Latest news
Private equity takes stake in remote-working commercial law firm
A fast-growing commercial law firm whose lawyers work remotely has become the latest to take private equity backing, with LDC buying a large minority stake.
Financial Reporting Council director to take helm at SRA
The executive director of supervision at the Financial Reporting Council has today been named as the new chief executive of the Solicitors Regulation Authority.
Bank sues law firm for deluge of “poor-quality” mis-selling claims
A law firm that specialises in financial mis-selling is facing a novel claim of causing loss by unlawful means through deluging a bank with allegedly poor-quality cases.
Legal Services Board at heart of regulatory failings, says BSB chief
The structure of regulation established by the Legal Services Act 2007 “does not work well”, the outgoing chair of the Bar Standards Board declared last night.
Suspended jail sentence for solicitor over fake pothole claims
A solicitor has been handed a suspended prison sentence for making false claims of damage to his car from potholes.
Solicitors and insurers set to agree definition of ‘unbundled’ services
Work to agree a definition of unbundled legal services with professional indemnity insurers is close to completion as part of efforts to make unbundling easier for solicitors.
Sexual misconduct cases “lead to rise in SDT anonymity requests”
The increasing number of sexual misconduct cases being handled by the SRA and SDT is fuelling a rise in anonymity requests, regulatory lawyers have said.
London arm of US firm rebuked for breaching Russia sanction rules
The London office of a US law firm has been rebuked for breaching the conditions of a Treasury licence to act for sanctioned Russian clients.
Only third of pupils would “definitely recommend” Bar as career
The proportion of pupil barristers who would “definitely recommend” the Bar as a career has fallen by 10 percentage points in a year to less than a third.
Law Society calls for “one-stop shop” AI platform for civil justice
The Law Society has called for the creation of a “one-stop shop” platform, backed by AI, to act as a single point of entry to the civil justice system.
Blog
Strong AML controls are meaningless with incomplete data
One expectation as the FCA takes control of anti-money laundering oversight is a move towards more supervision rather than simply writing new rules.
Navigating the legal AI productivity-profitability paradox
Firms are achieving efficiencies through AI, especially in the practice of law. Yet many are struggling to see that reflected in their financial outcomes
Regulation, growth and access to justice: why legal services need a reset
Well-intentioned consumer protections embedded in the regulation of legal services increasingly act as barriers to innovation, competition and access to justice.
