Latest news
Four solicitors struck off after leaving firm in £61m debt
Four solicitors have been struck off for their role at a Preston law firm which collapsed owing the scandal-hit Axiom Legal Financing Fund £61m.
ABS owner given $500m to invest by private equity giant
A global ‘enterprise legal services company’ that effectively owns a London-based ABS is set for massive growth after Europe’s biggest private equity house took a majority stake.
“Olympics bomb hoax” barrister disbarred
Barrister Michael Shrimpton – who was jailed for a bomb hoax at the London Olympics – has been disbarred by a disciplinary tribunal.
“No way” whiplash portal will be ready for April 2020
There are considerable doubts about whether the Ministry of Justice will meet its April 2020 target to introduce the whiplash reforms, this week’s PI Futures event heard.
CMC owners face an end to ‘phoenixing’
An end to owners of CMCs closing down a distressed firm and opening another – known as ‘phoenixing’ – is on the cards under new proposals from the Financial Conduct Authority.
Solicitor and barrister both sanctioned for drink driving
A solicitor and barrister have separately been sanctioned for drink-drive offences, although only the latter appeared before a disciplinary tribunal.
Bar Council slams BSB’s “dilution” of barrister brand
The Bar Council has reacted with outrage to training reforms that it says would automatically ‘passport’ solicitors with higher rights of audience to become barristers.
LeO urges lawyers to ditch web email providers
The Legal Ombudsman has urged law firms that use web-based email such as AOL and Hotmail to invest in a more secure corporate email solution or risk paying out to victims of cybercrime.
City lawyer “diverted client cash to own bank account”
A Spanish lawyer who sent “misleading” emails to divert £183,000 intended for his client to his personal bank account, has been struck off the register of European lawyers.
Law firms losing work due to follow-up failures
Personal injury law firms are missing out on significant amounts of business because of the way they handle incoming enquiries from potential clients.
Blog
Why housing disrepair claims against councils have leapt by nearly 400%
Housing disrepair claims against councils have surged dramatically in recent years, with some areas reporting increases approaching a staggering 400%.
Client accounts: Opportunity, obligation and the risks in between
The profitability gap between well-run firms and the rest is not primarily a function of size, location or practice area – it is a function of financial management.
Motor finance – the FCA is more worried about banks than consumers
The Financial Conduct Authority’s motor finance redress scheme announced last week amounts to one of the largest ever consumer failures by the regulator.
