- Monday, 13 April 2015
A High Court judge has found that although international law firm Baker & McKenzie was negligent in advice it gave on Mexican tax law, it was not liable to pay damages to the company involved.
Tags: High Court, professional negligence, tax
Posted in Indemnity insurance, Latest news
- Thursday, 3 July 2014
Smaller law firms are struggling to retain their junior partners in advance of tough new capital requirements set out by HM Revenue & Customs in its crackdown on fixed-share partners avoiding PAYE tax, an executive search firm has claimed.
Tags: HMRC, limited liability partnership, LLP, partnership tax reform, tax
Posted in Finance, hrtraining, Latest news
- Tuesday, 26 February 2013
The full distribution remuneration model is on the way out because law firms want to stockpile funds within the business, according to a survey. It is being phased out in favour of a more ‘corporate’ approach to bolster firms’ finances.
Posted in Finance, Latest news
- Wednesday, 19 September 2012
HMRC claimed yesterday that a “significant minority” of lawyers in London are underpaying on tax as it launched a specialist taskforce aimed at rooting them out. However, the announcement met with polarised reactions suggesting that it is either likely to lead to criminal actions or is doomed.
Tags: Bar Council, HMRC, tax
Posted in Finance, Latest news
- Monday, 23 July 2012
Alternative business structures and tax liabilities mean that over 2,000 law firms are at risk of failure in the next 12 months, according to the Association of Business Recovery Professionals, better known as R3.
Tags: ABS, Alternative business structures, tax
Posted in Latest news, Market monitor
- Friday, 10 February 2012
Conveyancers will soon be responsible for making commercial clients aware of capital allowances reports and should be careful not to be caught out or risk a negligence action, a tax expert has warned.
Tags: conveyancing, professional negligence, tax
Posted in Competence, Latest news
- Thursday, 21 October 2010
Solicitors’ firms put off becoming limited companies by the complexity of conversion from partnerships are missing out on “very substantial” tax savings, according to one former firm that incorporated successfully three years ago.
Tags: LLP, partnerships, tax
Posted in Finance, News, Solicitors
Good customer service should be a priority for any business and, if you want to stay ahead of the competition, something that’s constantly under review.
There was welcome guidance from the Competition Appeal Tribunal this week for funded cases looking for certainty following PACCAR, with the renegotiated Sony litigation funding agreement upheld as lawful.
The legal industry, steeped in tradition, precedent, and the intricacies of human interpretation, is witnessing an increasingly apparent integration of artificial intelligence as the digital era progresses.
What new challenges will conveyancers face in the next generation, and how can they be better prepared to address them?
Assumed AML checks leave barristers and chambers vulnerable: Key takeaways from the SRA’s Annual AML Report