Serial entrepreneur embraces unbundling with launch of ‘para-law firm’
A legal business which employs paralegals to handle straightforward work directly for clients while managing qualified lawyers on the advisory aspects of their case, has been launched by a serial legal services entrepreneur. He describes it as the UK’s first “para-law firm”.
Pioneering ABS sold to major firm in pre-pack deal
Pioneering alternative business structure Triton Global has been acquired by national law firm DWF in a pre-pack administration deal that saves all 215 jobs. Triton is a multi-disciplinary insurance business combining legal advice, claims administration and loss adjusting that became one of the first ABSs to introduce employee ownership.
Accounts analysis forecasts grim future for over 500 law firms
A financial health analysis of law firms based on annual accounts has predicted that at least 500 firms are heading for collapse in the next three years, with law firms at greater financial risk than businesses as a whole – but the profession was warned that the toll could be higher still.
SRA: Law Society governance problems prove need for independence
The Law Society’s governance troubles – with the resignation of chief executive Catherine Dixon earlier this month – are proof that it is “unsuitable” for any role in the regulation of the profession, the Solicitors Regulation Authority has told the Legal Services Board.
MoJ tells law firms to name their price in legal aid first
The Ministry of Justice has revived the idea of price competitive tendering for legal aid contracts – this time for court-based duty solicitor advice on housing. The proposals would cut the number of housing duty solicitor schemes by more than half, from 117 in 2015-6 to 48.
“Thousands of jobs at risk” from PI reforms, economists warn
Some 31,000 jobs at law firms and other businesses in the personal injury (PI) sector are at ‘high risk’ of being lost if the government presses ahead with its reform agenda, according to an economics consultancy commissioned by the pressure group, Access 2 Justice.
Bourns and Philip clash over SRA reform plans and independence wish
The president of the Law Society and chief executive of the Solicitors Regulation Authority (SRA) have clashed in public over the latter’s controversial proposal to allow solicitors to practise from unauthorised businesses. They also sniped at each other over the independence of the SRA.
Exclusive: AI tax law forecasting app sets sights on UK market
An artificial intelligence (AI) lawtech start-up which claims its product can predict how courts will rule in tax cases with 90% accuracy, in on course to expand into this country. The Canadian company hopes to exploit the similarity of the tax systems in Canada and England and Wales.
Solicitor applies to vary disciplinary condition – and admits he’s already breached it
A solicitor who applied to vary a condition on his practising certificate made when a disciplinary tribunal suspended a five-year suspension from practice, now instead faces the possibility of having the ban activated after it emerged during his application that he had breached the condition.
Law lecturers flay SQE plan for creating “inferior solicitors”
The Bar will “truly be able to say that barristers are better educated in the law than solicitors” if the Solicitors Regulation Authority presses ahead with its reform of education, law lecturers have said in an excoriating response to the regulator’s consultation.
