The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
DISHONESTY among solicitors is on the up as they struggle to cope with growing debts, claims a Law Society report.
A progress report to the society's council on the campaign to crack down on fraud admits to only limited success since its launch two years ago.
Though it identifies evidence defaulters are being discovered earlier with lower "shortages" on accounts, the report warns of a likely growth "in the small number of those who seek the dishonest solution".
The paper cites reports from the SCB and the Professional Ethics Unit that many firms face financial difficulty. It adds 422 firms contacted the Professional Ethics Unit last year with financial problems.
"Most dishonest solicitors leave the straight and narrow because of their wish to solve financial problems caused by a deficit in the relationship between the cost of their lifestyle and the income of their business," the paper warns. "The first stage in this process is often the theft of a 'temporary loan' from the client account."
At the council meeting last week, adjudication and appeals committee chair Chris Heaps said he regretted Compensation Fund contributions were being frozen and not reduced this year. But he expressed "cautious optimism" that the position would improve soon.