Latest news
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.
Regulators failing to support good-quality immigration work
Poor-quality immigration legal aid work is having “devastating consequences” for clients and better support from the Solicitors Regulation Authority would help, a report has found.
Private equity investors eyeing the full-service law firm model
We talk to Will Evans, a managing director at Arrowpoint Advisory, about how private equity activity in the legal market has sped up in recent months and looks set to continue.
OFSI: Lawyers’ sanctions failures mainly down to licence breaches
Most sanctions non-compliance by UK legal services providers is due to breaches of Office of Financial Sanctions Implementation licence conditions, it has revealed.
“Logjam” of old High Court cases “blocking new disputes”
A “logjam” of old cases at the High Court, with more than a quarter of cases taking up to three years to resolve, could be the reason for a “slight drop-off” in new actions last year.
Chartered legal executives could get standalone litigation rights
CILEx Regulation has launched plans for chartered legal executives to obtain standalone rights to conduct litigation without having to seek rights of audience at the same time.
Revealed: US grants first ABS licence to overseas law firm
Shine Lawyers, the Australian-listed personal injury and class action law firm, has become what is thought to be the first foreign firm to obtain an ABS licence in the USA.
Assistant solicitor fined for costly undertaking failures
An assistant solicitor whose failure to comply with an undertaking in a property transaction cost his firm’s insurer £440,000 has been fined £5,500.
Blog
What the Equality Act adds to a housing claim
For those working across housing disrepair, there is a danger in viewing every case primarily through the condition of the property.
The SRA and privileged material – this is not the end
All disclosure to the SRA must now exclude privileged material, which will not only hamper investigations but also cause additional work for firms providing disclosure.
Legal Ombudsman fee reforms risk widening the justice gap
Charging firms simply because a complaint moves through the process weakens the present connection between fees and fault. It could also encourage firms to settle for commercial reasons.
Reports
Associates
