Latest news
Knights replaces shares with cash for acquisition after price crash
The collapse in listed consolidator Knights’ share price last week has led to cash replacing shares as part of the consideration for its most recent acquisition.
Standard cyber-security form to aid solicitors instructing barristers
A standardised form for solicitors to assess the cyber-security arrangements of chambers they instruct has been launched by the Law Society and Bar Council.
The SRA’s first ABS – still going strong, 10 years on
Tomorrow marks the 10th anniversary of the first alternative business structure licensed by the Solicitors Regulation Authority, and the firm is still going strong.
Chambers gives returning parents a 12-month payment holiday
A London chambers has decided to give barristers returning from parental leave a year’s holiday from making any payments in terms of rent or other contributions and expenses.
Legal Ombudsman budget to top £15m after 5.8% increase approval
The Legal Services Board has approved a 5.8% increase in the budget of the Legal Ombudsman for the coming year, amounting to an extra £850,000 cost levied on the profession.
City firms urged to agree common approach to social mobility
City law firms need get on with agreeing a common approach to measure social mobility in their recruitment processes, a roundtable has heard from a former MP and solicitor.
Lockdown conveyancing redundancy was genuine, tribunal rules
A redundancy exercise run by a law firm in its conveyancing department following the first lockdown in 2020 was genuine, an employment tribunal has ruled in dismissing an unfair dismissal claim.
White knight or asset stripper? Knights’ model under scrutiny
A leading law firm consultant has questioned the sustainability of consolidator Knights’ model after its share price collapsed by 60% in the past two days.
Purpose over profit: Profession needs “fundamental” cultural reset
The pandemic has not brought about necessary cultural change in the legal profession, meaning lawyers and their firms need to fundamentally reset their values.
Partner celebrated “huge victory” by accidentally breaking CA embargo
A partner who celebrated a “huge jurisdictional victory” with a WhatsApp message which broke a Court of Appeal embargo has apologised to the court.
Blog
The SRA needs to admit it got it wrong about SLAPPs
The High Court judgment in Ashley Hurst v SRA in January raises serious questions about the regulator’s approach to allegations of SLAPP-like behaviour.
Why menopause support belongs on every law firm’s agenda
Progression in the law slows significantly as women approach senior leadership. Most will be at the height of their careers around the average age menopause symptoms begin.
Law firms need to go beyond document checks
At the root of every failed compliance review is a familiar phrase: a calm assertion of “but we did a document check”.
