Company & Commercial
Insolvency law “entirely capable” of dealing with digital assets
English insolvency law is “entirely capable of convenient and sensible application to disputes concerning digital assets”, an expert panel has declared.
$1.8m negligence claim against City law firm “must go to trial”
A businessman’s $1.75m negligence claim against City law firm Clyde & Co for allegedly failing to advise him properly on the risk of an anti-suit injunction “must go to trial”, the High Court has ruled.
Were lawyers complicit in Post Office’s corporate governance failures?
A solicitor who acted for three wrongly convicted sub-postmasters has questioned whether lawyers advising the Post Office’s board were more motivated by continuing the retainers.
High Court strikes out top footballer’s negligence claim against law firm
The High Court has struck out a £6m negligence claim brought by a former Premier League footballer against City firm Charles Russell Speechleys.
Specialist lawyers publish free AI contract clauses
The Society for Computers and Law has launched a set of free contractual clauses for transactions involving artificial intelligence.
Law Commission wants digital assets to be “third category of thing”
The Law Commission has called for new legislation to create a “third category of thing”, which is neither “a thing in action nor a thing in possession” but could include certain digital assets.
Nearly half of companies swapped external lawyers in last year
Law firms can not assume they have a fixed place on a client’s roster, with 45% of clients changing which practices they allocate work to in the past year, new research has warned.
Law firm’s negligent advice to football club owner caused no loss
A law firm advising on a dispute over the sale of Sheffield United FC was negligent, including in failing to advise that it had an own-client conflict, the High Court has ruled.
Digital securities “can be accommodated” within existing English law
The most common types of digital securities can “easily be accommodated” within existing English law, the UK jurisdiction taskforce of the LawTech Delivery Panel has concluded.
Solicitor’s visual modelling start-up receives £3m funding boost
A start-up founded by a City solicitor that creates visual models of complex legal transactions is aiming to double in size by the end of next year after raising almost £3m in funding.
Financial firepower means US firms are “set to topple” magic circle
The magic circle law firms are being attacked from all angles and pressure from US practices in particular means they may have to reinvent and reposition themselves, a corporate adviser has warned.
Unregulated in-house specialist partners with magic circle firm
Unregulated legal business The Law Boutique has teamed up with a magic circle law firm Linklaters and its own contract management platform to provide companies with an “holistic” service.
Digital law firm partners with start-up platform as part of expansion
Digital law firm arch.law has announced a “strategic investment” in Connectd, a platform linking the founders of start-ups, investors and advisers.
“Exponential growth” for open-source contract platform
The chief executive of a contract platform which provides businesses with free open-source templates backed by artificial intelligence has reported “exponential growth”.
Business recovery firm eyes acquisitions in bid to double size of ABS
Business rescue and recovery firm Leonard Curtis is eyeing acquisitions as part of plans to double the £2.6m turnover of its law firm in the next three years, Legal Futures can report.
The aim is to double the £2.6m turnover of Leonard Curtis Legal (LCL), an alternative business structure launched six years ago, within the next three years.
Blog
Strong AML controls are meaningless with incomplete data
One expectation as the FCA takes control of anti-money laundering oversight is a move towards more supervision rather than simply writing new rules.
Navigating the legal AI productivity-profitability paradox
Firms are achieving efficiencies through AI, especially in the practice of law. Yet many are struggling to see that reflected in their financial outcomes
Regulation, growth and access to justice: why legal services need a reset
Well-intentioned consumer protections embedded in the regulation of legal services increasingly act as barriers to innovation, competition and access to justice.
