Latest news
Social mobility at entry level “not translating into promotions”
Social mobility at entry level into law firms is often “not translating into promotion opportunities”, the new and youngest-ever president of Birmingham Law Society has said.
Insolvency funder to ramp up work on Bounce Back Loan recoveries
Leading insolvency litigation funder Manolete is to receive more cases from Barclays to recover Covid Bounce Back Loans that appear to have been misappropriated by company directors.
Acquisitions help propel fast-growing PI firm to rapid growth
The personal injury law firm aiming to become the largest in the country has had another year of major growth, despite the overall sluggishness of the market.
Court rejects bid for non-party costs order against claimant’s solicitors
The High Court has rejected a bid to make a claimant’s solicitors pay the costs of assessment proceedings where the protection of qualified one-way costs shifting is in place.
Bar Council: “Hard to fathom” LSB’s criticism of cab-rank rule
The Bar Council has hit back at Legal Services Board comments on the cab-rank rule, saying that it is “hard to fathom” why it would be against a rule that supports consumer choice.
Big law firms abandon external investment in the face of volatility
None of the top 100 law firms are “actively pursuing alternative funding or ownership structures”, such as listing on Stock Exchange, for the next three to five years, a survey has found.
LSB: Lawyers’ misconduct justifies further action on NDAs
Examples of lawyers’ misconduct when dealing with non-disclosure agreements are a “cause for concern” and justify further regulatory action, the Legal Services Board said this week.
Online probate process “taking longer than paper”
Private client lawyers believe the new online probate process is taking longer than the old paper-based system, with family solicitors and civil litigators also unhappy with digital processes.
“Relatively straightforward” for barristers to avoid cab-rank rule
It seems “relatively straightforward” for barristers to avoid the cab-rank rule and its importance to access to justice may be overstated, the Legal Services Board has said.
SRA: “Significant minority” of firms still falling short on AML
Nearly 30% of firms probed by the Solicitors Regulation Authority for their adherence to anti-money laundering rules in the last year were non-compliant, new figures have shown.
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.
