Partner who used client’s estate to buy a house struck off
A solicitor who used money from a client’s estate to buy a house he then lived in has been struck off, with the Solicitors Disciplinary Tribunal saying the public would be “horrified” by his actions.
CILEX calls in ex-LSB chief as it considers whether to change regulator
CILEX has commissioned Chris Kenny, the original chief executive of the Legal Services Board, to review whether it should continue delegating its regulatory responsibilities to CILEx Regulation.
LSB approves scrapping of Bar student aptitude test
The Bar Standards Board can go ahead with its plan to scrap the Bar course aptitude test, the Legal Services Board has decided – even though it may have led to a fall in course failure rates.
What a difference a decade makes: Knights growth story continues
Listed law firm Knights saw revenue growth by 22% in the last financial year – almost all due to acquisition – as it marks the 10th anniversary of adopting a corporate model.
Litigation funder keen on taking more stakes in law firms
The world’s largest litigation funder, Burford Capital, is looking for more law firms willing to exchange a minority stake for capital as an alternative to stock market listing.
Insurance and client capability are “main barriers” to unbundling
The availability of professional indemnity insurance and the capability of clients are the main concerns for law firms looking at unbundled services, research has indicated.
Scotland “polarised” on single legal services regulator
Views on whether Scotland should introduce a single legal regulator remain polarised, with consumers backing “radical changes”, while lawyers argue that it would undermine their independence.
“Astonishing” revenue rise for top law firms in pandemic
The top 50 law firms increasing their revenue to over £20bn during the first financial year of the pandemic has been branded an “astonishing achievement”.
PI costs ruling could have “significant” impact on settled cases
A Court of Appeal ruling that the wording of a settlement of a personal injury claim supplanted fixed costs could have “significant” implications, including for cases that have already settled.
Law firm’s “extremely disquieting” failure to comply with court order
A High Court judge has described as “extremely disquieting” the failure of a North-West law firm to comply with a disclosure order – even though ultimately the order was unnecessary.
