Latest news
Law firm launches consultancy to help investors enter legal market
City law firm Kingsley Napley has launched a strategic regulatory advice service for private equity firms and other investors eyeing up the UK and international legal market.
Small law firms embracing AI as they move away from hourly billing
Small law firms have embraced artificial intelligence, with document drafting or automation the most popular application, according to new research.
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.
Blog
When the person who needs help is the partner
A law firm can have excellent support on paper and still have a serious gap. The gap is the person who cannot imagine using it.
SRA supervision and AI: what firms will be asked to prove
AI intensifies scrutiny of whether firms can demonstrate that they were in control of the systems through which legal services were delivered.
How ELD NextGen will improve employers’ liability tracing
The Employers’ Liability Tracing Office is continuing work towards the launch of ELD NextGen, the next generation of the employers’ liability database, in early 2027.
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