Succession planning is vital to maintain the stability and success of your legal firm – ensuring that your clients and the wider firm are taken care of should you decide to retire or if you are suddenly incapable of running the practice. Read More
More than 400 freelance solicitors are now regulated by the Solicitors Regulation Authority (SRA) following the introduction of new rules in 2019.
Three law firms have been fined after failing to comply with new anti-money laundering obligations, it has been revealed. Read More
Moving to a new house before the Stamp Duty Land Tax (SDLT) holiday ends is now unlikely, the Law Society has warned conveyancers. Read More
Dubious investment schemes are resulting in a “huge number of claims” to the Solicitors Compensation Fund, it has been warned. Read More
Solicitors have been advised to inform clients about the “likelihood” of negative interest rates and the implications to money held in client accounts. Read More
Law firms who have used the Bounce Back Loan Scheme (BBLS) or Coronavirus Business Interruption Loan Scheme (CBILS) could extend the terms of their loan to ease cash flow worries, the Law Society for England and Wales has suggested. Read More
Residential conveyancing activity has bounced back following the introduction of the Stamp Duty holiday, new figures have shown. Read More
The Law Society for England and Wales has urged solicitors to renew their professional indemnity insurance (PII) ahead of the October deadline amid fears of a “hardening insurance market”. Read More
Law firms have been warned to stay alert to dubious investment schemes after a new study revealed that more than half of solicitors fail to carry out proper due diligence. Read More