Legal sector hits back at EU calls for regulation of third-party litigation funders September 14, 2022 Lawyers and litigation funders have hit back at EU plans to regulate the third-party litigation financing industry in claiming new rules could limit access to justice. The clashes come after the EU parliament on Tuesday voted overwhelmingly in favour of adopting a report by German MEP Axel Voss calling for new regulation of Europe’s [...]
Legal sector wage inflation expected to slow, Gateley chief executive says September 13, 2022 The head of UK listed law firm Gateley Plc has said he expects “pay inflation” in the legal sector to slow over the coming year. Speaking to City A.M. Gateley chief executive Rod Waldie said “wage inflation has been the single biggest issue we’ve had to confront” as he noted the law firm’s payroll costs [...]
UK’s accounting sector on course for record year as firms capitalise on volatility September 12, 2022 The UK’s accounting sector’s turnovers continued to grow over July as the industry bucked trends towards plummeting revenues in the wider services sector. The accounting sector’s turnovers increased 0.69 per cent from June to July, to heights of £3.54bn, figures from the Office for National Statistics (ONS) show. The growth saw the sector’s revenues [...]
Barrister fined £500 over links to ‘inappropriate and offensive’ tweets September 11, 2022 A barrister has been fined £500 for his links to an anonymous Twitter account that put out a series of “inappropriate and offensive tweets.” The Bar Standards Board (BSB) fined Anthony Daniel Bennett £500 for allowing the Twitter handle “@arrytuttle” to send a series of offensive tweets about fellow barrister Adam Wagner. Bennett authorised use of [...]
Information watchdog to crack down on Freedom of Information request failures September 11, 2022 The head of the UK’s Information Commissioner’s Office (ICO) has warned public bodies it will take action against those failing to respond to Freedom of Information (FOI) requests within the required 20-day time frame, after issuing its first enforcement notice against a government department in seven years. ICO chief John Edwards said the watchdog [...]
Solicitors watchdog to crack down on SLAPP lawsuits, SRA chief says September 8, 2022 The head of the UK’s Solicitors Regulation Authority (SRA) has vowed to crack down on the use of spurious lawsuits to silence legitimate criticism. In an article in The Times, SRA chief executive Paul Philip said the watchdog is “committed to cracking down” on law firms using so-called ‘strategic lawsuits against public participation’ (Slapps). The [...]
Claimants pile into Dogecoin lawsuit against Elon Musk September 8, 2022 A $258bn lawsuit accusing Elon Musk of running a “crypto pyramid scheme” to bolster the price of Dogecoin has expanded to include seven new claimants and six defendants, including The Boring Company. The lawsuit, first filed in a New York federal court in June, accuses the world’s richest man of running a ponzi scheme by [...]
EY to let partners vote on plans for global split September 8, 2022 EY is to begin letting its partners vote on plans to split its consultancy arm from its audit business by the end of the year, with a view to reaching a final decision by early 2023. The Big Four accountancy firm has decided to move forward with plans to separate EY into “two distinct, multidisciplinary [...]
DWF bolsters offerings through acquisition of specialist cost-cutting firm Acumension September 8, 2022 London listed law firm DWF has acquired a specialist cost cutting company Acumension as it continues to expand its services offerings. The deal will see the law firm almost double the size of its DWF Costs business by taking on board Acumension’s 47 cost reduction specialists. DWF Costs, one of the UK’s largest legal cost [...]
UK’s new justice secretary Brandon Lewis to meet with Criminal Bar Association September 8, 2022 The UK’s new justice secretary Brandon Lewis has agreed to meet with the Criminal Bar Association (CBA) following former justice secretary Dominic Raab’s failure to meet with the barristers’ trade body. Lewis is set to meet CBA chair Kirsty Brimelow QC on Monday 12th September, after his predecessor failed to directly engage with striking barristers [...]