Legal Services Act


Bitcoin specialist ABS rides litigation wave from volatile digital currency

16 March 2015

A partner at a small West London firm has taken ‘niche’ to a new level by specialising in litigation resulting from the first few turbulent years of digital currency bitcoin.


Large conveyancing firms grab market share as firm numbers fall

16 March 2015

The biggest conveyancing firms have benefited the most from the recession, while the number of practices involved in conveyancing has continued to fall, a survey has revealed.


The first “teaching law firm”? Law school applies for ABS licence

13 March 2015

Nottingham Law School, part of Nottingham Trent University, has applied to the Solicitors Regulation Authority for an alternative business structure licence that would allow it to create a “teaching law firm”.


MPs tell government to consult on formal regulation of McKenzie Friends

13 March 2015

MPs have called on the government to consult on whether there should be formal regulation of McKenzie Friends, whether or not they charge fees. They said encouraging the use of McKenzie Friends “may in some circumstances amount to a counsel of despair”.


Express Solicitors poised for further acquisitions after £10m funding boost

13 March 2015

Express Solicitors, the Manchester personal injury firm, is poised to make further acquisitions after securing £10m funding from the Royal Bank of Scotland. It said the money allowed a focus on growing the business “without having to compromise” on other areas.


RSA teams up with Parabis to launch alternative business structure

12 March 2015

Insurance giant RSA, formerly Royal and Sun Alliance, has entered the legal services market by obtaining a licence for an alternative business structure in partnership with national firm Parabis. RSA Law will go live next month.


Exclusive: The Family Law Café opens for business

12 March 2015

An online family law service that uses barristers to triage a client’s requirements and connect them with the experts needed to assist – whether they are barristers, solicitors, mediators, financial advisers, arbitrators, collaborative lawyers or therapists – has gone live this week.


LSB going back to “first principles” as it mulls how to replace Legal Services Act

11 March 2015

The Legal Services Board is returning to “first principles” as work begins to consider whether the Legal Services Act 2007 should be replaced, its chairman said today.


SRA prepares for rush of ABS applications from criminal law firms

11 March 2015

The Solicitors Regulation Authority has put in place plans to fast-track alternative business structure and other new entity applications from criminal law firms in the event that the legal action against the government’s plans to reform legal aid fails.


Innovation in providing legal services will be “paramount”, survey finds

5 March 2015

A large majority of law firms think that, over the next five years, “innovation in providing legal services will be paramount” as they reach the limit of cost-cutting measures, a survey has found.

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Divorce escrow: asset sales before final settlement

When significant matrimonial assets are sold before a final financial order is agreed, holding the proceeds safely and neutrally can present real practical challenges.


AML lacks clarity – and standards are suffering

If firms are buckling under the pressure of AML regulations, subject to ever-increasing fines, then something is clearly not working as it should be.


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