Hedge fund-backed debt business launches ambitious ABS
An alternative business structure has been launched by a hedge fund-backed business that finances commercial debt recovery litigation, with ambitious plans for expansion.
Lawtech firm eyes global push after raising £6m
A lawtech business set up by a former City solicitor and his programmer brother is looking to expand further internationally after raising £6m in private equity funding.
Legal executive banned for forging client’s signature
A highly experienced chartered legal executive who forged her client’s signature after forgetting to ask the client to sign a consent order has been banned from working for law firms.
Law Society announces another multi-million pound deficit
The Law Society recorded an operating loss of £5.5m on its representative work for solicitors in the last financial year, its annual report has shown. It was part of an overall deficit of £9.3m.
SRA imposes ban on trainee solicitor jailed for rape
A one-time trainee solicitor who violently raped one woman and attempted to rape another has been banned from the profession. His sentence was increased to 16 years in May.
Charities sue over senior partner’s theft from estates
Multiple charities – including the Church of England – that claim they lost out after a senior partner stole millions from clients’ estates are suing her, her former partner, the firm and its insurer.
PI lawyer used disbursement cash to prop up firm
The owner of a personal injury firm has been struck off after retaining nearly £500,000 in disbursements to keep his firm afloat after it was badly hit by the LASPO reforms.
Ince Group values brand at £17m as turnover soars
Listed law firm Ince Group has had its brand valued at £17m, it announced yesterday as it unveiled turnover up 87% to £98.5m, reflecting the full impact of the acquisition of Ince & Co.
City giant offers support to staff suffering domestic abuse
City giant Linklaters has introduced a new policy and package of support for employees who are living with domestic abuse, including paying for emergency hotel accommodation.
MPs fear firms, chambers and law centres collapsing
MPs have expressed concern that law firms, chambers and law centres may collapse because of the impact of Covid-19, and that lawyers from BAME and state-school backgrounds will be badly hit.
