Latest news
SRA “spent three years deciding not to take regulatory action”
It took the Solicitors Regulation Authority three years to decide not to take regulatory action against a solicitor, it has emerged.
New APIL head: Fixed costs will trigger decade of litigation
The extension of fixed recoverable costs later this year will lead to “poor behaviours” and a decade of litigation to clarify how they work, the new president of APIL has predicted.
“Structure contracts” to avoid need for litigation to resolve disputes
Contracts should routinely include “structured” methods to avoid the need for litigation – including escalation clauses – if disputes arise, a former senior in-house lawyer has advised.
Government opens up more senior judicial roles to CILEX lawyers
The Ministry of Justice is to open up more senior judicial positions – recorders and Upper Tribunal judges – to chartered legal executives.
Law firm arm powers revenue growth at listed business
Anexo Group – the AIM-listed business that combines credit hire and legal services – saw revenue and profit increase sharply last year, driven by major growth in its legal division.
Cost of practising to rise sharply as SRA and Law Society unveil budgets
Solicitors’ practising fees are set to increase substantially this year, with the Solicitors Regulation Authority and Law Society needing an extra £9.3m to fund their work.
Students bid to hold big firms accountable for fossil fuel work
Large UK law firms play an “indispensable role” in supporting the fossil fuel industry and law students need to hold them accountable for their impact on climate change, a new report has argued.
Partner was “blinded” by desire to keep best client
A solicitor who described a property developer currently being investigated by the Serious Fraud Office as his law firm’s “best client” has been fined £45,000 for misconduct.
CJC: Costs budgeting has worked but needs to be more tailored
Costs budgeting has been a success and should be retained, but also reformed in recognition that “one size does not necessarily fit all”, a major report has recommended today.
Double acquisition for MAPD Group with “more to come”
The MAPD Group – a business bringing together local law firms – yesterday announced a double acquisition in the North-West ahead of “several” more deals later in the year.
Blog
Client accounts: Opportunity, obligation and the risks in between
The profitability gap between well-run firms and the rest is not primarily a function of size, location or practice area – it is a function of financial management.
Motor finance – the FCA is more worried about banks than consumers
The Financial Conduct Authority’s motor finance redress scheme announced last week amounts to one of the largest ever consumer failures by the regulator.
Mazur: a symptom not a cause?
If Mazur is a symptom, what does it mean for the underlying health of our civil justice system: the ‘finest legal system in the world’?
