Lawyers’ devotion to billable hour has stopped truly disruptive technology from changing the way legal services are delivered to the public, last week’s Legal Futures Innovation Conference was told.
Arbitration and online dispute resolution should be used when there are disputes about smart contracts, the Chancellor of the High Court has said.
Investors are poised to buy into the legal services sector to capitalise on recent regulatory changes, with corporatised law firms best placed to benefit, according to an expert in external investment.
A veteran solicitor who failed to complete several probate matters promptly – with one taking 15 years – has been fined by a tribunal. He said it had been a case of “out of sight out of mind”.
Market forces will mean that commercial sets without a diverse gender pool at all levels will soon find themselves losing work to more gender-equal sets, according to a circuit judge researching equality.
Metamorph Law, which has bought eight law firms in the past three years, is planning to list on the stock market in 12-18 months – the first move of its kind for a UK consumer law firm.
The High Court has ordered a former partner to shoulder the £182,000 costs of the Solicitors Regulation Authority shutting down his law firm in the first case of its kind.
An employee in the London office of US law firm WilmerHale whose drunken actions on a transatlantic plane caused it to turn back has been rebuked and fined by the Solicitors Regulation Authority.
The Solicitors Disciplinary Tribunal has rejected four allegations of multiple rule breaches against a solicitor because they were so badly drafted by the Solicitors Regulation Authority.
Listed law firm Ince Group is examining how it could take advantage of the new rules allowing solicitors to practise from unregulated businesses, it said today as it announced strong half-year results.