Legal Services Act
LegalZoom secures “largest ever investment in law”
LegalZoom, the US-based online legal services provider that owns an ABS, has received a $500m investment – believed to be the largest ever in the legal world.
Consumer satisfaction with lawyers reaches new high
Consumers are happier with the service they receive from lawyers than any other time this decade, according to new research.
California considers leading way in US on non-lawyer owners
The State Bar of California has been urged to take the lead in the US in allowing non-lawyers to invest in and own law firms. It has agreed to set up a task force to investigate.
ABS buys third wealth firm and launches legal club
Fast-growing alternative business structure Progeny Group has acquired its third wealth management firm in little more than a year, also launched a wide-ranging legal subscription service.
Labour MPs step up opposition to Civil Liability Bill
Some 35 Labour MPs have signed an early day motion in Parliament calling on the government to withdraw its planned increase in the small claims limit for personal injury.
“Fragility” of criminal law firms threatening rights, MPs warn
Fundamental rights to legal advice and representation for people accused of crimes are at risk, the justice select committee has warned.
LSB reforms to end “different treatment” for accountants
The Legal Services Board is to impose reform that will end the “different treatment” for accountancy regulators which also oversee legal services.
MPs call for proper explanation of small claims rise
MPs on the justice select committee have called on the government to explain why it considers the proposed increase in the small claims limit to £5,000 “proportionate”.
£3m backing for lawyer’s document automation business
A legal tech business spun out of a law firm run by a former City solicitor and his technologist brother has secured £3.1m in private equity investment.
Legal Ombudsman misses targets as number of complaints rises
The Legal Ombudsman badly missed its targets over the last year following an unexpected surge in complex complaints against lawyers.
Blog
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.
From ‘year zero’ to £6.5m – how a law firm found its second life
In 2018, I hit what I call ‘year zero’. On paper, Olliers Solicitors was a top-tier criminal defence firm but beneath the surface, I could see we were at a crossroads.
