FCA to take control of anti-money laundering supervision of professional service firms in major reform Prof Services The government’s reform of anti-money laundering and counter-terrorism financing supervision will significantly change and diminish the roles of the legal regulator and HMRC. Today, the Treasury revealed the outcome of its consultation on reforming anti-money laundering and counter-terrorism financing supervision, primarily for professional services, by creating a Single Professional Services Supervisor (SPSS), with the Financial [...]
Legal profession hits back at Robert Jenrick threat against ‘activist’ judges Legal Legal bodies representing over 250,000 lawyers have hit back against “politically motivated attacks” on the legal sector as “irresponsible and dangerous”, a week after the shadow justice secretary pledged to sack ‘activist’ judges. Last Tuesday, speaking at the Tory Conference, Robert Jenrick announced a sweeping crackdown on what he describes as “pro-migration bias” in the [...]
Big name, big pay, even bigger hours: Welcome to City law firms Legal The salaries of junior lawyers is a topic that sparks headlines, adding even bigger sparks to debates over 20-something-year-olds pocketing hefty wage packages. However, considering the hours they work and what is expected of them, the money is earned. US firms, many of which now dominate London, not only compete over lawyer rates but also [...]
Think twice before you take legal advice from AI August 26, 2025 AI can help make legal support accessible, but it can also be dangerous. Could a regulated AI tool akin to the NHS 111 service be the answer?
Spare a thought for in-house lawyers; their job is not as ‘easy’ as some think June 5, 2025 The workload for an In-House legal team is set to increase as businesses strive to reduce costs.
Kennedys breaks through £400m global revenue barrier June 4, 2025 Kennedys reported its 11th consecutive year of growth, with the latest results showing revenue surpassed £400m for the first time
Law firm Crowell & Moring shifts London HQ to Bishopsgate May 28, 2025 Crowell & Moring has swapped its London HQ from Tower 42 to 199 Bishopsgate, joining the swarm of City firms on the outskirts of Shoreditch
Recruitment surges for employment lawyers as businesses worry about worker rights overhaul April 30, 2025 Law firms are actively seeking to bulk out their practices as the pending employment law overhaul drives uncertainty at businesses
AI use rising in legal services, but public trust remains low April 29, 2025 While AI’s potential to reduce costs and improve efficiency is making waves within the industry, both public and legal professionals remain cautious about fully embracing the technology, especially for legally complex issues. A recent survey by Robin AI found that only 10 per cent of people fully trust law firms, with only 30 pert cent [...]
Stressed staff cost UK professional services firms more than £4m a year March 19, 2025 Nearly half of the professional service workforce is stressed, causing significant financial impacts on businesses