Latest news
Tribunal upholds LSB decision not to release Leigh Day emails
The First-tier Tribunal has upheld the decision of the Legal Services Board not to release an email exchange with the Solicitors Regulation Authority over the Leigh Day case.
PE company adds legal tech business to law firm portfolio
A private equity company that last year bought two major volume conveyancing firms has now taken a minority stake in a solicitor-owned legal technology company for £1.5m.
SRA to launch project on BAME student underachievement
The Solicitors Regulation Authority is set to begin a multi-year project to increase understanding of why Black, Asian and minority ethnic students perform worse than white students.
Licensed conveyancers to embrace third-party managed accounts
A revised accounts code that expressly allows firms of licensed conveyancers to use third-party managed accounts has been approved by the Legal Services Board.
Tribunal strikes out “vexatious” claims against leading firm
A former employee of national law firm Shoosmiths – who won damages for harassment back in 2017 – has had a string of further claims thrown out, with a tribunal branding them vexatious.
You wear it well – at last, court attire for women
Female barristers can now buy court attire actually designed for them after a London junior launched an online shop named after the first two women called to the Bar.
Financial adviser owned by staff and clients launches ABS
A firm of financial advisers has launched an alternative business structure to provide its clients with legal services which it claims are faster and “at least a third cheaper”.
Unregulated providers leading way with consumer legal tech
Unregulated providers are leading the way with developing consumer-facing legal technology, showing that the way solicitors are regulated is “not an obstacle to innovation”.
Society warns firms over staff refusing to return to office
It is not clear whether staff can refuse to come into work or decide to leave a workplace if they think it’s unsafe because of Covid-19, the Law Society has told law firms.
ABSs “reshaping boundaries of law” with integrated services
Alternative business structures are reshaping the boundaries of the law by emphasising the benefit of integrated professional services, rather than pure legal knowledge, a leading academic has argued.
Blog
Accountability has to live within governance, not with one person
The assumption has long been that a COLP or COFA is personally exposed to the consequences of anti-money laundering breaches.
The SRA’s client money reforms: good intentions, questionable execution
On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.
Recruitment, retention and reward in the legal accounts world
Understanding the legal finance market is important – not just for those actively involved in it day-to-day but also for leaders within law firms.
