Latest news
Job description for new main board chair gives first sight of Law Society governance reform
The first sign of action to implement governance reform has emerged from the Law Society, which is recruiting a non-executive chair for its new main board. The reforms process has largely been carried out behind closed doors for over a year, but some details have crept out in the job description for the new role, which will pay £42,800 a year for two days a week.
SRA chair’s term extended as regulator seeks new board members
Enid Rowlands has been reappointed as chair of the Solicitors Regulation Authority’s board for one more year as it begins recruiting three new members. Ms Rowlands, who became the regulator’s first lay chair in 2015, will now continue until December 2018. Her reappointment was confirmed by an independent panel.
Government rejects peer pressure to ban cold-calling by claims companies
The government yesterday rejected attempts by peers to ban cold-calling by claims management companies, and also bring medical reporting organisations and credit hire companies within the regulatory scope of the Financial Conduct Authority.
AI will reshape the business model of large law firms, Herbert Smith predicts
Law firms embracing artificial intelligence are expected to create new business models to pass on the benefits to clients, research by City giant Herbert Smith Freehills has suggested. The way trainees learn about the law will also change and may reshape in the traditional pyramid shape of the large firms, it said.
Afraid of the competition? SRA ratchets up rhetoric in row with Law Society
The row between Solicitors Regulation Authority (SRA) and Law Society over the former’s plan to allow solicitors to practise from unregulated firms has stepped up a notch, with the SRA saying “it is hardly surprising that those who are already operating in the legal market are against increasing competition”.
Exclusive: Chatbot pioneer to bring Equifax small claims service to UK “in weeks”
Legal chatbot pioneer Josh Browder has launched a new service – dubbed the first automated law suit – to help those affected by the Equifax security breach bring small claims in the US, and has told Legal Futures that he is planning to bring it to the UK as well.
Brexit and competition from accountants top fears among City firms
Almost half of City firms view Brexit as a threat and more than two thirds see other professional services firms as the overwhelming threat among recent entrants to the profession, according to a survey published yesterday. It found that almost a quarter of City firms named Brexit as the biggest challenge to their future success.
Ground rent negligence claims start to surge as report identifies undersettling and discount rate as other major risks
The surge in claims against solicitors over their advice to home buyers on ground rent clauses has begun, with 400 issued in less than a year, according to new research. It also identified the discount rate, undersettling and conveyancing fraud as the other big negligence risks facing the solicitors’ profession due to the wider economic environment.
Change in disciplinary standard of proof “will incentivise barristers to deliver good services”, says consumer panel
The Legal Services Consumer Panel has given strong backing to the Bar Standards Board’s proposal to reduce the standard of proof in disciplinary proceedings from the criminal to the civil standard. “[It] will be fairer on consumers, and it may act as a positive incentive for barristers to deliver good services,” the panel said.
CILEx unveils bid to be next ABS licensing authority
The Chartered Institute of Legal Executives has become the latest legal regulator to apply to license alternative business structures. Chartered legal executives have been able to set up their own law firms since 2015, but not if they have non-lawyer ownership or investment.












