Latest news
Two-thirds of law firms breaking residual balance rules
A leading firm of accountants says two-thirds of law firms whose books it examined for regulatory reports had broken the rules on residual balances.
“Weed out chancers” with £50 Legal Ombudsman complaint fee
The Legal Ombudsman should introduce a nominal complaint fee of £50 to “weed out those whom one might describe as ‘chancers’”, Birmingham Law Society has proposed.
Solicitor who lied to client “to buy herself time” is struck off
A solicitor who admitted lying to a client about receiving a medical report “to buy herself time” has been struck off by the Solicitors Disciplinary Tribunal.
Class action lawyers “may be more interested” in fees than clients
The Competition Appeal Tribunal is “alert” to the possibility that revenue streams are the priority for lawyers and funders where they, rather than the claimants, initiate class actions.
Conveyancers need reform of Building Safety Act “minefield”
Reform of building safety regulations may encourage professional indemnity insurers to remove their block on conveyancers advising on certain transactions, CILEX has told the government.
SDT rejects managing partner’s bid to blame junior solicitor for errors
A managing partner has failed to convince the SDT to blame the one-year qualified solicitor he was supervising for failures on a conveyancing transaction at an undervalue.
Land Registry needs to ditch “quasi-legal” culture, review finds
HM Land Registry needs to shift from a “quasi-legal” culture to one that is more consumer friendly given the changing nature of the home-buying process, according to a review.
AI use gaining ground rapidly across legal profession
Six out of 10 lawyers are using GenAI for work purposes and most of the rest plan to use it, with small law firms twice as likely as larger practices to “rely heavily on AI for day-to-day work”.
Acquisition number 15 for Gateley as it beefs up IP practice
Gateley has made the 15th acquisition since it listed just over a decade ago by buying intellectual property law firm Groom Wilkes & Wright for up to £9m.
NHS Resolution to launch neutral evaluation scheme
NHS Resolution has announced the launch of a neutral evaluation scheme and awarded the first two contracts to CEDR and Trust Mediation.
Blog
From ‘year zero’ to £6.5m – how a law firm found its second life
In 2018, I hit what I call ‘year zero’. On paper, Olliers Solicitors was a top-tier criminal defence firm but beneath the surface, I could see we were at a crossroads.
Linklaters’ chief growth officer takes the ‘blank sheet’ challenge
In the third and final part of this series, Lucy Murphy, chief growth officer at magic circle firm Linklaters, outlines her vision for the law firm of the future.
The ‘blank sheet’ challenge, part 2 – what would you do differently?
In the second part of this blog series, Shainul Kassam, managing director of small London firm Fortune Law, sets out how she would set up a law firm now.
