Legal Services Act
Exclusive: Assure Law buys HighStreetLawyer in bid to build 200-firm network
Business consultancy Assure Law has acquired a majority stake in HighStreetLawyer.com, the network of small firms, and plans to expand it substantially.
‘Named and shamed’ barrister hits back at “misleading” ombudsman
The first lawyer to be ‘named and shamed’ by the Legal Ombudsman (LeO) for a series of complaints has argued that he is only “trying to adapt to new market forces”.
LSB aims to present new government with “range of options” on future of regulation
Sir Michael Pitt, chairman of the Legal Services Board, said yesterday that he wanted to present the new government after next year’s general election with an agreed “range of options” for the future of regulation.
Quindell price nosedives again as Terry sells 25m shares
The share price of alternative business structure Quindell went into meltdown again today after it emerged that founder and former chairman Rob Terry has sold 25m shares over the last fortnight.
Olympic lottery boss takes over at Legal Ombudsman
Ian Brack, formerly chief executive and chief accounting officer of the Olympic Lottery Distributor, has been appointed interim chief executive of the Legal Ombudsman in succession to Adam Sampson after his resignation last month.
LeO names immigration barrister in first ‘public interest’ publication
The Legal Ombudsman has exercised for the first time its power under the Legal Services Act to name “in the public interest” a lawyer responsible for a series of complaints.
LSB foresees increased turbulence in market as more firms enter, exit and merge
There is set to be increased turbulence in the legal market, with more new entrants, consolidation and the exit of those who cannot adapt, the strategy director of the Legal Services Board has predicted.
Quindell calls in PwC to conduct review in bid to head off cash flow concerns
Alternative business structure Quindell has called in PwC to conduct an independent review of the business, with the issue of its cash flow a key focus, it announced this morning.
Duke Street puts further £13m into Parabis
Private equity company Duke Street Capital has invested a further £13m in Parabis Group in a show of long-term commitment to the top 50 firm. Duke Street was the first private equity investor in a solicitors’ firm.
Consumer panel: “remarkable innovation” in the market but is deregulation going too far?
The Legal Services Consumer Panel today expressed concerned that “the recent emphasis on deregulation… is being taken too far”, while also praising the innovation seen to date through alternative business structures.
Blog
Amplifying reach through employee-driven thought leadership
Nine in 10 executives believe thought leadership is critical to building authority, yet only a quarter feel they have implemented a robust strategy.
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.
