New research from Culture Shift has found that 73% of legal workers would accepting a job with a firm that has a “toxic” work culture, compared with just 57% of those in the banking industry. 41% of those in the legal industry also would not apply for a firm with poor online reviews, 49% would […]Read More
New research jointly commissioned by the Legal Services Board (LSB) and the Solicitors Regulation Authority (SRA) explores the attitudes of the public and solicitors towards using technology to deliver legal services. It showed that the public is generally willing to use technology that is well-established and familiar to them such as video consultations (66%), and e-signatures […]Read More
A free guide has been launched to help lawyers improve their reputation for client care, build more valuable relationships with clients, reduce client churn and maximise profits. The guide, developed by Moneypenny, includes include practical tips to improve empathy in legal practice and ensure employees’ use of language hits the mark. It also addresses the […]Read More
Following a successful trial in Manchester, the No Interest Loan Scheme (NILS) is to be rolled out across the UK to 20,000 people as the scheme enters the second phase of its pilot. The NILS offers interest-free credit over 6-18 months of up to £2,000 for people who cannot afford the interest on a standard […]Read More
A High Court judge has cleared 76-year-old mathematician Jason Abdelnoor of any wrongdoing after it was claimed he had “bullied” his late mother, Pamela Abdelnoor, into changing her will so as to net himself a greater proportion of her estate. The accusation came from businessman Elten Barker, 49, Jason’s nephew and grandson of Pamela. Elten […]Read More
Answering a question from Labour MP Janet Daby on whether the government will do anything to help pensioners cope with inflationary pressures, a Conservative MP has said that the triple lock will apply for the state pension next year. Simon Clarke MP, Chief Secretary to the Treasury, said: “Next year, the triple lock will apply […]Read More
New research has revealed that the later life lending market in the UK is now worth a striking £153.9 billion. The market is defined by AKG Financial Analytics as “standard, retirement interest-only or equity release mortgages for borrowers over the age of 55 with terms that extend into, or start during, retirement”. Key Group, commissioners […]Read More
Solicitors’ leaders are concerned about the Solicitors Regulation Authority’s (SRA) plans to increase its fining powers by more than 1,000%, as they respond to the SRA’s 2022/2023 business plan and budget consultation. Law Society of England and Wales president I. Stephanie Boyce offered her support for several key elements of the business plan: “In principle, […]Read More
Law firms are in growth mode. Many will follow the tried and tested model of merging or acquiring other firms. A new LexisNexis report asks if there are faster and more reliable avenues for growth LexisNexis Legal & Professional released on Thursday an investigative report entitled “The Laws of Organic Growth.” The report interviews 20 […]Read More
Tougher fines for firms hounding people with nuisance calls and a clampdown on bureaucracy, red tape and pointless paperwork are part of reforms to transform the UK’s data laws announced by the government on Friday. The government is publishing its response to a consultation which aims to harness the power of data to help British […]Read More
Law Society of England and Wales president I. Stephanie Boyce reflects on the Women in Law Pledge, which currently has 46 signatories. I am delighted to mark the three-year anniversary of the Women in Law Pledge, which was launched by the Law Society in partnership with the Bar Council and the Chartered Institute of Legal […]Read More
The annual SFE National Conference is taking place this Thursday (23rd June) at Kings Place, London. Due to national rail strikes, the event is also being live streamed for people who can’t make it to the venue. The line-up of speakers include Barbara Rich and Independent Consultant Solicitor, Mediator, author & legal trainer, Caroline Bielanska. Together […]Read More
The Office of Financial Sanctions Implementation (OFSI) has updated its guidance on its approach to enforcement. This is partially to reflect changes in legislation brought in under the Economic Crime (Transparency and Enforcement) Act 2022. These changes include: A new strict civil liability test for imposing monetary penalties Changes to the review of monetary penalties […]Read More
A new report from the Solicitors Regulation Authority (SRA) shows that email remains a significant vulnerability for law firms, involved in more than four out of five of all reported cybercrime incidents. The Risk Outlook report outlines new threats as criminals look to exploit new technology. It shows that 83% of cybercrimes reported in 2021 involved […]Read More
Speaking at the recent Legal Eye Annual Risk & Compliance Conference in Birmingham, Sean Hankin, Head of Forensic Investigation and Intelligence at the Solicitors Regulation Authority (SRA), laid bare the powers and practices of the regulator when it comes to inspecting firms. Types of visit AML proactive Hankin ran through the types of visit that […]Read More
The monetary policy committee (MPC) of the Bank of England voted 6-3 to increase its base rate of interest by 0.25 percentage points to 1.25% on Thursday. This fifth consecutive interest rate rise means rates are now rising at the fastest level seen for 30 years. The Bank predicts that CPI inflation will be over […]Read More
As the Legal Services Board (LSB) continues its review into continuing competence within the legal profession, the LSB has said that regulators must ensure lawyers do not operate with “out-of-date” skills or knowledge, the Board said within a recent paper titled “Ongoing competence – Emerging themes from consultation”. The LSB consulted on a draft statutory […]Read More
HH Revenue & Customs (HMRC) has launched a consultation on the proposed inclusion of cryptoassets – such as cryptocurrency – in the investment manager exemption (IME). The IME uses qualifying tests to provide certainty that non-UK resident investors can appoint UK-based investment managers to conduct certain investment transactions on their behalf, without bringing them into […]Read More
Hear from the country’s leading Private Client experts at the SFE Conference 2022 The SFE National Conference 2022 takes place on the 23rd June at Kings Place, London with attendees being given an in-depth case study to explore. Set to feature at this year’s event are four expert speakers who will be on hand to […]Read More
Mental health and wellbeing support in the legal profession would not be what it is today without LawCare, the Law Society of England and Wales said today as we celebrate the charity operating for 25 years. Commenting on the anniversary, Law Society president I. Stephanie Boyce: “As one of the independent funders and a principal […]Read More
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