Millions in funding available as Law Society announces new legal innovation challenge

The Law Society for England and Wales has invited law firms to take part in a new innovation challenge to develop technology to improve responsible data sharing in the legal sector. Leading the challenge, UK Research and Innovation body Innovate

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How to shield clients from Friday afternoon fraud

A cybercrime specialist has reiterated the dangers of using email communications to finalise house purchases following a spate of conveyancing scams. The scam, known as ‘Friday Afternoon Fraud’, involves tricking unsuspecting buyers into sending house purchase monies to a fraudster’s

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Succession planning: could an alternative business structure help your law firm live on?

Two non-solicitor daughters have converted their late mother’s law firm into an alternative business structure (ABS) to ensure the family’s legacy. The story, first reported in specialist legal publication Legal Futures, demonstrates how ABS conversion can be used by solicitors

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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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