What we are seeing in the UK legal market is extraordinary change that will greatly influence how firms operate and compete for years to come.
