Latest news
Five years on from its ABS licence, Co-operative Legal Services sees income and profits jump
Co-operative Legal Services recorded a 22% jump in turnover in 2016 and tripled its profit as it continues to recover from the difficulties it experienced in previous years. The legal services operation is also to be brought together with the Co-op’s funerals business to create a Life Planning division.
LSB drops plan to probe “slow progress” of female and BME lawyers to senior roles
The Legal Services Board has dropped plans to probe why it is taking women and those from ethnic minorities so long to reach senior roles in the profession. It also rejected the Law Society’s claim that it is putting too much emphasis on promoting competition at the expense of the other regulatory objectives it is meant to uphold.
Private prosecutions, referral fee scams and databases – PI insurance fraud in the spotlight
Leading insurance law firm Hill Dickinson has successfully undertaken a landmark private prosecution over a fraudulent road traffic accident claim, in the wake of the separate jailing of four people over a fraud that costs solicitors’ firms and insurers hundreds of thousands of pounds.
ABS pioneer sanctioned for multiple accounts rule breaches
The former boss of the first accident management company to buy a law firm and become an alternative business structure has been rebuked and fined £7,500 by the Solicitors Regulation Authority for 11 accounts rule breaches and two breaches of the SRA principles.
Exclusive: Law Society scraps external adjudication for freedom of information disputes
The Law Society has scrapped external freedom of information (FoI) adjudications in favour of reviews by an “independent member of staff”, it has emerged. The society is not subject to the FoI Act, but until now it has dealt with requests as if it was covered by the Act, which meant having an independent reviewer.
Jail for “shameless” fraudster stole £720,000 from law firms
An “shameless” woman who abused her position at solicitors’ firms to fraudulently gain more than £700,000 has been jailed for three and a half years. Caprice Chaneele Lindo, 40, of Bradford, pleaded guilty to money laundering and eight counts of fraud at a previous hearing.
Exclusive: SRA “planning to give all legal work to single law firm”
The Solicitors Regulation Authority is planning not only to combine its two law firm panels into one, but also to give all the legal work involved to a single firm, Legal Futures understands – leaving solicitors who have acted for decades as prosecutors out in the cold and questioning whether the regulator is taking the wrong approach.
High Court: law firm “sufficiently well-funded” to cope with freezing order over £2m in fees in its client account
Leading litigation firm Stewarts Law is “sufficiently well-funded” to cope with £2m intended to pay its fees and disbursements sitting frozen in its client account, while the true owner of the money is identified, the High Court has ruled.
Leading City firm fined record sum for money laundering rule breaches
City firm Clyde & Co has been fined £50,000 – the largest penalty issued against a law firm – and three of its partners £10,000 each for allowing its client account to be used as a banking facility and breaching anti-money laundering rules.
BSB to launch plans for ‘barrister apprenticeships’
The Bar Standards Board is to launch a consultation this summer setting out the rule changes it needs to implement its fiercely contested training reforms, and among them will be a new route to qualification similar to solicitor apprenticeships.









