Latest news


Legal Services Board mulls extending reach into unregulated market

16 December 2015

The Legal Services Board has begun work on whether it could and should introduce a voluntary regulation scheme for currently unregulated legal services providers. As part of a wider package of work on unregulated providers, it is also to investigate in depth their role in the will writing and estate administration, family law, and intellectual property markets.


SRA closes law firm with suspected dishonesty plus a bankruptcy in the mix

16 December 2015

A Hull law firm has been closed by the Solicitors Regulation Authority because there was “reason to suspect dishonesty” on the part of a partner and member of staff. Companies House showed that HSBC has a fixed and floating charge over all of the firm’s assets.


Gateley shareholders see first fruits of their investment as firm announces dividend

15 December 2015

Shareholders in Gateley – the first UK law firm to float – are to see the first fruits of their investment after the company announced an initial dividend on the back of strong first-half results. Gateley’s revenue for the six months to 31 October was up 10.9% to £29.6m, with profit before tax rising 11.5% to £2.9m.


SDT unhappy with SRA again after finding that “misguided” partner did not act dishonestly over insurance

15 December 2015

The Solicitors Disciplinary Tribunal has again criticised the way the Solicitors Regulation Authority prosecuted a case against a solicitor, after deciding that a partner who had a “genuine but misguided” belief about the status of one of his employees had not acted dishonestly in what he told his insurer.


BSB reveals low expectations of ABS take-up

15 December 2015

The Bar Standard Board expects to regulate just 20 alternative business structures each year in the first three years after it becomes a licensing authority. Its prediction likely reflects caution prompted by the weaker than expected take-up of BSB-regulated entities.


Shareholders issue claim against Quindell

14 December 2015

The law firm acting on behalf of hundreds of investors in Quindell has today issued its letter of claim over alleged misrepresentations made by the company. Your Legal Friend – the consumer-facing brand of Liverpool firm Camps – has issued on behalf of an initial claimant group of 342 retail investors.


“No procedure” for informing law firms about banned staff, SRA admits

14 December 2015

There is no “current procedure” by which the Solicitors Regulation Authority informs law firms that non-solicitor members of staff have been banned for working for them, it has emerged following a case where national firm DWF took on an employee who was later banned for an incident in her previous role.


Regulator’s training plans could “promote nepotism”, Law Society president says

14 December 2015

The Law Society has condemned plans by the Solicitors Regulation Authority to revolutionise the training of solicitors, warning that they could “promote nepotism” and favour “wealthier students”. The plans include introduction of a Solicitors Qualifying Examination.


Law firm takes the plunge as minority investor in legal tech company

11 December 2015

A law firm has become a minority investor in a legal tech company, in what is understood to be the first move of its kind. Taylor Vinters said it wanted to develop new technology through collaboration with other businesses,


Online pioneer embraces ABS “to reassure SME clients”

11 December 2015

A pioneering online legal business aimed at SMEs has obtained an alternative business structure licence to reassure clients nervous of engaging with internet-based legal advice services that it is also a regulated law firm.

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Accountability has to live within governance, not with one person

The assumption has long been that a COLP or COFA is personally exposed to the consequences of anti-money laundering breaches.


The SRA’s client money reforms: good intentions, questionable execution

On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.


Recruitment, retention and reward in the legal accounts world

Understanding the legal finance market is important – not just for those actively involved in it day-to-day but also for leaders within law firms.


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