Latest news
Third bolt-on acquisition for private equity-backed law firm
East Midlands law firm Nelsons has completed its third local acquisition, in the wake of its private equity owner adding another regional practice to its network.
BSB: No need for “anxiety” over barrister training standards
The evidence “does not support anxiety about standards” for qualifying as a barrister, despite rising numbers seeking to do so, the Bar Standards Board has said.
PE-backed Lawfront expands to South-East with latest acquisition
Private equity-backed Lawfront has made its fifth major acquisition and expanded to the South-East by acquiring Kent firm Brachers.
Lawyers and regulators oppose 10% rise in LeO’s budget
The profession has come out strongly against Legal Ombudsman plans for a 10% budget hike, arguing that throwing more money at it has not worked to date.
Director and law firm fined £50,000 for multiple compliance failures
The director of a law firm and the firm itself have each been fined £25,000 for a series of compliance failures, including widespread accounts rule breaches and anti-money laundering shortcomings.
CMC regulator warns about poor service standards
The regulator of CMCs has highlighted poor service standards, inappropriate sourcing of customers and misleading advertising as among its key areas of concern.
Rosenblatt cries freedom as he reclaims firm from listed business
The break-up of listed legal business RBG Holdings was confirmed today after Ian Rosenblatt celebrated taking back control of the law firm at the heart of it.
Group brings together law firm, funder, insurer and client builder
A new group bringing together businesses that fund, litigate, insure and recruit clients, especially to class actions, has been unveiled.
Judge slams “disordered and chaotic” state of family case
An exasperated Family Court judge has adjourned a final hearing, saying the case was in such a “disordered and chaotic state that it is simply impossible to proceed in a fair way”.
Litigators urged to start preparing for costs budgeting pilots
Litigators need to start preparing for a new era of costs budgeting, with three-year simplified pilots set to start in April, the Association of Costs Lawyers has said.
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.
