Latest news
“Over-excited” firms risk ChatGPT data breaches
Law firms and other businesses that are “over-excited” by the potential of ChatGPT to boost productivity risk inputting sensitive and confidential client information.
Listed law firm heads into administration as cash runs out
The troubled listed legal business, the Ince Group, is to go into administration ahead of a sell-off after a major creditor withdrew financial support, it announced today.
Listed company’s law firm to shut after rest of business is sold
The law firm at the heart of AIM-listed company MJ Hudson is to be wound down after a deal was struck to sell the rest of the business to a financial services giant for £40m.
SRA to use new economic crime power “hundreds of times a year”
The Solicitors Regulation Authority expects to use its proposed new power to demand information from solicitors about economic crime several hundred times a year, it has emerged.
Advice sector workers “risked Covid to provide face-to-face support”
Advice sector workers risked being infected with Covid to preserve face-to-face support during the pandemic, a report for the Ministry of Justice has found.
Law firm to “harness power of ChatGPT” for clinical negligence cases
The biggest specialist serious injury firm in the country is working on ways to harness the power of technology related to ChatGPT to help it handle medical negligence claims.
SRA fines firm £5k for persistent anti-money laundering failures
The Solicitors Regulation Authority has continued to flex its new fining powers by issuing a £5,000 penalty against a law firm for six years of anti-money laundering failures.
Two for two: struck-off Irish solicitor struck off in England and Wales
A solicitor already struck off in Ireland for a different offence has now been struck off in England and Wales after using one client’s money to pay another’s tax liability.
Private equity house backs fourth law firm acquisition
The private equity house looking to building a £100m legal services group has made its fourth acquisition with a bolt-on for Lancashire firm Farleys.
Law Society research highlights solicitor wellbeing woes
Solicitors score lower than the UK average on all positive measures of wellbeing, and are more likely to rate their anxiety higher, Law Society research has revealed.
Blog
Regulate sole practices on evidence, not turnover
For a sole practice, the SRA’s plan that I cannot hold a compliance role if my firm has more than £600,000 of turnover is not a measure of risk. It is a ceiling on growth.
Is Google becoming pay-to-play for law firms?
For years, law firms have been told that SEO is the long-term alternative to paying for every click. That principle hasn’t disappeared but search results have changed significantly.
Material information and the case for intelligent client onboarding
Upfront information means work traditionally undertaken after an offer is accepted will need to happen earlier. And that fundamentally changes the role of client onboarding.
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