AML oversight body finds legal regulators coming up short
Nearly half of legal regulators do not undertake enough supervision of anti-money laundering (AML) efforts, according to the organisation set up to scrutinise them.
First ‘teaching law firm’ celebrates benefits to students and clients
The ground-breaking ‘teaching law firm’ set up by Nottingham Law School has recovered more than £3m in benefits and compensation for clients since it was set up nearly five years ago.
Record fine for law firm acting on mis-sold PPI claims
A law firm that specialised in mis-sold PPI cases has been fined a record £125,000 for a raft of rule breaches, including sending millions of misleading and unsolicited marketing letters.
Four investments and counting – PE house eyes more law firms
The private equity investor that now has stakes in four law firms is on the lookout for more, it has told Legal Futures. Earlier this month, BGF made a “multi-million pound” investment in two practices.
Solicitor banned as director after firm shut down owing £1m
A solicitor whose conduct fell “significantly below the standards of probity expected of a company director”, particularly given his legal experience, has been banned from acting as a director.
Law Commission “pauses” smart contracts project
The Law Commission has “paused” its project on smart contracts to avoid potential duplication with work being undertaken by the government-backed lawtech delivery panel.
What amounts to sexual harassment in law firms “evolving fast”
What is defined as harassment in law firms is evolving fast and a telephone call or text that was previously thought innocent might now be considered to be inappropriate, experts have warned.
Flight delay claims firm teams up with university to develop AI
Cheshire-based Bott & Co has unveiled a knowledge transfer partnership with the University of Manchester with the aim of incorporating artificial intelligence technology into the firm.
More than 200 DWF partners to benefit from listing
More than 200 partners of DWF are selling shares as part of this week’s stock market listing, it has emerged. They will initially receive £19.5m collectively for selling a small proportion of their shares,
Court reforms “must measure impact on vulnerable litigants”
A high-powered body of experts has called for more detailed evaluations of the government’s ambitious court modernisation programme, and complained about the lack of data on its impact.
