Marialuisa Taddia

The government has not set a deadline for reversing a controversial ruling that has disrupted the litigation-funding sector, but has indicated it could go further as it praised the industry's "critical role" in supporting the U.K.'s status as a global hub for commercial litigation and arbitration.

The government has not set a deadline for reversing a controversial ruling that has disrupted the litigation-funding sector, but has indicated it could go further as it praised the industry's "critical role" in supporting the U.K.'s status as a global hub for commercial litigation and arbitration.

Simmons & Simmons LLP said Tuesday that it has separated its financial markets group into two divisions, citing the "significant" growth of the practice and the firm's continued expansion of its international offering.

The outgoing chief executive of the solicitors' watchdog has described the qualifying exam for the profession as his "lasting legacy" as he prepares to step down on Friday after nearly 12 years leading the legal regulator.

The solicitors' watchdog has warned the profession that it might take "a far more intrusive" approach to regulation after the Legal Services Board penalized it over the collapses of Axiom Ince and SSB Group.

The solicitors' watchdog promised Tuesday to publish more guidance for lawyers after a ruling on who can litigate fee disputes for law firms, as its chief said the decision didn't change the law but called into question how "diluted" litigation outfits might have become.

The chief executive of the Solicitors Regulation Authority said Tuesday that the cost of regulation would decrease considerably if solicitors and their firms were no longer allowed to hold client money, as he prepares to step down after nearly 12 years at the helm.

Swedish legal AI provider Legora has signed its first Italian law firm, marking another step in its expansion across the emerging transatlantic legal AI market.

Litigation funder Therium said Monday it has relaunched as an independent advisory business for claimants and law firms seeking litigation finance, amid growing private credit interest in the legal sector.

Litigation funder Therium said Monday it has relaunched as an independent advisory business for claimants and law firms seeking litigation finance, amid growing private credit interest in the legal sector.