Latest news

Cultural change is needed for in-house legal teams to fully benefit from the wider liberalisation in the market since the Legal Services Act reforms took hold, a new report has argued.

A start-up founded by a City solicitor that creates visual models of complex legal transactions is aiming to double in size by the end of next year after raising almost £3m in funding.

The justice select committee has backed the appointment of management specialist Helen Pitcher as the new chair of the Judicial Appointments Commission.

The LSB has begun talking about taking formal action against the BSB over shortcomings in its performance, which it has emerged include how it has dealt with the Post Office scandal.

A leading Midlands law firm has become the fourth in the UK to obtain B Corporation status, meaning that it aims to balance profit with purpose.

Almost all larger law firms are increasing billable hours targets for their lawyers but write-offs are also on the rise, a report has found.

The prospective chair of the Judicial Appointments Commission has sought to reassure MPs that she will have enough time to combine the post with remaining chair of the CCRC.

Seven in ten law firms say they lack confidence in negotiating fees while 40% “do not know with any certainty” what proportion of their client relationships are profitable.

The Bar Standards Board has described how it “struggled” to hit timeliness targets in an “extremely challenging year” for its enforcement work.

Shares in RBG Holdings PLC – which owns law firms Rosenblatt and Memery Crystal – dived by 23% yesterday after having to write off £4m because of its litigation funding arm.