All articles by John Hyde – Page 327
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News
Burden of proof on firms after fee ban
Personal injury firms will be expected to retain records and management information from next Monday to prove that payments for cases do not fall within the referral fee ban. Definitive rules for the ban will be published when the SRA Handbook is changed to coincide with ...
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News
Quindell adds a software company to its portfolio
Fast-expanding alternative business structure Quindell Portfolio today announced the acquisition of a supplier of a case-management system. Quindell, which over the past year has acquired three law firms, announced the takeover of iSaaS Technology Ltd to the AIM stock exchange this morning. The company markets ...
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Judge criticises ‘desultory’ training in run-up to 1 April
A senior member of the judiciary has become the first judge to criticise in public the level of training given ahead of the Jackson reforms coming into force. Senior master Steven Whitaker (pictured), who is also the Queen’s remembrancer at the Royal Courts of Justice, said ...
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Prepare for the worst, SRA tells struggling firms
The Solicitors Regulation Authority has urged struggling firms to establish a contingency plan for insolvency, as the cost to the profession of interventions increases. The regulator has committed £2.2m to interventions in failed law firms in the first quarter of 2013 – almost £1m more than ...
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Edmonds: single legal regulator ‘possible within three years’
Legal Services Board chairman David Edmonds said today that a single rolled-up regulator for solicitors and barristers could be created within three years. Edmonds (pictured) told the House of Commons justice committee that the current framework of multiple regulators for different areas of the legal profession ...
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Poll predicts cull of north-west firms
Almost a fifth of law firm managing partners in north-west England are considering closing down their firm, according to a survey published today. The poll of 300 firm leaders by Liverpool firm O’Connors found the vast majority of respondents believed that planned changes to civil ...
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News
Insurers turn guns on compensation payments
The insurance industry’s campaign for cutting the cost of personal injury claims will not end with the banning of referral fees and the reduction of lawyers’ fixed fees in RTA Portal cases, a leading figure in the insurance industry has indicated. James Dalton, head of ...
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News
Cold-calling prosecutions planned
The Information Commissioner’s Office (ICO) is ready to prosecute up to a dozen more companies who carry out cold-calling and send spam text messages. This week the ICO fined a second company for unlawful marketing techniques to attract personal injury and payment protection insurance claimants. ...
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Grayling flies flag for City law firms
Justice secretary Chris Grayling has announced a renewed drive to export the UK’s legal services as City firms fight to maintain healthy profit margins. Grayling used a speech last week to stress that London was as much as a legal centre as a financial one and ...
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News
Society calls for tribunal fines to fund regulation
The Law Society has proposed that fines imposed at the Solicitors Disciplinary Tribunal be used to fund regulation of the legal profession. Last week the Gazette revealed that almost half of the solicitors fined by the tribunal in recent years had avoided paying those fines in ...
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Budget fallout: running into a brick wall
Watching the fallout from every budget is like being transported into the Truman Show. Everyone says the same thing, moves in the same direction and ends up just where they started. Perhaps George Osborne’s tortured economic recovery will end, like Truman, running into a brick wall ...
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Strike disrupts courts service as another walkout is planned
Thousands of court workers across England and Wales today walked out on strike as the union began a three-month programme of action. Members of the Public and Commercial Services Union took industrial action to mark budget day after talks broke down over cuts to pay, pensions, ...
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News
Fast-track for ‘lower-risk’ ABS applications
The Solicitors Regulation Authority has announced it will fast-track lower-risk applications for an alternative business structure licence. The authority has responded to criticism that the authorisation process takes too long with new guidance and a fresh approach to existing law firms. The ...
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Osborne imposes further £142m of cuts on MoJ
Chancellor George Osborne today imposed a further £142m of cuts on the Ministry of Justice, which will have to be implemented before the 2015 general election. The MoJ is one of the government departments required by Osborne’s budget to reduce its spending by 1% for the ...
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MPs set to shed light on whiplash
MPs will answer whether the government is right to describe the UK as the ‘whiplash capital of the world’ in a definitive report on motor claims. The Commons Transport Select Committee today outlined the terms of reference for its inquiry into whiplash and called for evidence ...
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News
Mid Staffs negligence ‘explosion’ predicted
NHS hospitals must brace themselves for an ‘explosion’ in medical negligence claims in the aftermath of the report into the Mid Staffordshire scandal, a leading lawyer in the sector has said. Tim Gorman, partner at clinical negligence firm Axiclaim, said last month’s publication of the Francis ...
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Independent review of ‘pre-pack’ deals
The government has announced an independent review of the controversial insolvency vehicle through which DWF recently acquired the collapsed Cobbetts while leaving creditors likely to recoup little or nothing of what they are owed. The Department for Business, Innovation and Skills said the review into ...
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News
Financial crisis will cost everyone in the end
Journalists are far too willing to bandy the term ‘crisis’ around, using it to label everything from a few cancelled trains to an Arsenal defeat. But how else to describe the impending financial troubles about to hit the legal profession? I say profession quite deliberately. So ...
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Society unveils consulting service
The Law Society today unveiled a new consulting service for members to support work to meet their regulatory requirements. The service aims to provide clarity and reassurance to law firms and in particular to offer guidance to newly-appointed compliance officers. ...
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News
SRA commits millions to interventions
The Solicitors Regulation Authority has already used 10% of its entire annual budget intervening in failed firms in 2013, the organisation revealed today.