Solicitors “SEARCH”ing For Answers
For new updated guidance please see article from THE LAW SOCIETY re-research fees. New guidance has been issued by the Law Society about whether items may be treated as disbursements for VAT purposes. The guidance, dated 8 October 2019, follows previous guidance by...
SRA Accounts Rules 2019
The SRA has just published a statement relating to residual balances that cannot be repaid under rule 2.5. of the new 2019 SRA Accounts Rules which become effective for all firms from 25 November. The statement can be accessed from the SRA website...
Investment in Lawtech almost triples in two years to £62m
Research conducted by Thomson Reuters and Legal Geek have found that in the past two years investment in the UK’s legal technology sector has nearly tripled as start-ups receive £61m in 2018. So far this year UK lawtech start-ups have received £62m, whereas in 2017...
Solicitors regulation authority raises concern about firms’ approach to anti-money laundering
The Solicitors Regulation Authority is going to be contacting thousands of firms in the coming weeks to ask them about the money laundering measures they have in place to combat the issue. The SRA will be conducting checks on 7,000 firms as there are fears that many...
