Latest news
Law firm slapped with £80,000 fine for AML breaches
A London law firm has been fined nearly £80,000 by the Solicitors Regulation Authority for failures to comply with the anti-money laundering rules, one of the largest to date.
Still no timeline for ABSs in Scotland despite new law
The Law Society of Scotland has declined to confirm when it will introduce alternative business structures now that all ownership restrictions on them have been removed.
Ex-managing partner fails in appeal against £210k costs award
A former managing partner has failed in his appeal against a £210,000 costs order after trying to mislead an employment tribunal in a claim against his firm.
No “generalised” ethical failure among solicitors, insists Law Society
High-profile scandals like the Post Office are “not indicative of a generalised failure of ethical standards within the profession”, the Law Society has insisted.
CJC calls for “urgent” government review of SSB-style funding
The government needs to urgently investigate the type of litigation funding used by collapsed law firms like SSB Law and Pure Legal, the Civil Justice Council said yesterday.
City partner “erroneously” paid out £2.2m to developer client
A partner at DWF has been fined £14,000 for wrongly approving £2.2m in payments to a developer which later went bust, leaving the firm to recompense out-of-pocket buyers.
Private equity firm eyes bid for personal injury group
A private equity firm is poised to bid for Frenkel Topping Group, which seeks to offer everything except legal advice in support of personal injury and clinical negligence victims.
CJC calls for “light-touch regulation” of third-party litigation funding
The Civil Justice Council working party on litigation funding today recommended the introduction of “light-touch regulation” through legislation.
Solicitor who worked for three firms at same time struck off
A locum solicitor whose timesheets claimed for the same time from two different firms – while employed full-time at a third – has been struck off.
Law firms “must tell clients how to complain at end of cases”
Law firms must tell their clients how to complain at the end, as well as the beginning, of their cases, under new rules proposed by the Solicitors Regulation Authority.
Blog
A new era of legal operations
What we are seeing in the UK legal market is extraordinary change that will greatly influence how firms operate and compete for years to come.
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
