Expert Analysis

• Beyond ChatGPT: AI Considerations For Law Firms

  

  The use of artificial intelligence is likely to become increasingly mainstream in the legal sector, and firms should not remain complacent in the current limitations of ChatGPT, but develop policies to ensure that AI-generated liability and regulatory issues are addressed sooner rather than later, say Corinne Staves and Andrew Pavlovic at CM Murray.

• Reflecting On The Benefits Of Direct Access To Barristers

  

  At close to 20 years since public access to barristers came into being, it is a good time to take a look at its impact on the U.K. legal profession and the more collaborative approach between barristers and solicitors we have seen develop since its introduction, say Amani Mohammed and Sean Gould at Westgate Chambers.

• How Apprenticeships Are Transforming The Legal Sector

  

  As more legal employers recognize the benefits of creating apprenticeship opportunities, they are likely to grow in popularity, ensuring that the best and brightest minds are available to meet the challenges of an ever complex and changing legal environment, says Aisha Saeed at Addleshaw Goddard.

• Pitfalls Lawyers Should Avoid When Correcting Their Mistakes

  

  When solicitors make mistakes that cause prejudice to their clients, they will need to carefully consider whether they should try to fix their mistake, as trying to put things right may expose them to potential regulatory action, says Andrew Pavlovic at CM Murray.

• Translating The Plan For English-Language German Courts

  

  The German Ministry of Justice is aiming to do away with the mistakes of the past and overhaul the German civil procedure in order to accommodate English-language disputes, but the success of these proceedings will depend very much on factors that the proposal does not address, say Jan Schaefer and Rüdiger Morbach at King & Spalding.

• A Breakdown Of The SRA's Proposed New Fining Powers

  

  Thanks to the Solicitors Regulation Authority's pending new fining framework, which includes guidance on unsuitable fines and a fixed penalties scheme for low-level breaches, firms can expect to see more disciplinary findings leading to an SRA fine rather than referral to the Solicitors Disciplinary Tribunal, say Graham Reid and Shanice Holder at RPC.

• Russian Bank Ruling Clarifies UK Sanctions Regime

  

  The recent U.K. High Court judgment of PJSC National Bank Trust v. Mints, a case brought by two Russian banks, is significant in clarifying that the U.K. sanctions regime does not deprive designated persons of their fundamental common law right to bring a claim in an English court, despite their assets being frozen, says Zoe O’Sullivan KC at Serle Court.

• Preparing For EU's Pay Gap Reporting Directive

  

  An agreement has been reached on the European Union Pay Transparency Directive, paving the way for gender pay gap reporting to become compulsory for many employers across Europe, introducing a more proactive approach than the similar U.K. regime and leading the way on new global standards for equal pay, say attorneys at Lewis Silkin.

• Has The Liberalization Of Legal Services Achieved Its Aims?

  

  Although there is still some way to go, alternative business structures are now an increasingly prominent feature of the legal services landscape, and clients can expect greater choice, improved quality and more manageable costs, as was intended by this shake-up of the profession's regulatory frameworks 15 years ago, says Dana Denis-Smith at Obelisk Support.

• How Overseas Property Verification Poses Risks To Attorneys

  

  The recently launched register of overseas entities, requiring verification of foreign owners hoping to purchase U.K. property, could expose attorneys to criminal prosecution, professional negligence claims and reputational damage if they do not complete these checks to the required standard, which nevertheless remains murky, says Harriet Holmes at Thirdfort.

• What To Expect From UK's New Economic Crime Bill

  

  The Economic Crime and Corporate Transparency bill, if passed, will reform aspects of Companies House and strengthen government anti-money laundering efforts, but it is also raising questions about how new information sharing requirements will affect businesses, say attorneys at Signature Litigation.

• A Trusted Cybersecurity Framework Is Imperative For Lawyers

  

  The recent increased risk of cyberattacks has a number of profound implications for law firms, and complying with government guidance by embedding a cyber-savvy culture and adhering to a security framework will enable lawyers to add extra layers of defense and present their clients with higher levels of protection, says Marion Stewart at Red Helix.

• Opinion

  Law School Admissions Shouldn't Hinge On Test Scores

  

  The American Bar Association recently granted law schools some latitude on which tests it can consider in admissions decisions, but its continued emphasis on test scores harms student diversity and is an obstacle to holistic admissions strategies, says Aaron Taylor at AccessLex.

• New FCA Listing Rules May Start Regulatory Shift On Diversity

  

  Listed companies that fail to meet new Financial Conduct Authority rules for minimum executive board diversity currently risk reputational damage mainly through social scrutiny, but should prepare for potential regulatory enforcement actions, say attorneys at King & Spalding.

• What UK Professional Regulation Looks Like In A #MeToo Era

  

  Two recent rulings from U.K. courts and tribunals reveal the increasingly shifting line between professional misbehavior and bad actions that would previously have been considered outside the scope of professional regulators, says Andrew Katzen at Hickman & Rose.