Legal Services Act
Most firms made a profit last year despite Covid, survey finds
The vast majority of law firms have made a profit since March, showing that predictions the pandemic would wreak havoc in the profession have not come to pass, according to new research.
New practising fee rules will allow “more meaningful debate”
The Legal Services Board has introduced new rules to ensure legal regulators explain more clearly how they spend the money they raise through the compulsory levies on lawyers.
Coca-Cola to penalise outside firms for insufficiently diverse teams
Drinks giant Coca-Cola is to start penalising its panel law firms with reduced fees if they fail to deliver on diversity commitments, in a shift starting in the US and then expanding globally.
Solicitor boss of listed law firm cashes in £61m worth of shares
The boss of listed law firm Knights, David Beech, has cashed in £61m worth of shares, the company announced today, just under half of his stake in the business.
ABS offers “litigation concession” inside law firms
A joint venture alternative business structure specialising in dispute resolution for SMEs is launching a new service for law firms which it compares to “a concession in a department store”.
LeO “needs external help” to speed up complaints handling
The Legal Ombudsman’s proposed 19% budget increase is not justified, the Council for Licensed Conveyancers has said in calling for an external task force to help it deal with complaints more quickly.
GCs at private equity firms “lack control of legal spending”
Senior in-house lawyers at large private equity firms are responsible for the cost of instructing law firms but lack the power to control it, a study has found.
Barristers take on debt and other work to survive pandemic
Six in 10 barristers, rising to 80% of those doing publicly funded work, have taken on personal debt or used savings to get through Covid-19, while a quarter have taken on additional paid work.
New York rejects ABSs for now as Arizona opens doors to them
Alternative business structures will not be allowed in New York for the time being because the case for them improving access to justice has not been made, a commission has decided.
Law Society to LeO: Ask government, not lawyers, for more cash
The Law Society has told the Legal Ombudsman to ask the government for “Covid-related financial assistance” instead of expecting the profession to fund a proposed 19% budget hike.
Blog
AI and client confidentiality: the next regulatory faultline
The area most likely to expose firms to regulatory jeopardy in 2026 needs far more guidance: client confidentiality in the age of commercial AI systems.
The UK’s global leadership in lawtech is at risk if women are left behind
Tech has the equivalent of an old boy’s network. That makes it harder for women to break in. It also makes it harder when it comes to networking, finding backers and ultimately clients.
How legal judgement is shifting in in-house practice
Across UK organisations, legal teams are now involved earlier in decision-making, often before proposals have taken a settled shape.
