Solicitor news

Law firms increase borrowing during COVID-19

Law firms increase borrowing during COVID-19

During the course of the Covid-19 pandemic law firms have borrowed nearly £700m via the government's various Covid-19 support schemes. Research conducted by Hazlewoods, a firm of chartered accountants within our HLB International group showed that UK law firms...

SRA plan to form independent team to evaluate enforcement quality

SRA plan to form independent team to evaluate enforcement quality

The SRA is planning to create an internal independent team to monitor and evaluate the quality of the disciplinary policies and decisions the SRA has put in place. This proposed new team will work at a distance from SRA operations and will maintain and prepare quality...

How has Brexit impacted the legal sector?

How has Brexit impacted the legal sector?

Since the UK officially left the EU on 1 January 2021, stories about the impact of Brexit on the legal sector have not been a prominent feature in the headlines. The initial response to the deal from many legal professionals was mixed, albeit with a general feeling of...

ICAEW Publish Updated Guidance on SRA Accounts Rules

ICAEW Publish Updated Guidance on SRA Accounts Rules

The SRA Accounts Rules were last updated in November 2019 and are now more condensed with the focus shifting from prescriptive rules to principles-based regulation. The ICAEW’s Audit and Assurance Faculty have now released TECH 01/21 AAF which provides the latest...

Tax Rates and Allowances 2021/22

Tax Rates and Allowances 2021/22

Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...