Legal news
‘Greater action needed’ to enforce CMA’s vision of price transparency - 30 October 2018
The Legal Services Consumer Panel (LSCP) has voiced concerns that regulators are not doing enough to ensure that the Competition and Markets Authority’s (CMA) recommendations regarding price transparency in the legal sector are ‘implemented in full’. The call for greater
Almost a third of law firms have been hit by cybercrime in last 12 months, study reveals - 30 October 2018
Nearly a third of all law firms report being targeted by scammers in the last 12 months, a new report has revealed. The finding forms part of the Law Society’s annual professional indemnity insurance survey (PII), warning law firms about
Law firms failing to ‘convert’ potential customers, study finds - 30 October 2018
Law firms are missing out on a “significant” amount of work because they are failing to effectively follow up on leads, new research has revealed. First4Lawyers, which published the research, found that while just over a third of law firms
Fantastic success for legal tech start-up - 28 September 2018
A legal tech start-up has raised £7.5 million in a Series A funding round, reports reveal. Apperio, a UK-based tech firm which aims to help companies change the way they spend their legal budget, received the bulk of their funding
SRA issues important fraud warning - 28 September 2018
A legal regulator has warned law firms about a new wave of fraud costing the sector millions of pounds each year. The Solicitors Regulation Authority (SRA), which published the report, urged solicitors to conduct proper due diligence when hiring new
Court penalises solicitor found guilty of ‘falsifying’ tax returns - 28 September 2018
A solicitor has been struck off the roll after ‘falsifying’ information on her income tax returns, a court report has shown. Commenting on the Crown Court judgment, the Solicitors Disciplinary Tribunal (SDT) said allowing Diana Lee to remain on the
Access to small business market hinges on transparency, research suggests - 28 August 2018
Transparency from legal services providers on price would result in small businesses seeking more legal advice, a new study has revealed. The findings come as part of the Legal Services Board’s (LSB) third research report into the legal needs of
35 per cent rise in number of legal firms falling short of SRA Accounts Rules - 28 August 2018
The number of law firms closing due to breaches of SRA Accounts Rules has increased by 35 per cent, new figures reveal. The Solicitors Regulation Authority (SRA), which published the report, said it had closed 50 law firms in the
Cybercrime and fraud costing legal firms dear - 28 August 2018
Fraud and cybercrime is costing law firms and clients millions of pounds each year as the number of crimes reaches record levels, new figures reveal. In a new report, the Solicitors Regulation Authority (SRA) warned that it is important that
New regulatory changes unveiled by the SRA - 25 July 2018
The Solicitors Regulation Authority (SRA) has published details of a raft of new regulatory changes which aim to make legal services “more accessible to the public”. Among the changes being introduced, the SRA will establish separate Codes of Conduct for
