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Large London firms embracing agile working and AI could cut collective £495m rent

26 April 2018

Twice as many large City law firms had adopted ‘agile working’ policies by the start of 2018 as had a year earlier, and have been quicker than non-law businesses to embrace artificial intelligence technology, according to a survey about office use. Between them, the top 100 firms – when ranked by office floorspace in London – spend a total of £495m per annum on rent.


Opposition raise serious doubts about Civil Liability Bill but several peers support overall direction

25 April 2018

Both Labour and the Liberal Democrats yesterday questioned the government’s approach to reforming whiplash claims, although several peers in the House of Lords backed the overall direction of the Civil Liability Bill. The four-hour debate highlighted a number of concerns about the bill, and we have reported proceedings in detail.


Keystone shares push ever higher after strong maiden results as listed company

25 April 2018

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

25 April 2018

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

24 April 2018

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

24 April 2018

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

23 April 2018

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

23 April 2018

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

23 April 2018

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

23 April 2018

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.

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