Simplify the Law owner unveils cash injection from external investor
Evident Legal, the law firm franchise turned online legal service Simplify the Law, has secured a cash injection from a venture capitalist to help it grow. The investor, ARC InterCapital, was set up by former Goldman Sachs vice-president Andrew Dixon.
If at first you don’t succeed… SRA tries again to increase £2,000 fining power
The Solicitors Regulation Authority is again lobbying the government to raise the amount it can fine traditional law firms after its previous attempt to catapult the limit from £2,000 to £250m was rejected last autumn. The revelation came in a consultation on proposed fining guidelines.
ABS specialising in claims by builders and cabbies eyes external investment
A law firm that has innovative web-based personal injury brands, including those directed at the building trades and taxi drivers, is to investigate external investment after winning its alternative business structure (ABS) license.
Admiral "set for deal" with Lyons Davidson to safeguard referral fee income
Admiral Insurance and national law firm Lyons Davidson – which received its alternative business structure licence in November – are having talks about linking up, but it will not involve the law firm being acquired, Legal Futures can report.
“Illogical and not in the public interest”: Bar chief attacks QASA as solicitors join show of unity
The Quality Assurance Scheme for Advocates is illogical in its treatment of QCs and does not serve the public interest by allowing solicitors to act as plea-only advocates, the chairman of the Bar Council has argued. The claims come as the bodies representing criminal law solicitors and barristers united in calling for a halt to the scheme.
Consumer panel attacks regulators for not making lawyer registers available to comparison websites
Legal regulators have failed to open up their professional registers containing disciplinary information to price comparison websites, despite having been instructed to do so by the Legal Services Board, the Legal Services Consumer Panel has complained.
Law Society warns solicitors to protect themselves against "biased" barristers' terms
The Law Society has urged solicitors to protect themselves against the new terms of business being introduced by the Bar next week because they are “weighted strongly” in favour of barristers. From 31 January the traditional default system of non-contractual terms will be replaced.
Clash over whether Delhi rape case proves continuing need for cab-rank rule
The Bar has clashed with academics calling for an end to the cab-rank rule over whether the problem of finding lawyers to represent the accused in the recent Delhi rape and murder case is proof of the rule’s continuing value.
SRA sticks to its guns over referral fee ban guidance
The Solicitors Regulation Authority is confident of its interpretation of the referral fee ban but simply cannot give the level of clarity over which business models will comply that many want, the official leading the work said yesterday.
Government closes door on accountants' last hope to change privilege rule
The government does not intend to extend legal professional privilege to non-lawyers, the Ministry of Justice confirmed yesterday after accountants urged Parliament to level the playing field for multi-disciplinary entities.
