Recent statistics have revealed that the legal sector has defied predictions of a slowdown. Data from the Office for National Statistics has revealed that turnover for the legal sector for July was £3.7bn, an 8.3% increase from July 2021 (£3.4bn) and a 2.2% increase...
Recent sector research has found that the biggest challenge facing in-house legal teams is managing risk whilst prioritising large volumes of work. It is important to note that this was a global survey formed of 169 legal, risk and compliance professionals. Over 20%...
Towards the end of 2021 the SRA announced that they were proposing an increase in fining powers from £2,000 to £25,000. In addition, the regulator announced the development of a new fast track system for ‘fixed penalties’ for low-level offenses. It was recently...
What is Legal Data? Legal data is information classified as regarding law and is generated from multiple formats including time recording, knowledge banks, spreadsheets, legal documents, billing systems and more. This data is used in all areas of practice law. It is...
From this Autumn rules are changing which should make it easier for charities to access money donated in a fundraising campaign that did not reach or exceed its planned target. The Charities Act 2022 received royal assent in February and a plan has now been...
A recent report has found that the number of small charities merging is on the rise. The annual Good Merger Index published by Eastside Primetimers showed that between 1 May 2020 and 30 April 2021, 77 mergers took place which involved 166 charitable organisations....
It’s no secret that many sectors are facing severe wage inflation with many locked in ongoing battles to retain their best staff. Indeed, as the economy begins to open up as Omicron-related restrictions are eased, many legal firms in particular are facing a backlog of...
The SRA has proposed to end the provision of post-six-year run-off cover because they judge the protection as disproportionately expensive. Run-off cover is insurance for claims made against a law firm after it has stopped doing business. This change would mean that...
The SRA is proposing a major increase in their fining powers and has developed a new fast track system for ‘fixed penalties’ for low-level offenses. The SRA has begun a consultation on increasing the maximum fine they can issue to law firms from £2,000 to £25,000. In...
According to a recent survey, 34% of British people commented that the pandemic has resulted in them being more generous to charities. In its Generosity and Giving 2021 report, Paypal surveyed 2,000 respondents. The survey found that the pandemic increased people’s...
Figures from the UK Civil Society Almanac 2021 show that the UK voluntary sector workforce has increased by 20% over the past decade. In addition, the report showed that income for the voluntary sector hit record levels in the 2018/19 financial year. The statistics...
Charity retailers can now access up to an additional £9m in grant funding if certain criteria are met. This is due to the government lifting the allowance limits previously capped by an outdated EU ruling. The Charity Retail Association and Charity Tax Group had...