Latest news
Number of conveyancing solicitors slumps as market contracts
The number of conveyancing firms and particularly solicitors has dropped significantly over the past two years in line with the major downturn suffered by the property market.
Costs lawyers “bullish” about impact of fixed costs extension
Costs lawyers have had a good year, with a healthy proportion reporting growth in excess of 10% and many bullish about the impact of more fixed costs, according to their representative body.
Leading firm fined £101,000 for anti-money laundering failures
A leading South-West law firm has been fined £101,357 for failing to act over money laundering red flags on three property transactions, two of which may have involved a sanctioned entity.
Legal Services Board eyes 14% increase in budget
The Legal Services Board is considering a 14% increase in its budget in a bid to strengthen its “direct oversight” of the frontline regulators’ performance.
SDT was wrong to slash SRA’s prosecution costs, High Court rules
The Solicitors Disciplinary Tribunal was wrong to slash the costs of the Solicitors Regulation Authority in a successful prosecution by 78%, the High Court has ruled.
Law firms “may avoid high-risk work” under new complaints rules
Law firms may avoid carrying out work in “high-risk sectors” under the new regime planned by the Legal Services Board for client complaints, the Law Society has warned.
Lawrence the ‘AI paralegal’ passes SQE with flying colours
An ‘AI paralegal’ has aced the Solicitors Qualifying Exam, demonstrating his functioning legal knowledge is in line with the regulator’s expectations of junior solicitors.
Tribunal approves first post-PACCAR litigation funding agreement
The Competition Appeal Tribunal has approved a litigation funding agreement that was amended to take account of the Supreme Court ruling in PACCAR.
MPs launch inquiry into lengthening probate delays
MPs have launched an inquiry into probate in the wake of mounting concern about how long the process is taking, with HM Courts & Tribunals Service admitting to rising levels of complaints.
Steady growth this year at two of UK’s listed law firms
Two of the profession’s AIM-listed law firms this week announced positive trading updates, with revenues up by 7% at Gateley and 6% at Knights.
Blog
Mazur: a symptom not a cause?
If Mazur is a symptom, what does it mean for the underlying health of our civil justice system: the ‘finest legal system in the world’?
Cross-generation collaboration: the key to in-house legal tech adoption
In-house legal function leaders will increasingly have to evolve their thinking on how to manage multigenerational teams containing differing levels of technological expertise.
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.
