Latest news
Massive insider trading allegations rock leading US law firms
Thirty people have been charged in the US with a decade-long insider trading scheme that netted tens of millions of dollars in illicit profits by stealing information from top law firms.
FCA review to turns up heat on law firms and CMCs over claims work
The Financial Conduct Authority is stepping up pressure on claims management companies and law firms by launching a review of the claims management market.
HF “did not need its private equity backer” for major acquisition
National insurance and commercial law firm HF did not need the private equity investment it received in 2024 to buy health and social care specialists Hempsons, a deal unveiled yesterday.
Partner struck off for ‘witnessing’ unsigned leases
A partner who witnessed two leases as having been signed in his presence when they had not has been struck off by the Solicitors Disciplinary Tribunal.
Barrister accidentally sent “life-threatening information” to journalist
A barrister who accidentally sent confidential information about an immigration client to a journalist without his permission has been fined £10,000.
Dual FCA and SRA-regulated business goes into administration
A wealth management firm that a decade ago became one of the first to adopt dual regulation by the SRA and FCA has gone into administration after its key lawyer left.
Exclusive: AI-powered US firm targets UK after $60m fund-raise
A US company that last week announced a $60m Series A fund-raise is set to bring the model of a law firm backed by its AI system to England and Wales, Legal Futures can reveal.
Solicitor’s failure to redeem charges “a warning to profession”
The case of a solicitor who wrongly thought charges on a property had been removed is “a warning that even experienced professionals could make serious errors in judgment under extreme stress”.
Bar Council faces discrimination claim over Black interns scheme
The Bar Council is facing a discrimination claim over its 10,000 Black Interns programme by a white woman who says her application was rejected because of her race.
CAT approves £1.7bn Microsoft action despite funder “uncertainty”
The CAT has approved a £1.7bn opt-out collective action against Microsoft despite admitting that “a degree of uncertainty” surrounded its funder.
Blog
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.
Mentoring the next generation of litigation leaders
As a female lawyer, from the North, with a state school education, I understand the value of sharing perspectives, experiences and contacts.
