Latest news
Partner caution and client demands “limiting law firm growth”
The combination of a challenging economy, partner caution about investment, and changing demands of clients will be drags on growth this year, according to a survey of large law firms.
Court brands conduct of ex-Linklaters partner as “reprehensible”
A High Court judge has branded as “reprehensible” the behaviour of a former Linklaters partner in failing to return the $25m he was asked to invest on behalf of a Saudi princess.
Hundreds of police officer data breach claims struck out
Hundreds of police officers who brought data breach and misuse of private information claims where their pre-issue costs alone were £1.2m have seen their claims struck out.
Lawyers question effectiveness of new anti-SLAPPs law
The government last week backed a private member’s bill aimed at extending the new law on SLAPPs beyond economic crime to all types of litigation but lawyers have expressed concerns.
Solicitor struck off for antisemitic and offensive tweets
The Solicitors Disciplinary Tribunal today struck off the practitioner it found earlier this week had published antisemitic and offensive posts on Twitter.
Law-hungry PE house adds employment business to portfolio
Private equity business Inflexion has made its latest investment in legal services by acquiring one of the largest employment law businesses in the country.
Clyde & Co “failed to reflect on its own failures” in AML case
City firm Clyde & Co “failed to reflect on its own role” in AML rule breaches until a late stage and sought instead to blame one of its partners, the Solicitors Disciplinary Tribunal has held.
Completion of court modernisation programme delayed yet again
The court modernisation programme – which was originally meant to have concluded in 2020 – has been extended once more, with elements of it ditched as well.
Listed legal group raises £2.8m to reduce reliance on bank facility
AIM-listed group RBG Holdings – which encompasses London law firms Rosenblatt and Memery Crystal – raised £2.8m in funding yesterday, slightly more than it had sought.
Appeal judges reject attempts to blame lawyers for convictions
The Court of Appeal has rejected two separate attempts by convicted criminals to blame poor performance by lawyers for their convictions.
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.
