Practice Management
Rocket Lawyer fuels growth with £161m investment
Online legal services provider Rocket Lawyer has received a £161m funding boost to meet growing demand and scale up its cloud-based case management system.
LSB: Regulators must play role in unleashing potential of lawtech
There is a long way to go to unlock the potential of technology to transform legal services and regulators have an important role in this, the chief executive of the Legal Services Board has said.
Owners of closed law firms told: Find extra run-off cover – if you can
Owners of law firms that closed down in the last 20 years have been warned that they face a difficult task in finding insurance to replace the automatic supplementary run-off cover that ends later this year.
Call for work to make consumer-facing legal documents more intelligible
Lawyers need to make consumer-facing legal documents more engaging, and regulators and industry should consider measures to ensure they are intelligible, a report has recommended.
160 firms sign up to consumer app aiming to transform access to lawyers
An app linking consumers to lawyers who provide free video consultations has been launched this week after three months of testing with 20 law firms – more than 160 firms have now signed up.
Firm to use AI to triage new clients and give initial advice
A law firm is deploying artificial intelligence software that will become the first point of contact for all new clients, trained to offer initial legal advice and triage cases.
SRA backs new cyber-losses clause for indemnity policies
The extent to which losses caused by cyber attacks are covered by law firms’ professional indemnity insurance policies is to be clarified by the Solicitors Regulation Authority.
Negligence claim against Irwin Mitchell thrown out after assignment
National law firm Irwin Mitchell has been granted summary judgment in a professional negligence claim because the retainer prevented its former client assigning his cause of action.
Law firm and top entrepreneur ramp up Thirdfort backing
Digital onboarding platform Thirdfort has secured £1.5m in its latest fundraising, with further backing from Zoopla entrepreneur Alex Chesterman and London law firm Mishcon de Reya.
Ince launches client onboarding solution for estate agents
Listed law firm Ince has launched a product to help estate agents onboard clients in a way that meets the demands of anti-money laundering regulations.
Blog
Containing the spread of unapproved AI
Nearly 60% of fee-earners admit to using unapproved tools (like free versions of ChatGPT). Yet 68% of firm leaders are confident there is zero risk of unapproved AI being used for client work.
When AI adoption goes wrong, costs add up fast
City AM recently reported that London is fighting to claim the title of ‘global capital of legal AI’. However, it’s crucial we remember that adoption alone does not create value.
Gen Z lawyers vs identity, sacrifice and success
This conversation began with my training principal, who admitted something many senior lawyers quietly feel: “I struggle to understand what motivates Gen Z lawyers.”
