Pure Legal’s unsecured creditors set to recover little of £23m owed
The prospects of unsecured creditors of Pure Legal recovering any of the £23m they are owed have dimmed significantly in the first six months of its administration.
Law firm fails in summary judgment bid over negligence claim
A law firm being sued for more than £2m over a failure to advise properly has failed in its bid for summary judgment over several of the allegations made against it.
Axiom Law enters regulation for first time with US ABS
Leading alternative legal services provider Axiom Law has moved into regulated services for the first time after being granted an ABS licence in the US state of Arizona.
Initiative extends pro bono opportunities to firms’ business services staff
A new initiative extending pro bono opportunities to business operations professionals at large law firms has gone live, linking them with third sector organisations needing volunteers.
Judge calls for guidance on rights of unqualified agency advocates
County court judges would benefit from “more authoritative guidance” from the higher courts on whether unqualified solicitor’s agents have rights of audience, a circuit judge has said.
Partner fined after charitable trusts used client account as bank
A charity law specialist who allowed two charitable trusts to use his firm’s client account as a banking facility has been fined £2,000 by the Solicitors Regulation Authority.
Regulators must tackle “out-of-date” lawyers, LSB says
Regulators must take action to ensure that lawyers are not operating with “out-of-date” skills or knowledge, the Legal Services Board has said.
FCA toughens up new claims management company ‘phoenixing’ ban
The Financial Conduct Authority is going ahead with a tougher version of a ban on ‘phoenixing’ by financial services claims management companies, which will come into force next month.
Entrepreneurs group takes minority stake in boutique law firm
A tech entrepreneurs’ forum set up by the co-founder of lastminute.com has taken a significant minority stake in a law firm that specialises in acting for fintech clients.
Mishcon puts float on ice as staff at listed firms enjoy share rewards
London law firm Mishcon de Reya has put its plans to float on the stock market on hold for the “foreseeable future”, it announced yesterday.
