Latest news
Only 5% of people with legal problems seek advice from solicitor
Half of people have experienced a legal problem in the previous 18 months but only 5% of them went to a solicitors’ firm for help to deal with it, major government research has shown.
Non-lawyer owner of ABS banned for operating without lawyer
The non-lawyer former owner of a law firm has been disqualified from involvement in another one after breaching the terms of its authorisation as an ABS.
SRA: Solicitors “lack confidence” over artificial intelligence
Solicitors’ lack of confidence about lawtech and AI could lead to them missing out on the opportunities – and put their clients at risk too, the Solicitors Regulation Authority has said.
Rosenblatt hits back in public row: listed legal business “is insolvent”
Ian Rosenblatt claimed yesterday that he set up a new law firm to buy his old one back because listed business RBG Holdings is insolvent.
City firm partner fined for unwitting role in property fraud
A property partner who failed to undertake proper anti-money laundering checks on a client involved in a “substantial fraud” has been fined £27,500.
Solicitors with civil higher rights poised to overtake criminal
The number of solicitors with civil higher rights of audience is poised to overtake criminal for the first time, Solicitors Regulation Authority figures have shown.
New Bar Council chair urges proactive coaching for all barristers
Having a coach to support wellbeing should be part of everyday practice at the Bar like having an accountant and insurance, the new chair of the Bar said last night.
PE-backed injury giant unveils latest major acquisition
Private equity-backed injury specialist Fletchers Group has unveiled its fourth law firm acquisition in little over three years in the shape of North-West firm Scott Rees & Co.
The battle of RBG: listed legal business fires solicitor founder
The board of listed legal business RBG Holdings has terminated founder Ian Rosenblatt’s consultancy agreement amid accusations that he is setting up another law firm.
KPMG to break new ground by launching ABS in America
KPMG is set to become the first of the Big Four accountancy firms to set up a regulated law firm in the US after applying for a licence in the state that allows non-lawyer owners.
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.
