News

Solicitor struck off for “sophisticated” Land Registry fraud

A solicitor jailed for more than three years for forging Land Registry documents in a family dispute with the owners of a Newcastle takeaway has been struck off.

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Conveyancing giant enters the big leagues as acquisitions pay off

Simplify, the private equity-owned group that leads the conveyancing market, is now one of the largest legal businesses in the country with a turnover of £139m last year, its accounts have shown.

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SRA bid to cut Compensation Fund payout cap facing rejection

Controversial Solicitors Regulation Authority plans to cut the maximum award from its Compensation Fund from £2m to £500,000 are facing rejection by the Legal Services Board.

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SRA backs new cyber-losses clause for indemnity policies

The extent to which losses caused by cyber attacks are covered by law firms’ professional indemnity insurance policies is to be clarified by the Solicitors Regulation Authority.

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IP lawyers face multi-million pound claim over “secret commissions”

A representative action has been launched against IP law firm Marks & Clerk alleging that it “grossly overcharged” thousands of SMEs through a “secret commissions scheme” with CPA Global.

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Fine for solicitor who acted on both sides in “undue influence” house sale

A solicitor acted for both sides in a house sale at an undervalue between a 78-year-old woman and her 34-year-old boyfriend, which was set aside by the High Court on the grounds of undue influence.

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Negligence claim against Irwin Mitchell thrown out after assignment

National law firm Irwin Mitchell has been granted summary judgment in a professional negligence claim because the retainer prevented its former client assigning his cause of action.

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Law firm and top entrepreneur ramp up Thirdfort backing

Digital onboarding platform Thirdfort has secured £1.5m in its latest fundraising, with further backing from Zoopla entrepreneur Alex Chesterman and London law firm Mishcon de Reya.

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Solicitors who misused £1m raised from loan notes struck off

Two solicitors who issued £1m in loan notes to prop up their firm have been struck off for misusing the money and leaving their investors nursing huge losses.

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Irwin Mitchell tipped for £500m stock market listing – again

National consumer giant Irwin Mitchell is planning a stock market float valuing the law firm at £500m, according to press reports at the weekend. It could happen this year, said Sky News.

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