Eight out of 10 City law firms report fall in PEP
Profits per equity partner are tumbling at City law firms despite increases in revenue, new research has found. Eight in 10 City firms reported a decline in PEP this year.
Bar chief suspended for train chat that breached court order
The former head of the Scottish Bar has been suspended after being filmed on a train naming women who had accused ex-SNP leader Alex Salmond of sexual assault, in breach of a court order.
PII renewal heralds annual M&A rush among law firms
The 1 October indemnity insurance deadline many law firms still adhere to has been marked by the usual rush of merger activity up and down the country, from Leeds to Nottingham to Devon and beyond.
Law firm fined after building up £105k in residual client balances
A North London law firm that allowed £105,000 of residual client balances to build up over 13 years has been fined £14,000 by the Solicitors Regulation Authority.
Law firm consultant was worker, not employee, tribunal rules
A solicitor who worked as a consultant for a South London law firm was not an employee and so could not sue for unfair dismissal and breach of contract, an employment tribunal has ruled.
Law firm loses out on $3m after CA rejects bid to sever part of CFA
A law firm which charged its client nearly $3m under an unenforceable conditional fee agreement has to repay the money after failing to sever the offending clause, the Court of Appeal has ruled.
SDT clears City lawyer in Zoom “espionage” case
A senior City lawyer accused of misconduct which the public would view as “perhaps even tantamount to espionage” has been cleared by the Solicitors Disciplinary Tribunal.
PEXA agrees £31m Smoove deal in bid to grow conveyancing presence
PEXA, the Australian conveyancing technology giant that last year bought a UK law firm, is set to expand significantly after agreeing a £31m deal by buy listed company Smoove.
New legislation could introduce electronic wills “immediately”
A new Wills Act could permit electronic wills to be introduced “immediately”, rather than enabling the Lord Chancellor to introduce them in the future, the Law Commission says today.
LSB has “no role” in promoting use of technology
The Legal Services Board has “no role” in promoting the use of technology and there are “dangers in using regulatory levers to attempt to do so”, the Bar Council has warned.
