The 5 biggest drawbacks of not using legal AI in your law firm
The legal industry is at a critical turning point. Digital transformation is no longer optional—it’s a necessity for staying competitive. According to a 2024 Trends Report1, 60% of law firms are planning to upgrade their digital systems, acknowledging that technology is essential for efficiency and profitability. Despite some hesitancy, the impact of AI in the […]
Membership body rejects proposed changes to client money
SME law firm membership body LawNet has defended the model of law firms holding client monies and says it believes there are no ‘credible alternatives’ to the client account model in its submission to the SRA consultation which closed at the end of February. Indeed the mutual goes as far as suggesting some of the […]
Solicitors fined over £47k for failing AML checks
Four law firms have been fined a combined total of £47,666 by the Solicitors Regulation Authority (SRA) for failures in complying with anti-money laundering (AML) regulations. The breaches, spanning several years, included inadequate risk assessments, failure to maintain proper policies, and lapses that could have facilitated illicit financial activities. The largest fine, £23,596, was imposed […]
