Latest news
Clients demanding AI chatbots to “circumvent lawyers”
Large law firms are facing “increasing demands from clients” for AI chatbots to allow them to “self-serve and circumvent the need to direct all queries through lawyers”.
Fixed costs extension “has increased deductions from damages”
The continued push for fixed costs has resulted in more deductions from clients’ damages and raises questions about whether justice is being achieved.
MoJ an international outlier with client account interest plan
Interest on Lawyers’ Client Account schemes around the world do not divert the money to general government coffers, as the Ministry of Justice is proposing, according to research.
Solicitors fined for misconduct over purchase of law firm
A woman who used a solicitor to buy a law firm while she was still a trainee, and then practised unsupervised, has been fined for misconduct.
Court of Appeal backs strike-out of £68m law firm negligence claim
The Court of Appeal has dismissed a challenge to the striking out of £68m negligence claim against Yorkshire law firm Lupton Fawcett following a failed property development schemes.
Majority of conveyancers do not want binding sale contracts
Seven out of 10 conveyancing solicitors do not want the government to introduce mandatory binding contracts for offers to buy homes, research has found.
Government will put firms “at risk” with client account interest grab
The government’s proposed raid on client account interest “will put high street law firms at risk and force legal fees to rise for those that survive”, the Law Society has warned.
Spot-fixing cricketer’s solicitor cleared of urging false defence
A solicitor who acted for a cricketer jailed for spot fixing has been cleared of an allegation that he encouraged his client to offer false evidence in his defence.
‘Double jeopardy’ warning over FCA money laundering switch
The Financial Conduct Authority taking over the supervision of anti-money laundering activity risks delay and double jeopardy, the Solicitors Disciplinary Tribunal has warned.
Exodus of conveyancers “will make transaction times even longer”
Transaction times will get “longer and longer” regardless of “how many new houses you build” because of the number of conveyancers leaving the market, MPs were told this week.
Blog
Modern search is about ‘knowledge’ retrieval
Search has long been understood as data retrieval – the ability to call back information and check a box on finding something. Legal professionals today need more of a 360-degree view on a matter.
Lessons from Sir Keir Starmer for SRA chief
The proposed 29%, or £25m, increase in the Solicitors Regulation Authority’s budget announced last week should really come as no great surprise.
The hidden risks in client account reconciliations
The client account reconciliation process will be second nature to most people in legal finance – and so is also a potential area for a problem to be undetected until it becomes serious.
