CJEU: Member states can block external investment in law firms
Dec 20, 2024 · EU states may prohibit external investment in law firms, the Court of Justice of the European Union (CJEU) has held. Restricting freedom of establishment and free movement of capital was justified by the objective of ensuring that lawyers practise independently and in compliance with their professional obligations, it held yesterday. The CJEU was answering preliminary questions put by a German ...
Legal Futures - Home of Legal News, Legal Reports & Legal Tech
1 day ago · The SDT has taken the unusual step of rejecting a solicitor’s admissions that he should have done more due diligence on £24m paid into his firm’s client account. The appointments of 105 new King’s Counsel were announced on Friday after the highest number of applications for 16 years – but ...
Wills and probate market expands despite number of firms falling
Dec 17, 2024 · Big increases in grants of representation and powers of attorney (POA) applications have increased the growth rate of the wills and probate market to 7% this year and a market value of £2.8bn, new research has found.
Broadfield UK goes live as founder of international law firm
Dec 3, 2024 · Southern England firm BDB Pitmans yesterday became Broadfield UK, the founder member of a planned international law firm supported by a global management consultancy.. Managing partner John Hutchinson said they hoped to add at least six firms to the network in key European and US jurisdictions over the next two years in a bid to target mid-market private capital and corporate clients.
Supreme Court: clients must agree specific costs deductions
Oct 23, 2024 · Solicitors cannot deduct their costs from a client’s damages without their agreement to the precise amount, the Supreme Court ruled today. It overturned the Court of Appeal’s decision that, where the client had agreed to their solicitor deducting costs, the time to challenge them runs from the time the deduction was made, without the …
SRA warns law firms about misleading use of ‘no win, no fee’
Dec 19, 2024 · Law firms need to be careful in marketing their services as ‘no win, no fee’, and in how they attract clients, especially in high-volume claims work, the Solicitors Regulation Authority (SRA) told solicitors today.
Fine for conveyancer who acted for lenders and himself
Nov 8, 2024 · A solicitor who acted for lenders in conveyancing transactions without telling them he was also acting for himself and family members has been fined £12,500.
SRA closes down four law firms in two days - Legal Futures
Aug 23, 2024 · The Solicitors Regulation Authority (SRA) has closed down four law firms this week, two of which were both consumer claim practices in Liverpool.
Contract law 2025 update - Legal Futures
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Whiplash tariff set to rise 15% as Mahmood finally publishes review
Nov 22, 2024 · The whiplash tariff is set to increase by around 15%, the government announced yesterday, reflecting inflation since it was introduced in 2021 and including a ‘buffer’ to take account of predicted inflation until the next review in 2027.