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This week the SRA Risk Outlook 2021-2022 was launched (‘What is the new normal? Challenges and opportunities for law firms after the lockdowns’), in time for the annual SRA Compliance [...]

Carly Fallon looks at the best way to proceed in this tricky DAML situation. Picture the scene. You’re troubled by a strange transaction and have made a suspicious activity report to the National [...]

At last week’s Legal Futures Innovation conference, it was said that there is interest from US private equity investors in the UK litigation market. We spoke to Chris Clay at Escalate to [...]

On 2nd November 2021 the Treasury updated its list of High Risk Jurisdictions for AML purposes, following on from decisions by the Financial Action Task Force (FATF). Those countries with an [...]

‘Productising’ legal services Service businesses are hard to scale. Lawyers know this better than anyone. Income is intrinsically linked to time spent, even when working on a fixed [...]

Samantha Bray looks at the pros and cons of using services like WhatsApp to communicate with clients. At a recent SRA event (‘Innovation – making business ideas a reality’), there was a short [...]

You will have seen this week’s landmark decision of Lloyd v Google in the news. Our friends at international law firm Milberg LLP (a market leader in consumer group actions) represented the [...]

Service businesses are hard to scale. Lawyers know this better than anyone. Income is intrinsically linked to time spent, even when working on a fixed fee, and cash recovery is lumpy. Lawyers [...]

This newsletter is brought to you by the team of SRA compliance consultants at Jonathon Bray ✅ Failure to disclose – new CPS guidance is a serious risk for lawyers Solicitors and law firms [...]

WIP valuation is often critically wide of the mark, says Rupert Hawke. As a law firm what’s the biggest number on your balance sheet? It is likely to be your Work-In-Progress (WIP). And here’s [...]