ABS, COLP & COFA News

THE LATEST FROM LEGAL FUTURES

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  • ABS considers listing as it becomes first law firm to join stock exchange growth programme 21st November 2017
    Pioneering alternative business structure (ABS) rradar has become the first law firm to be selected for the London Stock Exchange ELITE programme, which helps innovative new companies grow. Gary Gallen, chief executive of rradar, told Legal Futures that listing was “certainly something we’re looking at”, and being part of the programme would give the firm […]
    Nick Hilborne
  • Jail for men who tried to defraud and blackmail solicitors 21st November 2017
    Two men who were part of an organised fraud network that conned solicitors and others out of over £300,000, as well as a man who tried to blackmail a law firm to pay over €10,000 for the return of data stolen from its systems, have been sent to prison. The post Jail for men who […]
    Legal Futures
  • Kennedys calls in university AI team to help tackle insurance fraud 21st November 2017
    City law firm Kennedys has called in artificial intelligence (AI) experts at Manchester University to help develop a new product to combat insurance fraud. The two-year project, co-funded by the government agency Innovate UK, will involve academics develop a new system based on the law firm’s databases. The post Kennedys calls in university AI team […]
    Nick Hilborne
  • Potential client met with top family law solicitor “to conflict him out” of acting for other side 20th November 2017
    A leading family law solicitor’s meeting with a potential client was for the purpose of conflicting him out of acting for the other side, the High Court has said as it rejected an application to stop him from doing just that. It said Raymond Tooth – famously nicknamed ‘Jaws’ – did not receive confidential or […]
    Neil Rose
  • Law firms view solicitor training reform negatively, SQE survey finds 20th November 2017
    The more law firms find out about the planned Solicitors Qualifying Examination (SQE), the less positive about it they become, expecting that they will have to top up the knowledge acquired under the new route to qualification, research has found. The poll also found widespread ignorance of the Solicitors Regulation Authority’s planned overhaul of training. […]
    Dan Bindman
  • Keystone listing will enable “smooth exit” for private equity investor 17th November 2017
    The public listing of Keystone Law will provide its private equity investor with a “smooth exit” once Root Capital chooses to move on, the firm’s chief executive has told Legal Futures. James Knight was speaking in the wake of yesterday’s news that the ‘dispersed’ or ‘virtual’ firm will list on AIM at the end of […]
    Neil Rose
  • Rebuke for leading legal aid firm that decided theft of client money was not ‘material breach’ of SRA rules 17th November 2017
    Leading legal aid law firm Duncan Lewis has been rebuked by the Solicitors Regulation Authority for deciding that the theft of client money was not a material breach that had to be reported to the regulator. Instead, it considered the misconduct to be an "internal matter". The post Rebuke for leading legal aid firm that […]
    Neil Rose
  • Jailed solicitor ordered to repay £2m crime proceeds, while “narcissistic” judge convicted of fraud 17th November 2017
    A solicitor who was jailed earlier this year for stealing more than £4m – and maybe as much as £10m – from her clients has been ordered to pay back the £1.9m within three months, or face a further eight years in prison. Meanwhile, a  “narcissistic” solicitor and district judge has received a suspended jail […]
    Dan Bindman
  • Keystone to become third listed UK law firm with £15m placing 16th November 2017
    Keystone Law – the pioneering ‘dispersed’ law firm made up of 250 self-employed senior lawyers – is set to become the third legal practice to list on the London Stock Exchange’s AIM market, after announcing today that it will raise £15m through the float. The post Keystone to become third listed UK law firm with […]
    Neil Rose
  • Disruptive ABS declares war on law’s “outdated and inflexible” working patterns, as DWF gains two ABS licences 16th November 2017
    Multi-disciplinary alternative business structure (ABS) Alpaca is continuing with its efforts to disrupt legal and other professional services by declaring war on traditional working patterns and offering flexible working to all staff – and making three board-level hires as a result. The post Disruptive ABS declares war on law’s “outdated and inflexible” working patterns, as […]
    Neil Rose

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