Advantage365 News

Latest News for Law Firms 

Stick or Twist

4 December 2020

Law firms will struggle to stay in business without modern tech capability and interactive client resources. But too many are running on ancient systems

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Lawyers set to make £46m from sale to private equity buyer

3 December 2020

Two lawyers at the head of a listed PI and credit hire business stand to make around £46m after selling a stake in the company to an asset management firm.

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Client Money: Your Responsibilities and The Risk That Can’t Be Ignored

3 December 2020

It is well known that under the Solicitors’ Accounts Rules, all firms have a regulatory obligation to ensure the protection of all monies that they hold on behalf of their clients.

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Electronic Verification: Effective And Efficient AML Process

2 December 2020

The benefits of electronic verification and the ways legal technology can protect law firms and their clients.

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Conveyancers to be ‘more’ vigilant states 2020-21 SRA Risk Outlook

1 December 2020

The latest Solicitors Regulation Authority (SRA) Risk Outlook 2020-21 gives a stark reminder to the conveyancing industry that they are most at risk to be targeted by money launderers.

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Three Ways Law Firms Can Use Artificial Intelligence

30 November 2020

Artificial intelligence (AI) has come to market and is impacting industries across the spectrum. While the legal industry hasn’t been the first to embrace AI, it has a lot of potential to benefit from this technology. Law firms that are embracing this powerful technology are working more productively and spending less time on monotonous tasks.

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What Does Solicitors Professional Indemnity Insurance Actually Cover?

30 November 2020

Solicitors’ Professional Indemnity Insurance (PII) will cover you if claims are made against you by your client, or a third party, arising from the legal services you have provided. These allegations could include negligence, breach of trust or defamation.

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Improving Efficiency: Finding The Best Legal Tech Solutions

28 November 2020

Improving efficiency is an ever-important but never-ending aspect of maintaining and growing any business, including law firms. Having a finger on the pulse of technological advancement keeps a firm “in the know” of applications that can make their jobs easier, reduce overhead, and make their clients happier.

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The Future of Lawyers: Legal Tech, AI, Big Data And Online Courts

28 November 2020

In the future, is it conceivable that a firm would be charged with legal malpractice if they didn’t use artificial intelligence (AI)? It certainly is. Today, artificial intelligence offers a solution to solve or at least make the access-to-justice issue better and completely transform our traditional legal system. Here’s what you need to know about how AI, big data, and online courts will change the legal system.

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Making Advanced Technology Work for Lawyers

28 November 2020

In legal research, the challenge is finding the right balance between a user’s desire to control the experience and the use of advanced technologies that deliver important data insights.

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The Best Legal Technology Products for Law Firms

28 November 2020

In this Legal Technology trilogy we will take you from the very basics of legal tech, passing through the best performing legal technology products by practice area, to a case study of one of our most successful legal products and how it’s helping our clients grow their practice.

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What are the top LawTech trends

28 November 2020

In the coming years, corporate legal departments are aiming to increase productivity by reducing response time and improving the allocation of human resources and technology.

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25+ Legal Tech and Business of Law Predictions

27 November 2020

Predictions are an educated guess – equal parts reflection, intuition, experience, and aspiration. The end of the year presents an opportunity to look back on what has happened and make predictions as to what will happen next.

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Minimising The Pain Of March Renewal

24 November 2020

The last PII renewal season on 1st October saw significant premium rate increases - 35% to 50% was not uncommon.

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PII: Now is the time to act for spring renewals

23 November 2020

In August, the Law Society urged law firms to act urgently to renew their professional indemnity insurance (PII) in time for the October deadline, as a hard market for insurance, together with uncertainty around the pandemic, lockdown, and Brexit negotiations, would make it harder for the profession to find cover.

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Digital Identity Group – Digital Identity Trust Framework for homes sales sector, releases project overview

20 November 2020

Following on from the hugely success Digital Identity Group meeting in October, the project has released details of its plans to build a Digital Identity Trust Framework for the property sector.

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New master of the rolls promises civil justice shake-up

20 November 2020

Sir Geoffrey Vos: Profession ‘needs to be ambitious in terms of digitalisation if it is to retain and enhance its status’

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Actionstep: Digital Case Management

19 November 2020

In a world that is constantly changing and evolving, law practices need to adapt. Working from home and workplace flexibility is becoming the new normal.

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The lawyer’s dilemma: challenges for law firms adopting legal tech

17 November 2020

Daniel is an experienced Banking Lawyer with an MSc in Innovation Management and Entrepreneurship from The University of Manchester. He participated as a researcher of The Manchester Law and Technology Initiative and worked in Bancolombia as In-house Counsel and Innovation Champion.

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Reminder: Cancellation of requisitions from 16 November

17 November 2020

HM Land Registry have reminded conveyancers that it will resume cancelling applications with outstanding requests for information (requisitions) from 16 November 2020.

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