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LSB tells regulators to monitor lawyers over ‘price transparency’
The Legal Services Board has urged the frontline regulators to keep a close eye on ‘price transparency’ among lawyers in the wake of a Legal Ombudsman report that said a quarter of complaints it received were triggered by a lack of clarity over fees.
Average big firm PEP tops £1m but fee income per hour falls
Average profit per equity partner (PEP) for the top 10 law firms has exceeded £1m for first time since 2008, reaching £1.03m, while they also recorded a record average profit margin of 40%, PwC has reported.
Regulators “failing consumers” by not cracking down on bad pricing practices
Frontline legal regulators have failed to involve consumers when designing their policies and must in future target resources on improving “bad pricing practices”, according to the Legal Services Consumer Panel.
Jones hire puts spotlight on law firm pricing
Jenny Jones, an accountant with years of experience in pricing legal services at City giant Linklaters, has joined law firm consultancy Jomati.
