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…
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…
A significant report reveals the financial toll of mental health challenges on large law firms.Law firms are losing millions yearly and experiencing a 19% drop in…
Legal professionals’ mental health is under scrutiny with new guidelines urging firms to integrate wellbeing into performance reviews.The Mindful Business Charter (MBC) has released recommendations addressing…
Large law firms express concern over GenAI, fearing financial impact.PwC’s survey reveals mixed views on GenAI’s effect on business models.A majority of law firms anticipate automation…
Recent research reveals a declining interest in mergers among smaller law firms, highlighting a shift towards organic growth.Only 10% of smaller law firms are now open…
This report examines the disconnect between DEI policies and actual practices in the legal sector, drawing on findings from recent research.Despite widespread implementation of DEI strategies,…
