Government’s draft IR35 legislation contains important changes

After much anticipation, the Government has now published its draft legislation for the off-payroll working (IR35) rules, which will be enforced in the private sector from 6 April 2020. The latest policy document for the private sector shares a number

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Could your law firm use £250,000 in funding to innovate client services?

If you love innovating and using technology to improve your service to clients, a new £250,000 grant may help you rapidly reach your objectives. The cash forms part of the launch of the Legal Access Challenge, a grant developed in

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One in five firms make “no attempt” to comply with new price transparency rules

The Solicitors Regulation Authority (SRA) will take enforcement action against firms who fail to comply with the new price transparency rules, a report has revealed. The warning comes after one in five websites involved in a small-scale analysis of 500

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ABSs having “direct and positive” impact on legal market

Alternative Business Structures (ABSs) are more likely to innovate and adopt technology faster than traditional law firms, a study has revealed. The finding forms part of the Legal Services Board’s (LSB) 2018/19 analysis of the legal market. Praising the impact

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New conveyancing accounting rules provide freedom to “innovate and grow”

The Council for Licensed Conveyancers (CLC) has proposed new rules on how licensed practices handle client money. The property law regulator said the changes form part of a drive to “reduce regulatory burdens and facilitate innovation” while “keeping client money

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Smallest of firms outperforming established practices, study reveals

The challenging legal landscape has given way to a rise in new and innovative start-up practices, a report has revealed. The finding, published as part of professional network MHA’s new 2019 Legal Benchmarking Report, indicates that firms must diversify and

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New conveyancing accounting rules offer law firms “freedom to innovate, compete and grow”

The Council for Licensed Conveyancers (CLC) has proposed new rules on how licensed practices handle client money. The specialist property law regulator said the changes form part of a drive to “reduce regulatory burdens and facilitate innovation” while “keeping client

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The new Solicitors Accounts Rules: what you need to know

The Solicitors Regulation Authority (SRA) has marked 25 November 2019 as the official date that the new accounting and regulatory standards for law firms will go live. The new regulations, which are set to simplify Solicitors Accounts Rules and offer

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Legal sector soars despite short-term uncertainties

Medium-sized law firms saw a year of solid growth in 2018, growing in both practice revenue and partner income. The figures form part of the Law Society’s Law Management Section (LMS) Financial Benchmarking Survey 2019, which is based on questionnaires

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Gifts out of income and their benefits to beneficiaries

Giving away surplus income as a gift to family members is often promoted as an excellent way of planning for the future and as a way of reducing liabilities on a person’s estate. But how do the rules regarding gifts

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