Stay ahead of potential pitfalls with our comprehensive resources dedicated to Risk management in legal practice. Our expertly curated guidance highlights best practices, regulatory updates, and innovative strategies to mitigate risk and safeguard your practice. Equip yourself with the tools to identify, assess, and address risks efficiently, ensuring robust compliance and protecting your firm's reputation.
The Law Society of England and Wales has published a practice note on the use of artificial intelligence (AI) in legal practice. It confirms that...
The National Crime Agency (NCA), Financial Conduct Authority (FCA), HMRC, Home Office and HM Treasury have published nine 2026 economic crime system...
Spotlight on Corruption has published a briefing on the draft Money Laundering and Terrorist Financing (Amendment) Regulations 2026, SI 2026/621,...
The National Crime Agency (NCA) has published the UK Financial Intelligence Unit (UKFIU) Suspicious Activity Reports (SARs) Annual Report 2025–26...
What is a solicitor's undertaking?An undertaking is a commitment by a solicitor to do something. It can be enforced against the solicitor by the...
In what circumstances might a solicitor be able to contact another lawyer's client directly?The current SRA Standards and Regulations (STaR) are...
SRA Code of Conduct for individuals and firmsThis Practice Note provides guidance on the SRA Codes of Conduct, contained in the SRA Standards and...
Acting for yourself, friends and familyThis Practice Note covers considerations where a law firm wishes to act for one of its own partners or...
If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some point
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
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