Latest news
Property lawyers attack “punitive” AML fining regime
The “punitive” fining regime for anti-money laundering rule breaches operated by the Solicitors Regulation Authority has left lawyers feeling “fearful”.
Three out of 10 GCs plan to cut spending on external lawyers
Nearly three out of 10 corporate general counsel plan to cut spending on external lawyers – the highest proportion since 2020, a report has found.
Court quashes part of LeO’s £51,000 award against law firm
The Legal Ombudsman was wrong to find that a law firm failed to adequately assess a client’s capacity and should pay her £15,700 in compensation, the High Court has ruled.
Consultant not entitled to 40% of all firm’s fees from client
A consultant solicitor in a long-running dispute with his former law firm over his entitlement to a share of its fees has failed in his appeal to the Employment Appeal Tribunal.
Barristers “should tell chambers and regulator” about complaints
Barristers will be required to inform both their chambers and their regulator about the complaints they receive, under plans published yesterday by the Bar Standards Board.
LSB lays out actions for SRA to avoid another Axiom Ince
The Solicitors Regulation Authority has been given statutory directions to address the multiple failures in its oversight of Axiom Ince.
City solicitor fails in PI claim over office accident
A judge has rejected a potential seven-figure personal injury claim from a solicitor who sustained “a concussive head injury” from a loose door handle at her firm’s offices.
Senior lawyers front class actions against tech giants
Two lawyers – a retired deputy High Court judge and a former Crown prosecutor – are fronting multi-billion-pound opt-out collective actions against Microsoft and Google.
Martin Tolhurst Solicitors – An apology
Legal Futures would like to clarify that we incorrectly named Martin Tolhurst Solicitors as being the subject of a fine for anti-money laundering failures.
Law firm fined £120,000 for 15 years of AML failures
A Southend law firm that failed to comply with anti-money laundering rules for more than 15 years has been fined £120,000 by the Solicitors Disciplinary Tribunal.
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
