LSB calls for improvement in leadership of legal regulators
The Legal Services Board (LSB) has demanded an improvement in the leadership of legal regulators after its latest assessment of their performance proved damning. The regulators are assessed against the same five standards: Regulatory Approach, Authorisation, Supervision, Enforcement, and Well-led. They are rated as providing: “Sufficient” assurance (green) “Partial” assurance (amber) “Insufficient” assurance (red) To […]
The Power of AI – We Asked ChatGPT Why Solicitors Should Use Will Writing Software…. Here’s What it Said
ChatGPT is a new chatbot, built by Open AI. It was launched in November 2022 and it’s become very popular in a short amount of time. Users can ask it all sorts of questions and ChatGPT will give succinct and clear answers. Here at Arken, we’ve been testing it out. We asked ChatGPT why it […]
Know your law firm inside out – with Management Accounts
Law firms, like any other business, rely on accurate and timely financial information to make informed decisions and to manage their operations effectively. Management Accounts provide this information by regularly summarising a company’s financial performance and position. Budgets, cashflow projections and expert advice are crucial to knowing where your law firm is and predicting where […]
