Solicitors
“Caring” solicitor undone by accounting system
A “passionate, caring and in many respects competent” solicitor, whose firm got into a financial mess in part because of the accounting software she used, has escaped removal from practice.
SRA fines leading firm for money laundering check failures
Well-known law firm Taylor Vinters has been fined by the Solicitors Regulation Authority for failing to undertake proper money laundering checks on millions of pounds paid into its client account.
Solicitor launches unregulated nanotech firm
A solicitor has launched what he believes is the first legal consultancy in the UK devoted entirely to nanotech firms, the latest to use the rules that allow solicitors to practise from unregulated firms.
“Extremely drunk” senior partner touched and kissed paralegal
The “extremely drunk” senior partner of a London law firm has been fined £10,000 for touching a paralegal on the bottom and kissing her on the neck while sitting next to her in a bar.
Gary Senior case: “An extraordinary abuse of position,” says SDT
The former managing partner of Baker McKenzie’s London office committed “an extraordinary abuse of position” by sexually harassing a junior fee-earner in his hotel room, the SDT has ruled.
Leading regional accountants launch ABS to expand offering
A major Lincolnshire-based firm of accountants is moving beyond offering probate services by becoming an ABS to provide clients with a “wrap-around” service.
Staff the main risk as firms report millions stolen by cybercriminals
Most incidents of cybercrime suffered by law firms are due to individual errors and misunderstanding rather than systems being hacked, research by the Solicitors Regulation Authority has found.
Lawyers for XR to perform “arrestable action” outside Law Society
Lawyers for Extinction Rebellion will perform an “arrestable action” outside the Law Society today to push the SRA to confirm lawyers’ rights to engage in non-violent protest without repercussions.
PII underwriters warn solicitors after failing to change terms
Indemnity insurers have warned solicitors that they will suffer the consequences of their regulator maintaining that policies cannot be cancelled for non-payment of premiums or excesses.
Second summary judgment issued against firm in three months
The High Court has issued a second summary judgment ruling against EAD Solicitors arising from the alleged fraudulent activities of a businessman in collusion with a former partner of the Liverpool law firm.
Blog
Why this is the year for law firms to embrace generative AI
After more than a year of pilots, proofs of value and early experimentation, firms are increasingly embedding AI into day-to-day workflows.
Client account interest is not spare change
The proposed Interest on Lawyers’ Client Accounts scheme is being framed as a sensible, international, “tried and tested” way for the profession to help fund a justice system under strain.
The formula for finance-enabled business development
Client concentration or over-dependence now counts as a top strategic risk for 26% of firms. Cross-selling is an antidote – a way to bolster revenue resilience without relying on client acquisition.
