Millennials generation “ushers in era of demanding clients and responsive lawyers”
The ‘millennial’ generation of legal services buyer is taking over from the ‘baby boomers’ and bringing a range of new expectations that lawyers must respond to, such as flexibility of service and working hours, predictable pricing, and value for money, according to a new report.
Bar Standards Board scores football specialists as first ABS
The Bar Standards Board has licensed its first alternative business structure, a combination of barristers from 2 Dr Johnson’s Buildings and football agents. VII Law – which started life last year as a BSB entity – is working alongside VII Management, a sports, entertainment and media business.
Top-50 accountancy firm becomes ABS
Top 50 accountancy firm Barnes Roffe has become the latest to gain an alternative business structure licence, Legal Futures can reveal. Meanwhile, Nottingham Law School’s ABS and ‘teaching law firm’ has launched a business and enterprise law service to provide affordable legal advice to small businesses, entrepreneurs and charities.
LSB decides against changing rules on telling clients about complaints procedures
The Legal Services Board has dismissed concerns about the “negative” impact of its requirement that lawyers tell clients about their complaints procedures before any work has been done. Research found “negative reactions” to the prominence of this information but the board said the problem was how some lawyers have chosen to provide it.
Manchester Law Society calls for pro bono volunteers to aid bomb victims
Manchester Law Society has called for firms to join a pro bono advice rota to help those bereaved or injured in the Manchester Arena bomb on Monday. The society is looking for firms who are willing to give pro bono advice and free representation to bereaved families to assist with applications to the Criminal Injuries Compensation Authority and with inquests.
Personal injury firm sold multi-track work after “sudden and unexpected” rejection by bank
A personal injury firm was forced to sell its multi-track work at a “considerable” loss after the “sudden and unexpected” withdrawal of support from its bank, the Solicitors Disciplinary Tribunal has heard as it fined two partners and a non-lawyer partner for retaining unpaid professional disbursements in its office account.
Senior management of defunct firm Cobbetts set to face tribunal over alleged incompetence
The former senior and managing partners of Manchester firm Cobbetts, as well as its former finance director, are among eight people who have been referred to the Solicitors Disciplinary Tribunal over alleged incompetence in the demise of the practice.
Land Registry to trial blockchain-backed digital property transfer
HM Land Registry plans to live test a ‘Digital Street’ scheme which will enable the “almost instant” transfer of property ownership, backed by technology including blockchain – the secure distributed ledger underpinning the Bitcoin currency – it has emerged.
Regional practice becomes ABS to facilitate equity swap with Singapore firm
A law firm has acquired an alternative business structure licence to facilitate an equity swap, as part of its bid to integrate with a firm of Singapore lawyers and comply with restrictive local laws on ownership. A regulatory rule change in Singapore made it difficult for the branches of foreign firms to operate.
New APIL chief urges SRA to act over solicitors taking referrals from cold-callers
The Solicitors Regulation Authority needs to do more to crack down on law firms that take cases from companies that generate leads through cold-calling, the new president of the Association of Personal Injury Lawyers has said. He also warned that government PI reforms have been paused, not scrapped.
