Law firm creates new partner level between salaried and full equity
A Yorkshire law firm has introduced a ‘tailored equity’ scheme to act as a “stepping stone” between being a salaried partner and full equity.
Law firm fails in bid to stop winding-up petition advert
The High Court has refused to grant a Welsh law firm that owes a disbursement funder £2.2m an injunction to prevent the lender from advertising a winding-up petition to other creditors.
“Great deal of work” still needed on barrister apprenticeships
There is still a “great deal of work” to be done to ensure that barrister apprenticeships are ready for launch, the Bar Standards Board has warned, even though it is set to move closer today.
Solicitors told to brace for “radical” rise in compensation fund costs
Solicitors were yesterday warned to brace for a “radical” increase in their contributions to the SRA Compensation Fund following the interventions into Axiom Ince, Metamorph and Kingly.
Law firms warned over lack of AML risk assessments
The Solicitors Regulation Authority has warned law firms that they must carry out client/matter risk assessments or risk being subject to a new system of fixed penalties.
Social mobility at entry level “not translating into promotions”
Social mobility at entry level into law firms is often “not translating into promotion opportunities”, the new and youngest-ever president of Birmingham Law Society has said.
Insolvency funder to ramp up work on Bounce Back Loan recoveries
Leading insolvency litigation funder Manolete is to receive more cases from Barclays to recover Covid Bounce Back Loans that appear to have been misappropriated by company directors.
Acquisitions help propel fast-growing PI firm to rapid growth
The personal injury law firm aiming to become the largest in the country has had another year of major growth, despite the overall sluggishness of the market.
Court rejects bid for non-party costs order against claimant’s solicitors
The High Court has rejected a bid to make a claimant’s solicitors pay the costs of assessment proceedings where the protection of qualified one-way costs shifting is in place.
Bar Council: “Hard to fathom” LSB’s criticism of cab-rank rule
The Bar Council has hit back at Legal Services Board comments on the cab-rank rule, saying that it is “hard to fathom” why it would be against a rule that supports consumer choice.
