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Pulse UK

Axiom Ince Says SRA Missed £65M Shortfall For Months

By Sophia Dourou

Axiom Ince has challenged the solicitors watchdog's defense to the law firm's negligence claim, arguing that the regulator missed a "crucial opportunity" to uncover the alleged £65 million ($87 million) misappropriation of client money by intervening too late.


Read Full Article

 
 
 
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Top Stories
  • Man in a crashed car with a neck brace being treated by two emergency responders
    DWF Fights Appeal In Personal Injury Data Privacy Claim

    By Sophia Dourou

    Three personal injury claimants on Thursday sought to revive their data privacy claim against DWF, arguing at an...(read more)

  • Metal wall plaque with raised dark letters mounted on a light stone exterior wall beside a glass door with a vertical metal handle.
    Macfarlanes NQ Pay Hits £150K To Match Magic Circle Firms

    By Ashish Sareen

    Macfarlanes LLP said Thursday that it has raised the basic salary for newly-qualified lawyers to £150,000 ($200,...(read more)

  • SRA Proposes New Client Update Rules For Complaints

    By Ashish Sareen

    The solicitors' watchdog has proposed two new rules that would require law firms to communicate more clearly and regularly with clients who make complaints as part of reforms to strengthen complaint-handling standards before matters are escalated to the Legal Ombudsman.

  • Hill Dickinson Not Negligent In Doctor's Whistleblowing Case

    By Hanna Vioque

    Hill Dickinson defeated a doctor's bid for a wasted costs order Thursday, with an appellate tribunal ruling that the firm's failure to disclose a document didn't amount to negligence even if it might have been relevant to his whistleblowing case.

  • BCLP Plans Move To Bigger Frankfurt Office In 2027

    By Ashish Sareen

    Bryan Cave Leighton Paisner LLP has said that it is planning to move to a larger office in Frankfurt as it seeks to expand in Germany.

  • Hogan Lovells Cadwalader Sees 'Opportunity' In Boston

    By Chris Villani

    With the official launch of Hogan Lovells Cadwalader, Boston attorneys at Hogan Lovells are expecting the firm to be able to leverage Cadwalader's strengths and some of the Hub's unique traits in what they call a truly "additive" merger.

  • KC Faces July Contempt Hearing Over Palestine Action Trial

    By Ashish Sareen

    A senior barrister at Garden Court Chambers is set to face contempt of court proceedings over allegations that he breached rulings when he delivered a closing address to a jury while representing a Palestine Action activist in criminal proceedings.

  • Simmons & Simmons' Revenue Nears £700M In Record Year

    By Ashish Sareen

    Simmons & Simmons said Wednesday that it has set records as profits climbed 14% and revenue rose to almost £700 million ($927 million), driven by a focus on sectors including asset management, use of new technology and growth in partner numbers.

  • Addleshaw's Revenue Hits Record £644M In 9th Growth Year

    By Ashish Sareen

    Addleshaw Goddard LLP said Tuesday that its profits have soared and revenue has climbed to a new record of more than £640 million ($846 million) in its ninth consecutive year of growth.

  • Hogan Lovells Cadwalader Eyes Future As Elite Powerhouse

    By Marialuisa Taddia

    Hogan Lovells Cadwalader launches on Wednesday, betting that regulatory expertise now matters as much as Wall Street finance work to global financial institutions, as chief executive Miguel Zaldivar said that the merger has created a firm that belongs among the global legal elite.

  • Collyer Bristow Fights £73M Claim Over Advice On Settlement

    By Jamie Lennox

    Collyer Bristow denies it cost a storage business £73.4 million ($97.3 million) by failing to explain that settling a swaps dispute with Barclays would block future claims against Clyde & Co. and others, telling a London court that its advice was sound.

  • Ashurst, Perkins Coie Go Live With 950-Partner Firm

    By Marialuisa Taddia

    Ashurst LLP and Perkins Coie LLP said Monday that their merger has gone live, creating a transatlantic law firm with combined revenue of around $2.8 billion.

  • Shoosmiths Posts Record £80M Profit Despite Sale Drag

    By Ashish Sareen

    Shoosmiths said Monday that selling its serious injury business had slowed turnover growth, but the firm still posted a record £80 million ($106 million) profit in its latest financial results, as it continues to focus on core practices and technology.

  • The Revolving Door: Weil Bags A&O Global Finance Co-Head

    By Megan Norcott

    Over the past week, Weil bolstered its corporate finance offering with a leveraged finance partner from Sidley and a senior fund finance co-head from A&O Shearman, Ward Hadaway continued its expansion into the education sector with two hires in Newcastle, and Travers Smith lost a longtime data and IP partner to Latham. Here, Law360 looks at those and more of the week's most notable lateral hires across the U.K.

In the Spotlight

  • KC Thought He Was 'Clever Enough' To Lawfully Cut Tax Bill
  • DWF Fights Appeal In Personal Injury Data Privacy Claim
  • KC Faces July Contempt Hearing Over Palestine Action Trial
  • Simmons & Simmons' Revenue Nears £700M In Record Year
  • Hill Dickinson Not Negligent In Doctor's Whistleblowing Case
  • AI Makes Law Firm Change Management A Client Issue
  • Withers Promotes 12 Partners In US, UK, Singapore
  • Hogan Lovells Cadwalader Sees 'Opportunity' In Boston
  • Walkers Promotes 4 New Partners In Europe
 
 
 

From The Courtroom

  • KC Thought He Was 'Clever Enough' To Lawfully Cut Tax Bill
  • Billionaire Appeals Abuse Of Process Ruling In $415M Suit
  • KC In £2M Evasion Trial Sought To 'Get One Over' On HMRC
  • Ex-Partner Partly Recovers Pruned Claims Against Firm
  • KC In £2M Evasion Case Defends 'Efficient' Tax Setup
  • Uber Demands Funder's Docs From Mishcon In £340M Claim
  • Barrister Fined £3K For Calling Woman A 'Goat Farmer'
  • Ex-CPS Prosecutor Struck Off After Child Cruelty Conviction
  • Merricks Says Innsworth Made Enough From £200M CPO Deal
  • ENRC Seeks 'Tender' Approach To Costs In $290M SFO Trial
 
 
 

Expert Analysis

  • John Hutchinson
    AI Makes Law Firm Change Management A Client Issue
    As artificial intelligence implementation is causing clients' expectations of outside counsel to shift toward greater risk control a... (read more)
  • Sinéad Lester
    Practice Leader Insights From Broadfield's Sinéad Lester
    Sinéad Lester, Broadfield's head of commercial litigation, discusses how important it is for a leader to support their team in meeti... (read more)
  • Miriam Bruce
    Practice Leader Insights From Mayer Brown's Miriam Bruce
    Miriam Bruce, Mayer Brown's head of business protection, discusses how being promoted on the eve of the pandemic was a baptism of fi... (read more)
  • Marcella Rich
    Bar AI Guidance Shifts Verification Duty Focus To Law Firms
    The Bar Standards Board’s new guidance on the use of artificial intelligence in legal practice, following two recent cases highlight... (read more)
  • Filippo Falchi
    Nonequity Partner Tier Presents Lawyers With Pros And Cons
    While the nonequity partner model may offer law firms' management flexibility and be a genuine stepping stone for lawyers in some or... (read more)
  • Read More Expert Analysis

 
 
 

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  • Hill Dickinson Not Negligent In Doctor's Whistleblowing Case
  • DWF Fights Appeal In Personal Injury Data Privacy Claim
  • BCLP Plans Move To Bigger Frankfurt Office In 2027
  • Macfarlanes NQ Pay Hits £150K To Match Magic Circle Firms
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