The Solicitors Regulation Authority (SRA) has announced significant proposals to change how law firms manage client funds.The proposed reforms include prohibiting the retention of interest by…
The Solicitors Regulation Authority (SRA) is considering increased oversight of law firm mergers and acquisitions (M&A).Concerns have been raised that new checks could deter investors or…
The Solicitors Regulation Authority (SRA) proposes adjusting the current funding model for its Compensation Fund from a 50/50 split to a 70/30 ratio between individual solicitors…
The Solicitors Regulation Authority (SRA) fines eight law firms £57,000 for inadequate anti-money laundering (AML) controls, highlighting continued issues in the sector.Key failings included the absence…
Recent mergers highlight significant changes in the legal sector, emphasising transatlantic collaborations and expansions.City law firm Herbert Smith Freehills (HSF) merges with US-based Kramer Levin to…
A recent survey highlights strong opposition among law firms to the SRA’s proposal to stop them from holding client money.The Solicitors Regulation Authority (SRA) is considering…
Despite significant economic challenges, many law firms have demonstrated resilience and growth in the past year.Four in ten firms reported revenue growth surpassing inflation, showcasing their…
Recent reviews reveal significant non-compliance in law firms regarding anti-money laundering (AML) regulations.Only 22% of firms achieved full compliance in recent checks by the Solicitors Regulation…
QualitySolicitors has expanded its professional services by joining forces with CharterGroup.This collaboration forms part of a broader Legal and Professional Services entity.QualitySolicitors’ membership spans 25 to…
Leading law firms are harnessing emotional branding to stand out in a competitive market.A report reveals a new trend among top 100 law firms focusing on…
