Legal news

Law firms report strong year - 18 May 2015

New research has found that financial stability in the legal sector is improving, with practice income increasing by almost ten per cent. The 2015 Financial Benchmarking Survey, published by the Law Society, has revealed a significant rise in the percentage

New tax changes on way for partnerships? - 17 April 2015

Partnerships, including those in the legal sector, could be in line for further reforms of the tax rules. Last year saw significant changes to the taxation of partnerships, including new rules to tackle so-called disguised employment in limited liability partnerships

Civil court fee increase to be reviewed - 17 April 2015

The effect on legal services from the recent increase in civil court fees will be reviewed, according to Justice Minister, Chris Grayling. In a letter to Lord Dyson, Master of the Rolls, Grayling recognised the concerns highlighted by lawyers and

Removal of ‘intent’ clause in money laundering guidelines leaves legal firms at risk - 17 April 2015

Thousands of lawyers could find themselves at risk of money laundering offences due to the removal of a clause from suspicious activity reports (SAR) regime, according to Law Society. The Law Society, which represents solicitors across the UK, is calling

Significant hike in legal fees to go ahead - 18 March 2015

The Government has rejected calls to cancel its court fees hike and dismissed the suggestion it will disproportionately hit smaller businesses. It comes after the Law Society revealed that it would challenge the decision to increase commercial and civil court

UK legal services market hits high point - 18 March 2015

The UK’s legal services market has been valued at an estimated £29.3bn following the highest recorded annual growth for many years, according to a new report. The study published by Research and Markets revealed that the UK’s legal market was

HMRC experience rush of solicitors declaring income as campaign begins - 18 March 2015

HM Revenue & Customs (HMRC) have said that they have had a high volume of responses from members of the legal profession in regards to the Solicitor Tax Campaign, as the deadline to join the initiative passes. The campaign is

Independent review of legal market need, says lord chief justice - 23 February 2015

Lord Chief Justice Thomas has called for an independent review of the legal market to investigate whether the Legal Services Act 2007 is working and why fees have remained high despite greater competition. Speaking during the presentation of his 2014

Hike in commercial court fees could drive work away - 23 February 2015

Senior judges have expressed concerns about dramatic increases of up to 600 per cent in commercial court fees. The government announced on Friday that the fee for issuing a money claim worth more than £10,000 will be increased to 5 per cent

Law Society warning over on-call lawyer plans - 23 February 2015

Solicitors are to challenge plans to cut the number of on-call lawyers attending courts and police stations. The Government proposals to reduce duty contracts from 1,600 to 527 in England and Wales have led to fears of a sharp increase