Wake Up Call: UK Solicitors Authority Issues Mergers Warning

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• The UK Solicitors Regulation Authority has issued an advisory to firms engaged in mergers and acquisitions, reminding managers of both the acquiring and acquired firms to strictly adhere to regulatory standards during the merger process. The warning follows several post-merger failures, such as Metamorph, which rapidly acquired several firms, and was eventually closed by the SRA. (Legal Futures)
• Legal firms in Asia are grappling with how to use artificial intelligence as firms based in the U.S. ...