The Solicitors Regulation Authority (SRA) announced yesterday (20 November) that it is reviewing the Separate Business Rule (SBR) to make it easier for solicitors to own businesses providing other professional services to clients.
The liquidators for Scottish football club Rangers have confirmed a £24m settlement has been paid by City firm Collyer Bristow over fees they received in relation to the club’s controversial 2011 takeover.
The Ministry of Justice (MoJ) came under fire yesterday after a report from the National Audit Office (NAO) into civil legal aid reforms concluded that the true impact of the ‘significant and quick’ cuts has not been put under proper consideration.
The beleaguered Olswang has seen a reversal in fortunes, posting a double digit increase in turnover of 11% for the first half of 2014/15, with management seizing on the results as vindication for their strategy.
Eversheds partners have heavily backed a move to pursue a US merger with a vote held at the firm’s partner conference in June this year. Meanwhile, its international ambitions have been furthered with five more firms signing up to its Africa Law Institute.
US firm Fried Frank Harris Shriver & Jacobson is facing a €10m-plus professional negligence claim at London’s High Court made by a former client alleging multiple breaches of duty over advice provided on the enforcement of a commercial loan in France.