Latest news
Decade of first listed law firm and now 10 years of revenue growth
Gateley has marked the 10th anniversary of becoming the first listed law firm in the UK with another year of growth in revenue, which is now three times that of its pre-float level.
Birss: Accreditation of experts “could be extended beyond PI”
“Further forms” of accreditation for expert witnesses beyond the existing MedCo scheme in personal injury could be “worthy of consideration”, the deputy head of civil justice has said.
Law Commission reform to aid conveyancers with chancel repair
The Law Commission is planning to take one burden off conveyancers’ shoulders by removing doubts about chancel repair liability and the need to take out insurance.
Legal regulators advise MPs on changing code of conduct
The chief executives of the Solicitors Regulation Authority and Bar Standards Board yesterday recommended MPs adopt a principles-based approach to regulating outside interests.
Firms, not solicitors, to feel impact of 11% rise in cost of practising
The cost of practising as a solicitor is set to increase by 11%, or £16.6m, in the next year, although the financial impact will be felt by firms rather than individuals.
Disciplinary tribunal fines law firm £58,000 for AML breaches
The Solicitors Disciplinary Tribunal has fined an East London law firm £58,000 for anti-money laundering rule breaches over a six-year period.
Law firm in CAT case calls for £6m charity donation
The law firm acting for the claimants in the boundary fares collective action has called for a donation of £5-6m from unclaimed damages to the Access to Justice Foundation.
Big rise in complaints about SRA’s handling of intervention files
The number of clients complaining to the Solicitors Regulation Authority about its failure to retrieve their documents after it shut down a firm has shot up by over 50%.
Average settlement time in whiplash portal shoots up to 609 days
The average time for a low-value motor claim to settle in the Official Injury Claim portal has risen to an extraordinary 609 days – some 20 months.
High Court rejects law firm’s appeal over “warehousing” claim
The High Court has rejected an appeal by a former law firm whose counterclaim was struck out on the grounds of abuse of process by “warehousing”.
Blog
Whistleblowing guidance for in-house lawyers – a call to arms
In-house lawyers are in a unique position to spot wrongdoing. But reporting it is not just potentially dangerous from a personal point of view.
The importance of benchmarking reports – and lessons on profitability
Regional firms reported the largest revenue growth this year (12%), outpacing their City counterparts. Yet many are not converting that growth into profitability.
Fixed recoverable costs: Sacrificing justice for predictability?
The extended fixed recoverable costs regime is failing to achieve its stated objectives. Instead of promoting fairness and efficiency, the rules are creating anomalies that undermine justice.
