Latest news
A third of law firms non-compliant with AML rules
Nearly a third of law firms checked by the SRA for their approach to anti-money laundering in the past year were non-compliant, a big rise on the previous 12 months.
Male barrister disbarred for sexually harassing woman at social events
A male barrister who sexually harassed the same woman at two different social events has been disbarred by a Bar disciplinary tribunal.
Solicitor who criticised “draconian” strike-off cannot return to roll
The Solicitors Disciplinary Tribunal has refused a solicitor’s bid to be restored to the roll just three years after being struck off for dishonesty.
Case fees causes collapse in number of law firm complaints to FOS
The number of complaints to the Financial Ombudsman Service brought by law firms and CMCs has collapsed in the wake of the new case fee.
Legal Services Board sets out scope of Mazur review
The Legal Services Board is to probe “the scale and impact” of breaches of the right to conduct litigation in the wake of the Mazur ruling.
Fifth of law firms looking to option of private equity backing
A fifth of law firms are considering private equity investment as a route to growth and transformation, according to new research.
Minister urges litigation funders to embrace self-regulation
All third-party funders should join the Association of Litigation Funders while the government decides on the way forward for the sector, the courts minister said this week.
Consultancy for law firms and investors spins out of City practice
A specialist strategic consultancy advising lawyers, investors and regulators has spun out of a City law firm as demand for help in navigating the legal market grows.
Law firms disagree on what should be considered a complaint
Law firms are divided over what should be regarded as a complaint from clients, a survey by the Solicitors Regulation Authority has found.
Compensation levels off the table in MoJ whiplash reforms review
The Ministry of Justice has launched a call for evidence to inform its review of the whiplash reform programme, but made clear the damages tariff is not up for debate.
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.
