Legal Services Act
Strong results propel Keystone’s share price ever upwards
Keystone Law today announced annual results “comfortably ahead of market expectations” as its share price continues to soar, having more than tripled in the 18 months since it listed on AIM.
LSB rethinks rule stopping rep bodies from “influencing” regulators
The Legal Services Board is pulling back on proposed rules that would not allow bodies like the Law Society and Bar Council to try and “influence” their regulatory arms.
DWF unveils first acquisition since stock market listing
DWF has made its first acquisition since becoming a listed law firm, buying Polish practice K&L Gates Jamka for an estimated net asset value of £3m.
Gauke “hoping to make progress” on MoJ budget
David Gauke, the justice secretary, delivered an upbeat assessment this morning on his chances of boosting the Ministry of Justice budget after huge cuts. He also spoke about raising the judicial retirement age.
Consumers like law firms that publish prices, survey finds
A large majority (77%) of consumers are more likely to use law firms that publish their fees online, a major survey has found. A smaller majority (58%) would be prepared to use freelance solicitors.
Listed firm talks up benefits of equity participation for staff
Giving staff equity participation is proving a better way to run a law firm than doling out standard bonuses, listed practice Rosenblatt said today as it announced its first results since going public.
Insurers “should be already be monitoring” Civil Liability Act savings
The Treasury expects insurance companies will be already be monitoring savings from the personal injury reforms set out in the Civil Liability Act and the new regime for calculating the discount rate.
External funder backs litigation firm launch
A specialist litigation law firm with support from an external backer that means it can fund cases itself goes live today as an alternative business structure, Legal Futures can report.
Pioneering local authority shared legal service eyes ABS move
A pioneering shared legal service providing advice to seven councils in the East Midlands is set to create the latest local authority alternative business structure.
Consumer panel attacks SRA over freelance solicitors ‘u-turn’
The chair of the Legal Services Consumer Panel has strongly attacked the Solicitors Regulation Authority for changing its insurance requirements for freelance solicitors without giving a reason.
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.
