Latest news
First post-PACCAR bid to invalidate litigation funding agreement fails
The High Court has rejected the first bid to use the Supreme Court’s PACCAR ruling by a company looking to invalidate a litigation funding agreement it had signed up to.
AI could revolutionise lawyers’ approach to costs, says judge
Generative AI like ChatGPT could revolutionise the way that lawyers deal with costs, rendering detailed assessment largely unnecessary, a High Court judge suggested last week.
Judge refuses Indian lawyer right to address High Court
The High Court has refused an Indian lawyer permission to appear for an Indian company that had dismissed its English solicitors and barristers shortly before trial.
Law Society wants single AML supervisor for legal services
The Law Society has argued for a single supervisor of anti-money laundering activity for the legal sector in England and Wales.
Unbundling “empowers client” and optimises solicitors’ billing
Clients using unbundled legal services feel empowered by having control of their own case, while it is the best way for solicitors to bill every minute of their time, a pioneering family lawyer says.
Law firm creates new partner level between salaried and full equity
A Yorkshire law firm has introduced a ‘tailored equity’ scheme to act as a “stepping stone” between being a salaried partner and full equity.
Law firm fails in bid to stop winding-up petition advert
The High Court has refused to grant a Welsh law firm that owes a disbursement funder £2.2m an injunction to prevent the lender from advertising a winding-up petition to other creditors.
“Great deal of work” still needed on barrister apprenticeships
There is still a “great deal of work” to be done to ensure that barrister apprenticeships are ready for launch, the Bar Standards Board has warned, even though it is set to move closer today.
Solicitors told to brace for “radical” rise in compensation fund costs
Solicitors were yesterday warned to brace for a “radical” increase in their contributions to the SRA Compensation Fund following the interventions into Axiom Ince, Metamorph and Kingly.
Law firms warned over lack of AML risk assessments
The Solicitors Regulation Authority has warned law firms that they must carry out client/matter risk assessments or risk being subject to a new system of fixed penalties.
Blog
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.
From ‘year zero’ to £6.5m – how a law firm found its second life
In 2018, I hit what I call ‘year zero’. On paper, Olliers Solicitors was a top-tier criminal defence firm but beneath the surface, I could see we were at a crossroads.
