Exclusive: Simpson Millar owner eyes further law firm investments
The owner of national law firm Simpson Millar is eyeing up further investments, its founder has revealed. It has set up a separate company to make equity investments in law firms.
Staff at listed law firm sign up to discounted share options
Some 192 staff at listed law firm Knights have subscribed for options over the firm’s shares at a discounted price. Listed legal businesses Redde and Anexo have released positive trading updates.
Tribunal issues tax warning after senior barrister’s late payment
Barristers would be “well advised” to make proper provision for tax liabilities given the “episodic” nature of their income, a tribunal has cautioned after upholding a fine against a QC hit by legal aid cuts.
Fight moves to regulations as Civil Liability Bill receives Royal Assent
The Civil Liability Bill received Royal Assent yesterday, meaning the battle over the reforms now moves to the regulations that will fill in much of the detail, including the compensation tariff.
Solicitor “named client as defendant in claim against firm”
A solicitor who named his client as the defendant in a claim against the firm by an expert witness has been struck off. His motivation was to protect his firm’s reputation, a tribunal suggested.
GDPR “causing problems for firms of all sizes”
Personal injury law firms are among those most at risk of fines under GDPR, while data subject access requests are increasingly being used as a litigation tactic, it has emerged.
SDT rejects ‘no publicity’ plea as it strikes off solicitor fraudster
The Solicitors Disciplinary Tribunal had refused a ‘no publicity’ application by a solicitor and deputy district judge convicted of fraud last year.
Law firms “need to disrupt legal market before others do”
Law firms need to build “enlightened” partnerships so as to disrupt the legal market themselves, or face others moving in to do it, the chief customer officer at Slater & Gordon has argued.
US and UK firms in battle for London market as growth continues
There is “increasing competition” for clients and lawyers between the large US and UK firms operating in London, as research shows strong continued growth among the largest City firms.
Bar Council calls for review of rules on fair allocation of work
The Bar Council has called on the Bar Standards Board to review the rules on fair allocation of work for barristers, saying that regulatory attention on diversity should focus on career progression.
