Practice Management
Natwest survey: confidence and profits rise but firms must "spend more to make more"
Profits were up last year and confidence is buoyant for the coming year among small and medium-sized law firms, according to a major benchmarking survey. Nine out of 10 firms surveyed thought profits would increase during 2014.
Linder Myers refinancing avoids administration
Manchester firm Linder Myers has avoided administration by completing a deal which will see the firm refinance its debts and appoint a chief executive to lead the practice.
Judge cites Karl Marx in rejecting law firm’s bid to exit professional indemnity scheme
A global law firm has been knocked back by a judge quoting Karl Marx, after seeking a waiver from the Isle of Man Law Society’s indemnity insurance requirements.
Online barrister service seeks crowdfunding to back major expansion plans
A website that connects the public directly with barristers is the latest legal business to seek crowdfunding after it launched a bid to raise £150,000 in expansion capital. The site, myBarrister, wants to sign up 1,000 barristers by the end of the year.
Pioneering online dispute resolution service launches divorce package
A groundbreaking online dispute resolution (ODR) service is gearing up for live trials of its expanded 2.0 version, which will initially offer an end-to-end legal support package for divorcing couples.
Osborne extinguishes any lingering hopes of LLP tax rethink
The Chancellor George Osborne yesterday confirmed that there would be no delay in introducing the changes to the way LLPs are taxed, which has left many firms seeking funding for capital contributions.
New phishing alert over bogus Law Society e-mails
Solicitors have been warned to be on alert for scam e-mails that appear to come from the Law Society and have attachments that potentially contain a virus. It follows the recent phishing attack using e-mails that looked as though the SRA had sent them.
Now the North/South divide hits solicitors’ salaries
A significant earnings gap has opened up between solicitors working in the south of England and those in the North in a surprise reversal of fortunes, according to a survey. It also found the gender pay gap widening, with women’s salaries averaging 30% less than men’s.
Treasury decries Lords report and rejects delay for partnership tax reform
The Treasury has said last week’s House of Lords committee report calling for partnership tax changes to be delayed was already out-of-date, and confirmed they would come into force next month as planned.
Diversity: Neuberger backs career judges and urges culture change at City firms
The president of the Supreme Court, Lord Neuberger, has thrown his weight behind career judges as a way of improving diversity in the judiciary. He also bemoaned companies that choose to instruct “obsessive, testosterone-driven men rather than balanced, sensible women”.
Withers ordered to pay out £1.6m over negligence claim
Leading London law firm Withers has been ordered to pay £1.6m in damages after the High Court upheld a claim of professional negligence over the drafting of an LLP agreement.
Lords urge HMRC to delay LLP tax changes
An influential House of Lords committee has added its voice to calls for the government to delay its partnership tax reforms until 2015, so as to allow LLPs time to adjust to the changes.
Radiant opens South Africa in-sourcing centre as it targets ABS to bring top retailer onboard
Innovative legal practice Radiant Law has moved to an in-sourcing model for some of its work by opening an office in South Africa last week – while also applying for an alternative business structure licence to enable a leading retailer to become its chairman.
High Court rejects barrister’s challenge to LeO finding of poor complaint handling
A barrister has failed in his judicial review of a decision of the Legal Ombudsman (LeO) that he did not deal with a complaint properly. LeO has welcomed the ruling for setting the bar high when challenging its decisions.
Advertising watchdog raps PI firm over offer of £2,000 up-front payment
A law firm which offers personal injury claimants a £2,000 up-front payment has been told to make it clear to potential clients that the offer is subject to significant qualifications, after a complaint about one of its television adverts was upheld.










