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The tech company that facilitated what it claims is the world’s first smart contract supported by the Internet of Things – internet-enabled devices – has told Legal Futures that its product has layers of security amid fears that the increasingly commonplace technology is vulnerable to hackers.

A partner at a leading law firm who did not inform the client whose will he was revising that he was in a personal relationship with one of the beneficiaries – herself an associate at the firm – and gave himself the power to grant her 11 times as much as she was due from the estate after the client died, has accepted his removal from the profession.

A niche law firm specialising purely in employee ownership has become an alternative business structure to extend its own scheme to non-lawyers. The firm, a limited company, was one of the first in the country to introduce employee ownership four years ago.

Law firms are being encouraged to get their act together now and come to terms with the new continuing professional development (CPD) regime for solicitors, which comes into force today. Firms can no longer choose to keep the old hours-based approach.

A wealth management firm has become an alternative business structure and one of the first to adopt dual regulation by the Solicitors Regulation Authority and Financial Conduct Authority. In other ABS news, the vendors of Simpson Millar are to receive a further £3m after achieving the target for their earn-out.

The Solicitors Disciplinary Tribunal has made a rare costs order against the Solicitors Regulation Authority for having brought an “improper” prosecution against a law firm. It also expressed concern at how the regulator had ramped up the costs of the case by instructing leading counsel.

There are increasing reports of ‘touting’ by criminal defence law firms – where they use agents to approach potential clients, even if they already have representation – the Solicitors Regulation Authority has warned.

Some universities will incorporate the first stage of the proposed Solicitors Qualifying Exam (SQE) into their law degrees, the education and training director of the Solicitors Regulation Authority has predicted. She said this would make the legal practice course redundant.

A barrister who sent out a series of anti-semitic and racist tweets has been disbarred by a Bar disciplinary tribunal. The tweets by unregistered barrister Ian Millard in November 2014 were found to be “seriously offensive”. He has also been reported to the police.

The Ministry of Justice has no intention of dropping its plans to separate the legal regulators from their representative bodies, it said yesterday as it unveiled reviews of how the Legal Services Board and Legal Ombudsman are operating.