The International Bar Association (IBA) has recently published work that it commissioned from the professional services consultancy McKinsey, which seeks to quantify the social and economic value of the legal profession. This is quantified at $1.6 trillion, or 1.7% of global GDP. The calculation was arrived at by taking into account both direct economic contributions…
Potential causes of differential outcomes by ethnicity in legal professional assessments
The University of Exeter has published the results of a study commissioned by the Solicitors Regulation Authority of England and Wales, which seeks to explore the reasons behind varying legal qualification outcomes among students of different ethnicities. The research revealed that these differences are likely to stem from a complex interaction of factors including social,…
UK Ministry of Justice reportedly explores interest on client account to support free legal advice
The UK Ministry of Justice (MoJ) is reportedly exploring the potential for requiring interest earned on pooled client accounts to fund legal services for those who cannot afford them. It has commissioned research from independent consultants into the practices of law firms in England and Wales in relation to the handling of interest on client…
Solicitors Regulation Authority updates warning notice Strategic Lawsuits against Public Participation (SLAPPs)
The Solicitors Regulation Authority of England and Wales published an updated warning notice for solicitors about Strategic Lawsuits Against Public Participation (SLAPPs) at the end of May, following the entry into law of the Economic Crime and Corporate Transparency Act 2023 and drawing on its own casework. SLAPPs are identified as a misuse of the…
Legal Services Regulatory Authority (LSRA) of Ireland proposals to increase transparency in conveyancing services
The Legal Services Regulatory Authority (LSRA) of Ireland has published a report proposing significant reforms to enhance competition, efficiency, and transparency in conveyancing services. The reforms focus on three main areas: digitalising the conveyancing system, introducing enhanced transparency requirements for solicitors regarding costs, and increasing consumer awareness to facilitate informed decision-making. The LSRA advocates for…
Making sense of professional enablers’ involvement in laundering organized crime proceeds and of their regulation
Money laundering has ascended the enforcement and criminological agenda in the course of this century, and has been accompanied by an increased focus on legal professionals as ‘enablers’ of crime. This article explores the dynamics of this enforcement, media and political agenda, and how the legal profession has responded in the UK and elsewhere, within…
Making sense of professional enablers’ involvement in laundering organized crime proceeds and of their regulation
Money laundering has ascended the enforcement and criminological agenda in the course of this century, and has been accompanied by an increased focus on legal professionals as ‘enablers’ of crime. This article explores the dynamics of this enforcement, media and political agenda, and how the legal profession has responded in the UK and elsewhere, within…
LawCare, a mental health charity for the UK legal sector, has issued advice to employers to combat loneliness
LawCare has issued advice to the beginning of mental health week in Scotland. This year mental health week was focused on combating loneliness. LawCare has encouraged individuals and employers to: Reach out to a colleague an informal chat about how things are going; Share experiences about the challenges they have faced working in the law…
Legal-aid bill assessment shake up in the UK paused by Ministry of Justice
The Ministry of Justice in the United Kingdom has shelved plans to stop legal-aid bills from being court assessed and bring them inhouse. Under the current system legal-aid practitioners can choose to have bills between £2,500 and £25,000 assessed by the courts or the Legal Aid Agency. Under the new scheme the Ministry of Justice wanted…
Updated UK national risk assessment of money laundering and terrorist financing
The UK Treasury has published an updated UK National Risk Assessment of Money Laundering and Terrorist Financing. This follows the previous update from October 2017 and sets out the key money laundering and terrorist financing risks for the UK, and how these have developed since the first publication in 2015. Specifically, chapter 10 documents the…