SRA’s insurance reforms “piling too much risk on consumers”
The Solicitors Regulation Authority’s plans to reform professional indemnity insurance and the compensation fund put too much risk on consumers without any commensurate benefit, a watchdog has warned.
Law firms “complacent” about market changes, says bellwether report
Law firms are at risk of being overtaken by changes in the legal marketplace if they do not rethink how their businesses are run, according to a new survey.
Credit hire and legal services group set to raise £25m from listing
A group bringing together credit hire and legal services is to list on the stock exchange this week. Anexo Group has recently obtained an ABS licence.
AI “will help law firms make business decisions”, says Law Society report
Law firm managers and in-house counsel will increasingly rely on artificial intelligence for decisions on the best strategic course to take in the future, according to a Law Society study.
LSE and Oxford deliver highest earnings for law graduates, research reveals
Studying law at the London School of Economics and Oxford University are the best for men and women respectively in terms of their career earnings, ground-breaking new research has found.
MPs warned of court modernisation risks
Evidence provided to MPs by those involved in or observing the courts have outlined wide-ranging concerns about the government’s court modernisation programme.
DWF weighing up £600m listing on stock exchange
Top-25 practice DWF is considering whether to become by far the largest law firm to list on the London Stock Exchange, it emerged today. The move would galvanise interest in law firms going public.
Negligent solicitors face damages rehearing after Court of Appeal ruling
The Court of Appeal has overturned a ruling that leading Welsh firm Hugh James did not have to pay a former client damages even though it had provided negligent advice. It is the latest in a long line of negligence cases to come out of the government’s miners’ compensation scheme.
ABS launches programme to retrain lawyers in commercial contracts work
Pioneering alternative business structure Riverview Law has launched a recruitment scheme for lawyers who want to retrain to handle commercial contract work. The first cohort of its ‘Legal Re-Train’ programme has taken in 10 solicitors from family law, personal injury, litigation, industrial disease and employment for a two-year training programme.
Claims management company loses appeal against £533,000 fine
A leading claims management company fined £533,000 for multiple rule breaches – including its sales agents calling banks pretending to be customers – has lost an appeal against the sanction. The tribunal heard the call of an employee telling his grandmother that the CMC had changed its working practices for a regulatory audit.
