Solicitor news

Autumn Budget 2021

Autumn Budget 2021

Budget 2021 The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to "build back better" with ambitions to level up and reduce regional inequality. Main Budget proposals Tax measures include: a new temporary...

Rules for taxing partners due to change

Rules for taxing partners due to change

The government has published draft legislation outlining how they aim to change the current rules for taxing partners in cases where the partnership’s year-end does not fall on 31 March or 5 April.   What changes are being proposed? Partners will be taxed on the...

Is Compliance Being Overlooked Due to Homeworking?

Is Compliance Being Overlooked Due to Homeworking?

A recent survey involving 3,500 law firms conducted by Access Legal recently reported that many law firms are overlooking updating their cybersecurity policies or conducting adequate data protection impact assessments. Analysis of the data found that more than 40% of...

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 independent team to evaluate enforcement quality

SRA plan 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...