Industry Insights

A market-leading incentives law firm credits its recent conversion to Employee Ownership Trust (EOT) as a key driver to its outstanding team culture and financial performance.  “I can’t recommend [...]

AML compliance posts are coming thick and fast. Is your firm caught by the Money Laundering Regulations? About three quarters of law firms are. Either because they provide a regulated service [...]

This Wednesday 13th October, Jonathon Bray is hosting a lunchtime webinar on the law firm EOT. Register here. A link to the recording will be be available through our COLP Insider newsletter on [...]

Samantha Bray says the legal profession needs to start taking mental wellbeing seriously. This week, LawCare (the mental health charity focused on the legal profession) published a major report [...]

The SRA is likely to continue prosecuting ‘easy targets’ for ethical breaches, despite widespread criticism of recent disciplinary cases involving junior lawyers. That was the [...]

Philip Lewis says that even before Covid-19, the legal sector was seeing significant activity in law firm mergers and acquisitions. The likelihood is that this will continue as practices grapple [...]

Claire Ambrose, Chartered Accountant with Bishop Fleming, provides timely guidance on a few common breaches of the SRA Accounts Rules. Residual balances: Under Rule 2.5 of the SRA Accounts Rules [...]

This is a post for entrepreneurial lawyers who are thinking about striking out on their own. It might seem strange for a business that specialises in starting law firms to advocate not starting a [...]

Solicitors undertakings underpin a huge number legal transactions. They are relied upon heavily in the property sector. The Supreme Court’s decision in Harcus Sinclair v Your Lawyers has [...]

The deadline for submission of your SRA diversity survey data is 30 July 2021. See our guide to this year’s exercise here. Law firms have spent the past few weeks collecting anonymised diversity [...]