Latest news
Litigation funder records 261% return on Comet liquidator case
A listed litigation funder has announced a £12m profit on a £4.5m investment in the litigation that followed the collapse of electronics retailer Comet.
Co-op to offer wills through Amazon as it unveils soaring finances
Co-operative Legal Services recorded a 19% increase in revenue and 60% rise in profit in 2022 as it became the first law firm to strike a deal to offer services through Amazon.
Law firm’s negligent advice to football club owner caused no loss
A law firm advising on a dispute over the sale of Sheffield United FC was negligent, including in failing to advise that it had an own-client conflict, the High Court has ruled.
Partner suspended for trying to “trick” farmer out of tenancy
A partner in a large Midlands law firm, who tried to “trick” an elderly farmer out of part of his protected tenancy in the way he sent notices to quit, has been suspended for a year.
Employee ownership specialists become employee owned
A law firm specialising in employee ownership, which has advised other law firms on setting up employee ownership trusts, has itself become 100% owned by its employees.
Home sellers “would pay more for faster conveyancing”
Almost nine in 10 vendors would pay more to have a faster conveyancing process, new research has revealed. as we report too on the latest BASPI iteration and proptech investment.
High Court: Solicitor did not “condone” partner’s £16m fraud
The insurer of London law firm Jirehouse – whose founder was jailed last year for fraud – has failed its ongoing bid to exclude liability for £6m in losses suffered by a client.
Solicitor who misled clients over LPA forms is struck off
A solicitor who told clients that the Office of the Public Guardian was to blame for what were actually her own errors in registering lasting powers of attorney has been struck off.
SRA sets out fee caps for financial mis-selling claims
The SRA has set out the fee caps it is planning to impose to prevent law firms handling financial product or services mis-selling claims from charging “excessive” fees.
Irwin Mitchell contact centre worker pretended to be lawyer
A contact-centre worker at Irwin Mitchell, who led another law firm to believe she was acting in an employment matter against its client, has been banned from working for law firms.
Blog
Amplifying reach through employee-driven thought leadership
Nine in 10 executives believe thought leadership is critical to building authority, yet only a quarter feel they have implemented a robust strategy.
Divorce escrow: asset sales before final settlement
When significant matrimonial assets are sold before a final financial order is agreed, holding the proceeds safely and neutrally can present real practical challenges.
AML lacks clarity – and standards are suffering
If firms are buckling under the pressure of AML regulations, subject to ever-increasing fines, then something is clearly not working as it should be.
