Consumers will be offered a more restricted choice of asset managers in future because the 'vast and growing' legal and compliance costs are restricting growth in the sector, according to the New City Initiative think tank.
The number of High Court cases brought against UK law firms has risen from 143 to 418 during 2013/14 - probably reflecting a rush to meet the six-year time limit on losses incurred in the 2008 financial crisis.
Four UK law firms have recently lost £2m between them to scammers who tricked them into disclosing bank security data over the phone.
The most senior judge in the UK civil courts has warned that miscarriages of justice must be occurring because of cuts in state funding.
Speculation is starting to mount about the auction expected early next year for broadcasting rights to Premier League football - and legal specialists are also making their predictions.
DWF, a national UK law firm which has seen 456% growth in the last nine years, has reappointed its managing partner for a fourth term - which will mean he leads the practice for 12 years.
Akin Gump Strauss Hauer & Feld is to begin its first training scheme outside of its home base by setting up a programme in its London office.
EY has followed PwC and KPMG in getting an Alternative Business Structure (ABS) license, enabling it to offer legal services in England and Wales.
Commercial litigation partner Antonio Suarez-Martinez, co-chair of the firm's pro bono committee, is joining the stream of lawyers leaving the London office.
Leading law reform and human rights charity JUSTICE has launched a series of events with leading figures in the arts to discuss the rule of law today. Next Thursday's event features author Robert Harris at Lincoln's Inn.
Nearly 60% of solicitors find it difficult to 'do the right thing', according to a survey of 1,000 people carried out by Birmingham University's Jubilee Centre for Character and Virtues.
Many senior lawyers are so disillusioned with the state of the UK legal profession that they are planning to stand down in the next few years.
The Association of Chief Police Officers in the UK is highlighting the role that lawyers can play in detecting terrorist plots in its terrorism awareness week.
Paul Vickers, who led the newspaper group's response to the phone-hacking scandal, will leave the company as part of a restructuring.
As several law firms consider taking action against supermarket chain Tesco, the UK-based litigation-only law firm Stewarts Law has announced its decision to go ahead on behalf of 300 investors.
The 800-lawyer firm King & Spalding has recruited two partners to its London office to anchor a European capital markets practice.
Regulators in London have levied fines three times higher than last year.
A BBC programme will tonight examine controversial treatment of indebted customers by UK bank RBS and could also look at the role of Clifford Chance which found no evidence of wrong-doing when it was commissioned to investigate.
The Big Four accountancy giant has set up a 20-strong team to work alongside law firms in the private prosecution of fraud cases for businesses.
The liquidators for Scottish football club Rangers have confirmed a payment from lawyers Collyer Bristow of fees they were paid after the controversial 2011 take-over of the club.