Latest news
Law firms’ need for growth makes private equity “attractive option”
The need for law firms to keep growing – because “if you’re standing still, you’re going backwards” – is making the option of private equity investment increasingly attractive.
Car finance lawyers “smashed doors open” at Supreme Court
The solicitor behind the successful car finance commission claim at the Supreme Court earlier this month has said he believes his team “smashed the doors open” to future claims.
Tribunal strikes out immigration adviser’s appeal over failed exam
The First-tier Tribunal has struck out an appeal by an immigration adviser against the Immigration Advice Authority after she failed an exam.
Suspended suspension for solicitor over antisemitic and offensive posts
A solicitor whose use of “emotive and antisemitic language” on social media appeared designed to cause “maximum offence” has been given a six-month suspended suspension.
Large law firms could face prosecution for overbilling
Large law firms that overbill their clients or make false environmental and diversity claims could be prosecuted under legislation coming into force next Monday.
Third-party managed account first for licensed conveyancers
The Council for Licensed Conveyancers has issued its first approval for a law firm to use a third-party managed account for its client funds.
Major City law firm apologies for Church abuse data breach
City law firm Kennedys has apologised unreservedly after accidentally disclosing the email addresses of people registered to receive updates on the Church of England redress scheme.
Rise of law firm consolidators “will not lead to bidding wars”
The growing number of consolidators in the legal market does not mean there will be a bidding war for attractive law firm targets, the newest player in the field has said.
Solicitor paid £77,000 in fees into his own bank account
A solicitor who admitted paying almost £77,000 in fees into his personal bank account from over 100 clients has been struck off.
Only one in five chambers signed up to Cyber Essentials
Just 19% of barristers’ chambers currently meet the Bar Council and Law Society’s joint recommendation to achieve Cyber Essentials certification, new research has found.
Blog
Change in regulator shouldn’t make AML less of a priority
While SRA fines for AML have been climbing, many in the profession aren’t confident they will get any relief from the FCA, a body used to dealing with a highly regulated industry.
There are 17 million wills waiting to be written
The main reason cited by people who do not have a will was a lack of awareness as to how to arrange one. As a professional community, we seem to be failing to get our message across.
The case for a single legal services regulator: why the current system is failing
From catastrophic firm collapses to endemic compliance failures, the evidence is mounting that the current multi-regulator model is fundamentally broken.
