Gateley narrowly overcomes shareholder pay revolt
Pioneering listed law firm Gateley narrowly survived a major shareholder revolt against its directors’ remuneration report, with just 51% of votes in favour of approving it.
Prepare now for negative interest rates, law firms told
Law firms have been urged to change their retainers now so they can charge clients for holding their money, given the “possibility, if not likelihood” of negative interest rates.
Solicitor sells employment law business for £61m
A solicitor who left private practice to set up an employment law, HR and health & safety business 16 years ago sold it yesterday for £59m to a new big player in the employment law world.
Negligent conveyancers cannot dodge liability because of fraud
Negligent conveyancers should not be able to avoid liability because it emerges later that their client was engaged in mortgage fraud, the Supreme Court has ruled.
City sets out innovation blueprint amid fears over Covid impact
The Covid-19 pandemic risks the huge progress made in using technology to innovate in legal services and find new ways of working, according to a report from the City of London Corporation.
Barrister avoids disbarment despite expenses fraud conviction
An employed barrister convicted of fraud after claiming expenses he was not entitled to has avoided being thrown out of the profession by a Bar disciplinary tribunal.
“Rude” CMC fined £250k for millions of nuisance calls
A claims management company that made millions of nuisance calls, and did so in an “aggressive and rude” way has been fined £250,000 by the Information Commissioner’s Office.
SRA eyes “activity based licences” and scheme for unregulated providers
The Solicitors Regulation Authority could offer “activity-based licences”, allowing lawyers to provide individual reserved legal activities instead of its current ‘all or nothing’ approach to regulation.
FCA issues warning to claims management companies
Many claims management companies have shown “a poor understanding of, and sometimes attitude to, their regulatory obligations”, the Financial Conduct Authority said this week.
Leading PI firm declares: We’re ready for whiplash reforms
Minster Law has become the first major personal injury practice to state that it is ready for next year’s whiplash reforms by formally launching its self-service digital claims portal.
