Our weekly round-up of other relevant news from elsewhere finds alternative business structures on the minds of virtually everyone, whether in England, Scotland, Canada or the USA. If one theme emerges, it is that everyone is waking up to the threats and possibilities inherent in them.
This week’s round-up of other relevant news and comment on the web takes in reaction to our story on an aptitude test for LPC students, Professor Richard Susskind’s thoughts ahead of an updated version of his book coming out, fears of big financial pressures on law firms, a survey that shows solicitors think too much of their own reputation, and much more.
Our weekly round-up of other interesting regulation/Legal Services Act type stories begins with the Law Society Gazette’s ever-interesting Euro blog by Jonathan Goldsmith, secretary-general of Council of Bars and Law Societies of Europe. He looks at a European Commission consultation on how it can encourage e-commerce, with lawyers one of the key targets.
Only two approved regulators currently have open consultations – the Solicitors Regulation Authority on transitional arrangements to its new practising fee arrangements, and the Bar Standards Board on developing authorisation to practise arrangements
What the pandemic has brought into sharp focus for firms is a desire to reduce costs. In 2019, research found cost reductions were last on a long list of priorities for firms; now they are near the top.
As my legal career progressed, I began to realise the reality was very different than I had envisaged. I was in a constant state of stress, working very long hours. I normalised the stress, as it seemed to be everywhere I looked.