Latest news
Trio of solicitors rebuked for dormant balances and suspense ledgers
Three former directors of a law firm have been rebuked for allowing it to accrue hundreds of dormant balances and five suspense ledgers that between them held £930,000.
Funder can be paid before CAT class members, appeal court rules
There is “nothing surprising or unusual” about the CAT ordering payment to litigation funders and lawyers from a damages award ahead of the class in collective actions.
High Court: Badly drafted will shows dangers of unqualified writers
A badly drafted will which has caused “untold anguish” to relatives of the deceased shows the dangers of using unqualified will-writers, the High Court has warned.
Tribunal reduced suspension for sexual misconduct barrister
“Exceptional” personal mitigation led a tribunal to reduce the suspension of a male barrister who harassed a woman at his chambers’ Christmas party below the indicative sentence.
Solicitor who practised while suspended is struck off
A solicitor who practised while suspended has been struck off, while the law firm owner who unwittingly employed him received a suspended sentence.
PE-backed law firms outperform market as revenues soar
Law firms backed by private equity have seen revenue growth of 30% in the last two years, twice the rate of the top 50, according to new research.
Solicitor suspended for not disclosing own-interest conflict
A law firm owner has been suspended for not disclosing conflicts of interest to clients, including that his wife was a director of the property development company they were buying from.
Solicitors set to pay £38m towards Law Society’s representative work
Solicitors are set to pay £38m towards being represented by the Law Society after it announced plans for a 2% rise in the income it takes from the annual practising fees.
Judge “helped duty solicitor avoid security checks”
A tribunal judge who let a solicitor bypass security checks to enter a courthouse – leading to a confrontation with security staff – has been given formal advice for misconduct.
Listed firm eyes more acquisitions after agreeing big credit facility
Pioneering listed law firm Gateley has announced a new £80m revolving credit facility as it eyes further acquisitions alongside organic growth.
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
