Mishcon acquires group actions management business
London firm Mishcon de Reya has acquired a majority stake in Somos, a global group actions management business set up by two of the founding partners of PGMBM.
Wills group looks to buy “a dozen law firms a year” after PE boost
The Right Legal Group, a wills and probate specialist, has secured private equity funding to buy at least “a dozen law firms a year”, it has emerged.
Staff at employee-owned law firm receive £4,000 bonus
Employee-owned law firm Ison Harrison doubled the turnover of its commercial division last year, partly by advising other businesses on how to become employee-owned.
Two law firms fined thousands for AML non-compliance
Two law firms that have not had their anti-money laundering policies in order for several years have been fined by the Solicitors Regulation Authority.
MoJ launches call for evidence on whiplash tariff
The Ministry of Justice has launched a call for evidence on the whiplash tariff to inform the statutory review of the figures that it is required to carry out.
Firm held hundreds of residual balances for up to 28 years
A law firm that held nearly £600,000 in hundreds of residual client balances dating back 28 years has been fined by the Solicitors Regulation Authority.
Half of barristers “generally content” with their working lives
Half of barristers feel generally content with their working lives, an increase on the previous time they were surveyed, a report for the Bar Council has found.
High Court activity steady in 2023 as Clydes and 4 New Square lead way
Clyde & Co and 4 New Square were the most active law firm and chambers in the High Court in 2023, a year that saw commercial dispute numbers stay steady and insolvency matters on the rise.
Government brings video-witnessing of wills to an end
The pandemic measure to allow video witnessing of wills came to an end last week, after the government decided not to extend it beyond 31 January.
Exclusive: SRA begins fundamental review of client protection
The SRA today starts a conversation about the future of client protection arrangements, the extreme end of which could see the end of firms holding client money and of the Compensation Fund.
