Latest news
Keystone shares push ever higher after strong maiden results as listed company
Keystone Law – the self-styled ‘challenger’ law firm that listed on AIM late last year – has unveiled strong annual results today, pushing its share price ever higher. The firm reported a 24% increase in revenue to £32m, with profit before tax up 63% to £2.9m. Underlying EBITDA jumped 43% to £3.27m.
SRA appeals “unduly lenient” penalty handed out to solicitor found guilty of sexual assault
The Solicitors Regulation Authority is to appeal a tribunal’s decision to suspend a solicitor found guilty of sexual assault as being too lenient, Legal Futures can reveal. Alastair Main was suspended for two years, but this was effectively less than a year as it was backdated to when he lost his job following his conviction.
Opposition to Civil Liability Bill steps up as peers prepare for first debate
Members of the House of Lords will today begin debating the Civil Liability Bill, with claimant lawyers arguing that new government figures discredit the whiplash reforms it contains. The second reading has also seen an Olympic gold medal-winning cyclist speak out and the Bar Council argue that the bill will not achieve what it intends.
Big firms share LGBT knowledge in SRA mentoring scheme
Small and medium-sized law firms will get free help and advice from some of the biggest firms in the country on how to become more inclusive employers under a pilot scheme launched this month by the Solicitors Regulation Authority.
Litigation specialists to become fourth firm to list on AIM
City law firm Rosenblatt is to become the fourth law firm to list on the London Stock Exchange’s AIM market, it announced today. The 19-partner commercial law firm, best known for its litigation work, is to be admitted on 8 May, joining Gateley, Gordon Dadds and Keystone Law.
Big law firms, Law Society and top academics back launch of major lawtech incubator
A host of leading law firms, the Law Society and universities have teamed up with Barclays Bank to launch the most significant lawtech incubator in the UK to date. The ‘Eagle Lab’ will open soon in Notting Hill, in west London, with the aim of creating a centre of excellence.
Legal market “inept” at dealing with vulnerable consumers, says watchdog
The legal market has proven “inept” at responding to the needs of vulnerable consumers and its regulators are not coming up with a strategy to tackle the problem, the Legal Services Consumer Panel has said. The watchdog said it was also concerned that regulators were not thinking about consumer confusion sufficiently as they looked to make the market more flexible.
Bar Council finds mixed picture of success for BME graduates getting BPTC places and pupillages
The link between ethnicity and success on the Bar professional training course and in attaining pupillage is more nuanced than the big gap between white and non-white candidates presented by the Bar Standards Board, the Bar Council has claimed. New research said some ethnic groups performed as well as their white counterparts, while others did not.
Lack of detail in Civil Liability Bill will “severely limit parliamentary scrutiny”, peers warn
The government should set out the definition of whiplash and the levels of compensation claimants will be due on the face of the Civil Liability Bill, rather than leaving them to secondary legislation, so that peers and MPs can understand what they are voting on, a parliamentary committee has said.
CILEx Regulation seeks to reassure Lord Chief Justice over alternative business structures
CILEx Regulation has moved to reassure the Lord Chief Justice over his concerns about its application to license alternative business structures. The regulator of chartered legal executives said that it would only look to regulate firms “that are relatively low risk and straightforward”.












