Latest news
Law firms “could switch regulator” to evade financial mis-selling fee cap
Law firms have been told that moves to switch regulators to avoid fee caps being introduced for handling financial services mis-selling claims will be closely monitored.
Private equity-owned law firms progress acquisition strategies
One private equity-owned law firm has unveiled its latest acquisition, while another has announced a re-financing deal so it can buy more firms.
Law firm fails to strike out former partner’s unfair prejudice petition
Well-known London litigation firm Candey has failed in a bid to strike out an unfair prejudice claim brought by a former partner.
Employment can offer barristers more ethical protection
Being employed by companies or law firms can give barristers more protection when faced with ethical challenges than those in private practice, it has been suggested.
Law firm moves staff to four-day week
A law firm specialising in family and commercial work has seen fee income rise after introducing a four-day week. Staff are paid 100% of salary and their financial targets have not changed.
SRA issues M&A warning to law firm buyers and sellers
Solicitors have been warned by their regulator about undertaking adequate due diligence on mergers and acquisitions and putting client interests first when striking the deal.
One in four SME law firms yet to embrace SQE
More than a quarter of SME law firms (27%) have not yet embraced the Solicitors Qualiying Exam, and nearly a half are not offering solicitor apprenticeships, research has found.
Law firm fined for allowing COFA to steal £157,000
A law firm whose compliance officer for finance and administration stole £157,000 has been fined for not having proper systems governing payments from client account.
Fast-growing accountancy consolidator launches law firm
A private equity-backed accountancy firm that has built a £130m practice in just 16 months has now launched a law firm too.
PLAG “disappointed” by Law Society only postponing TA6
The group that forced the special general meeting of the Law Society for its work for conveyancers has criticised the decision only to delay implementation of the new TA6 form.
Blog
Regulate sole practices on evidence, not turnover
For a sole practice, the SRA’s plan that I cannot hold a compliance role if my firm has more than £600,000 of turnover is not a measure of risk. It is a ceiling on growth.
Is Google becoming pay-to-play for law firms?
For years, law firms have been told that SEO is the long-term alternative to paying for every click. That principle hasn’t disappeared but search results have changed significantly.
Material information and the case for intelligent client onboarding
Upfront information means work traditionally undertaken after an offer is accepted will need to happen earlier. And that fundamentally changes the role of client onboarding.
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