Highest-earning barristers set to pay more to practise
The Bar Council and Bar Standards Board are looking to increase the cost of practising for barristers by 4% in the coming year, with a new band for those earning £2m.
Move aside PE – “patient minority investors” target top law firms
The future of investment in the law will be more patient, minority investors who would appeal to the top 50 law firms, which to date have shown little interest in private equity.
Significant increase in threats against solicitors
The level of threats, intimidation and even physical violence faced by solicitors has “significantly increased” and extends across a wide range of practice areas, the Law Society has warned.
Reports to BSB about barrister conduct jump by 24%
There has been a 24% spike in reports about barristers to their regulator this year, according to new figures from the Bar Standards Board.
LSB sets out new approach to improving equality and diversity
Safeguarding the wellbeing of those facing enforcement action should be part of legal regulators’ duty to support equality and diversity, the Legal Services Board said yesterday.
“Why are law firms giving away stakes in their businesses?”
While it is not surprising that private equity is interested in investing in law firms, the real question is why law firms are giving away stakes in their businesses, a leading consultant has argued.
Consolidation laid bare as number of law firms falls below 9,000
The number of law firms in England and Wales has dipped below 9,000 for the first time in recent memory after dropping by nearly 2,000 over the past 15 years.
Solicitors asked to vote on Law Society reform it no longer wants
Solicitors yesterday received an invitation to vote on whether to increase the threshold for calling an SGM of the Law Society – a move it no longer supports.
Senior associates are “biggest flight risk” for law firms
Senior associates are the unhappiest cohort of fee-earners at UK law firms and represent the biggest “flight risk”, according to research.
Budget: No LLP tax and apprenticeship funding boost
No mention of a new tax on LLPs and making apprenticeship training free for under-25s in SMEs were the good news for lawyers in yesterday’s Budget.
