Latest news
Exclusive: Large PI firm begins three-year voluntary wind-down
Well-known personal injury law firm Camps is to run its practice down over the next two to three years, with 50 redundancies on the cards immediately, Legal Futures can reveal.
Third deal in eights months for Knights as it unveils strong results
Knights has reported strong growth in its maiden half-year results as a listed law firm along with its third acquisition in eight months – a £1.6m deal to buy a specialist employment practice.
Bar Council renews attack on BSB over price transparency
The Bar Council is still unhappy with the price transparency regime proposed by the Bar Standards Board (BSB), despite the regulator’s decision to limit publication of information about fees to public access work. The revised rules came under fire from… Read More
SRA “not sufficiently transparent” in explaining decisions
The Solicitors Regulation Authority is “not sufficiently transparent” in explaining its decisions at board level, the Legal Services Board has said, while ticking off other regulators too.
Solicitor receives hefty fine in case with link to Panama Papers
A solicitor who failed to check whether his clients were politically exposed persons, in the first disciplinary matter to involve infamous offshore law firm Mossack Fonseca, has been fined £45,000.
Court orders insurer to cover negligent solicitors’ unpaid costs
The insurer of a negligent Italian law firm operating in London has been ordered to pay £3m in costs to the victims after the lawyers failed to pay up.
Chartered legal executives seek parity with solicitors
Chartered legal executives operate on a par with solicitors and it is only “professional snobbery” stopping them from being part of the solution to many current systemic problems.
Solicitor fined for offensive and “bullying” emails
A solicitor has been fined for calling a would-be client an “asshole”, “crazy” and “a certifiable nutcase” in correspondence with the man, his partner and the Society of Trust and Estate Practitioners.
NAH issues profit warning as third ABS receives green light
NAHL plc, the company behind National Accident Helpline and co-owner of two alternative business structures, failed to meet its financial targets last year, it told investors today in a profit warning.
Lawyers making fewer suspicious activity reports
Efforts to encourage lawyers to make more suspicious activity reports are not succeeding, with the number of reports from the legal sector down 12% last year.
Blog
Amplifying reach through employee-driven thought leadership
Nine in 10 executives believe thought leadership is critical to building authority, yet only a quarter feel they have implemented a robust strategy.
Divorce escrow: asset sales before final settlement
When significant matrimonial assets are sold before a final financial order is agreed, holding the proceeds safely and neutrally can present real practical challenges.
AML lacks clarity – and standards are suffering
If firms are buckling under the pressure of AML regulations, subject to ever-increasing fines, then something is clearly not working as it should be.
