Latest news
Huge hike in compensation fund levy to go ahead
The Solicitors Regulation Authority is pressing ahead with a huge hike in the compensation fund levy in the wake of the spiralling cost of law firm failures.
Aggregation fears “set to drive up cost” of indemnity insurance
Solicitors may face a more restricted professional indemnity insurance market this year amid growing concern over limitations on insurers aggregating claims.
Accusations fly amid “hostility” between LSB and Bar regulator
Relations between the Legal Services Board and the Bar Standards Board are close to breaking point over the speed of reform at the barrister regulator.
SRA reports two law firms to Treasury for breaching Russia sanctions
The Solicitors Regulation Authority has reported two law firms to the Office of Financial Sanctions Implementation, part of the Treasury, for breaching sanctions on Russia.
Boss struck off over pension cash misuse – but fellow partners cleared
A managing partner who used staff pension contributions to prop up his firm has been struck off, but his two equity partners were cleared of misconduct.
£350m sale of PI group in the offing as turnover and profit soar
Private-equity backed personal injury business Winn Group has reported soaring revenue and profit amid talk that it is to be sold for £350m.
Time to reset legal regulation and ethics, says consumer panel head
The new Lord Chancellor, Shabana Mahmood, needs to recognise the need for an overhaul of the legal regulatory regime, the new chair of the Legal Services Consumer Panel has argued.
Fine and reprimands for barrister over conduct as law firm owner
A barrister has been fined £5,000 by a Bar disciplinary tribunal, after he failed to report an SRA investigation into the removal of 242 wills from a law firm he owned.
Insurers win costs orders against Anexo over credit hire
A circuit judge has made four non-party costs orders against the credit hire arm of AIM-listed Anexo Group, whose customers have to use its law firm, Bond Turner, to recover its costs from insurers.
Solicitor used client money to keep PI firm afloat
A solicitor who “repeatedly” transferred money from client to office account to prop up his firm has been struck off by the Solicitor Disciplinary Tribunal.
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.
