Latest news
Legal Ombudsman set for major leadership shake-up
The Legal Ombudsman is set for a major leadership shake-up in the wake of its recent budget debacle and following the decision of the chief ombudsman to leave.
Judge: Investor who lost pension was not law firm’s client
A man who lost his pension after investing in self-storage pods with disastrous results was not the client of the law firm who advised on it, a judge has held.
New contracts firm puts paralegals in pole position
Two young paralegals have launched an unregulated legal contracts business which provides fixed-price services for mainly online businesses in the UK, the USA and Europe.
More funding for platform that “lets lawyers express themselves visually”
A start-up created by an ex-City lawyer to help lawyers and clients visualise complex legal structures and transactions is in a new funding round having already raised £2m.
Black lawyers launch initiative to fight racial injustice
A group of lawyers has begun crowdfunding to support a new initiative aiming to combat racial injustice by facilitating access to justice, funding and legal representation.
Covid-19 impact: Firms “desperately need” new instructions
Some law firms suffered “serious falls” in revenue during May and, without a pick-up in new instructions in June and July, “the pain may become unbearable”, new research has warned.
Remote hearings “can deal with credibility issues”
People should not presume that remote hearings cannot be used for cases where the credibility of witnesses is at stake, the IT adviser to the Lord Chief Justice has said.
‘Sham marriage’ solicitor loses strike-off appeal
The High Court has dismissed an appeal by a solicitor struck off after telling an undercover television reporter that he would help them apply for a visa on the back of a bogus marriage.
Compensation Fund cuts would be “devastating”
Cutting the maximum size of Compensation Fund awards from £2m to £500,000 could have a “devastating” impact on “unlucky claimants”, the Law Society has warned.
Revealed: Taylor Rose to pay £1.4m for McMillan Williams
Taylor Rose TTKW is set to pay £1.4m to buy McMillan Williams, which was sunk by slowdowns in both the property market and personal injury settlements, and its high level of gearing, it has emerged.
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.
