Latest news
Signs of market “stabilising” but listed firms cut dividends
There are “early signs” that the market is stabilising after the initial impact of lockdown saw instructions fall 20%, listed firm Knights has said. But it will not pay a dividend, while Rosenblatt has cut its payout.
Shut-down firm ordered to pay former staff £375,000
A law firm shut down by its regulator last year has been ordered to pay former staff £375,000 for multiple employment law breaches.
ODR and sandbox at heart of major lawtech push
An online dispute resolution platform for SMEs and a ‘lawtech sandbox’ were unveiled today as cornerstones of a concerted push to develop digital legal services in the UK.
Consumer law firm nets big acquisition and investment
Fast-growing consumer law firm Taylor Rose TTKW has more than doubled in size after taking over private equity-backed McMillan Williams – and has taken investment of its own, we can reveal.
Coronavirus prompts SRA to rethink closure of SIF
The Solicitors Regulation Authority is to look again at whether to close the Solicitors Indemnity Fund – which covers claims made after firms’ run-off cover expires – in September this year.
Partner drops discrimination claims against leading firm
A former partner at leading midlands law firm Shakespeare Martineau has dropped her claims of sex discrimination after they settled their dispute.
Anxiety among aspiring solicitors has “skyrocketed”
Anxiety among aspiring solicitors has “skyrocketed” due to the Covid-19 crisis, a survey has found, with 75% of trainees and paralegals expecting it to lead to “significant job losses at my level of seniority”.
Female barristers warn of “disproportionate attrition” during Covid-19
Female barristers have urged the courts and chambers to take action to avoid the coronavirus crisis leading to “further and disproportionate attrition of women from the Bar”.
Partner who lied about indemnity insurance is struck off
A solicitor who let his firm operate without indemnity insurance, then lied about it to his regulator and a new insurer, has been struck off.
Minister: “No plans” for review of Legal Services Act
A review of the Legal Services Act 2007 is not on the agenda, the government has confirmed. It also indicated that it was happy with the work done by the Legal Services Board
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.
