All Law Gazette articles in Archive – Page 1286
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Law firms face hefty fines for data losses
Law firms could face a £500,000 fine if they lose unencrypted laptops or data sticks containing personal information, under new proposals. A government consultation sets out new powers for the information commissioner to levy hefty fines on organisations that breach the Data Protection Act 1998. ...
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Justice comes at a price, you know
The Ministry of Justice, legal aid minister Lord Bach in particular, have made much over recent months of the importance of ensuring that vulnerable people affected by the recession have access to the legal advice and assistance they require.
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Legal Services Board issues proposals on ABS regulation
The Legal Services Board has published a consultation paper outlining the core principles it expects all licensing authorities (LAs) to use in regulating alternative business structures, as it moves towards the next stage in liberalising the delivery of legal services. The paper proposes removing restrictions that ...
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The DNA of a good rainmaker, and does gender count? (Part two)
In my last blog I looked at ‘amount of time spent’ – the first of several attributes of a good rainmaker as identified in The Women Attorneys and Business Development Study.
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Professional indemnity costs rise by £15m
Solicitors paid £15m more to insurers for professional indemnity insurance this year, Solicitors Regulation Authority figures have revealed. The cost of insuring the profession rose from £226m in the 2008/09 indemnity year, to £241m in 2009/10, a rise of 7%. Between them, ...
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Europe's notaries need to modernise and abandon their pompous ceremonies
by Gill Mather, a sole practitioner based in Colchester, Essex I heartily agree with Jonathan Goldsmith’s Euro blog ‘Notaries in revolt’ that much of what notaries do is ceremonial, unnecessary and ludicrously expensive.
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ABI to introduce new voluntary code on third-party capture
The Association of British Insurers is to introduce a voluntary code of conduct on third-party capture early next year in an effort to appease critics of the controversial practice, it emerged last week. However, claimant lawyers have dismissed the initiative as a tactic to allow insurers ...
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Fee abomination
The payment of referral fees is an abomination which is destroying our profession. I am so pleased the Law Society’s Council has decided to call for their abolition.
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Stock Exchange activity, WHSmith expansion and new fire stations
Sovereign wealth: Magic circle firm Allen & Overy advised a number of underwriters on issuing the government of Dubai’s inaugural sukuk, worth around $2bn (£1.2bn) in total this year. It is believed to be the largest sovereign sukuk ever issued. City firm Taylor ...
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The best advice on how to prepare for a legal services revolution
As firms begin to emerge from the recession in 2010, they may feel they want to get their breath back before tackling the next challenges that face them. But as any law firm consultant will tell you, now is the time to get lean, efficient and in shape to deal ...
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Solicitors issue advice warning over child neglect cases
Solicitors representing children in cases of chronic neglect are being obliged to act without the advice of a guardian or social worker, lawyers warned this week. A shortage of guardians at the Children and Family Courts Advisory Service has led to courts directing solicitors to appoint ...
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Conservatives pledge to apply brakes to alternative business structures
A Conservative government would seek to slow down the introduction of alternative business structures, shadow justice minister Henry Bellingham revealed last week. Describing ABSs as ‘one more assault on the high-street solicitor’, Bellingham (pictured) predicted that big names would enter the market and cherry-pick the more ...
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Amending the Code by the back door
As your readers will be well aware, practising solicitors are currently bound by a Code of Conduct which runs to more than 200 pages. The code is being regularly amended, often making it very difficult for solicitors to know what regulatory rules they have to obey on any given occasion.
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Demonstrating little benefit: the assigned risks pool is draining resources
This autumn has seen by far the most difficult professional indemnity insurance renewal for many years. The number of firms in the assigned risks pool (ARP) – the system under which solicitors who have been unable to obtain insurance on the open market are given temporary ...
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SRA moves to scrap assigned risks pool
The Solicitors Regulation Authority will recommend abolishing the assigned risks pool in a consultation to be launched today. The regulator also wants to make it easier for struggling law firms to be taken over rather than shut down.
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Government: local authority mutual insurance companies
Pity really, everyone was having such a wonderful time. It was, as the saying goes, a swell party and one designed to save lots of money. But then, all of a sudden, there was a raid: the front door was kicked in, the music stopped and everyone had to go ...
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Top City firms look to banks to cover further redundancy payouts
Top City firms are preparing for a possible second wave of job cuts by making sure they have secured adequate lines of credit from banks to cover further redundancy payouts, according to one of the sector’s major lenders. Meanwhile, mid-tier law firms are being squeezed ...
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Bar Standards Board opens door to joint practices
Barristers and solicitors will be able to go into practice together as a first step on the post-Clementi road, following a historic meeting of the Bar Standards Board last night. The board met to consider recommendations from its working group on alternative business structures to determine ...
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Whistleblowing proposals could give ‘improper bargaining power’ to claimants
Government proposals on whistleblowing could give ‘improper bargaining power’ to claimants and allow serious allegations to escape investigation, employment lawyers have warned. Under proposals contained in a Department for Business Innovation & Skills consultation, whistleblowing claimants would be able to decide whether the employment tribunal should ...
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Solicitors blamed for delays in conveyancing process
Homebuyers and sellers have blamed solicitors more than estate agents for delays during the conveyancing process, according to research published by the Office of Fair Trading. The consumer watchdog published four reports undertaken as part of its market study into home buying and selling. One showed ...