All articles by John Hyde – Page 361
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News
SRA to shut 15 ARP firms
A total of 15 firms will be closed down after failing to find an escape route from the assigned risks pool. The firms will be shut after failing to secure professional indemnity insurance on the open market by the 1 April deadline, the Solicitors Regulation Authority ...
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News
LeO unveils complaints publication policy
The Legal Ombudsman is to publish the total number of complaints processed against law firms – but not the details of what they have done wrong. The consumer watchdog starts collating complaints from today, ready to publish them for the first time in July. ...
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Complaints publishing feels like a fudge
At what point does a compromise become a fudge? Without doubt, the Legal Ombudsman had a difficult task on its hands deciding how to publish details of complaints. The status quo of printing anonymised case studies was generally accepted to be counter-productive ...
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SRA ponders £250m fine limit for firms
The Solicitors Regulation Authority is looking to close a loophole that restricts its fining powers for firms other than alternative business structures. The Legal Services Act 2007 allows the SRA to fine ABSs up to £250m, compared with a limit of £2,000 for traditional law firms. ...
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Fraud fears over RTA portal fee cap
Claimant solicitors have reacted with concern to government proposals to cap at £300 the fee for low-value road traffic claims handled through the RTA portal. The proposal emerged at roundtable discussions on the future of the portal with justice minister Jonathan Djanogly (pictured) last Thursday. ...
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Firms ‘must diversify to survive’ urges City investor
A City investor in the legal profession has urged firms to diversify if they want to survive. Rob Terry, founder and chief executive of the Quindell Group, which moved to acquire Liverpool personal injury firm Silverbeck Rymer in January, said multi-disciplinary practices are the best ...
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Legal services outperform groceries at the Co-op
Legal services provided a better profit margin than traditional retailing activities at the Co-op last year. The group reported this morning that operating profits from its legal services rose by 15% during 2011, far outperforming the business as a whole. Co-operative Legal Services (CLS), which ...
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News
Political split on Welsh jurisdiction
Welsh secretary Cheryl Gillan (pictured) has said there is ‘no need’ for a distinct Welsh legal jurisdiction as the country begins a debate on separation from England. The Welsh government began a consultation this week on creating a new legal system. First minister Carwyn Jones is ...
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News
ABS trailblazers revealed
The Solicitors Regulation Authority today announced the identities of the first three alternative business structures. The Co-operative Legal Services, John Welch & Stammers and Lawbridge Solicitors are the first to have their applications approved. They can now provide reserved legal activities while owned and managed by ...
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News
ABS day: who?
So how was it for you? The announcement we’ve all been waiting for, the culmination of near-on a decade of debate and argument. The moment when the Solicitors Regulation Authority finally told us who the first alternative business structures (ABSs) will be. Drum roll please… Co-op, ...
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News
Supreme Court opens the way to thousands of employee asbestos claims
Campaigners were today celebrating a UK Supreme Court ruling that insurance policies cover asbestos-related disease even after employees have left their job. Insurance companies had sought to limit their obligations to indemnify employers against liabilities towards staff who contracted mesothelioma. In effect, ...
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News
‘Difficult’ year ahead for ABS hopeful
One of the UK’s leading legal expenses insurers has predicted a ‘difficult’ coming year despite an impending move into the legal profession. Abbey Protection today reported 2011 pre-tax profits of £10.1m - 5% up on the previous year. The company had expected by now to have ...
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News
Britons will suffer from Clarke’s opt-out, says Brussels
Brussels officials have reacted with surprise and sadness after the UK government formally opted out of a six-year European Commission justice programme. Justice minister Kenneth Clarke confirmed last week that the UK would not take part in the €803m scheme. Clarke admitted that charities and organisations ...
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Consultation opens on jurisdiction for Wales
A public debate begins today on whether Wales should be a separate legal jurisdiction. The Welsh government will ask the judiciary, lawyers and members of the public whether they want a jurisdiction along the lines of those found in Scotland and Northern Ireland. ...
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Jackson says one-third of his clinical negligence proposals at risk
The architect of the government’s civil justice reforms has admitted the ‘jury is still out’ on a third of his proposals for clinical negligence. Lord Justice Jackson said there had been little progress on three of the nine recommendations made when his report on costs was ...
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News
New York wants to wake up in a city without ABSs
New York state legal authorities have reaffirmed their resistance to non-lawyer ownership of firms. In a decision likely to affect international firms, New York Bar Association this week ruled that lawyers cannot practise in the state if their firm is owned by non-lawyers, even if the owners are overseas.
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News
Claims portal won’t cope with expansion, say solicitors
Solicitors have warned the government there is no way to fast-track employer and public liability claims through the existing low-value scheme. The Ministry of Justice met key stakeholders yesterday for discussions on the proposed expansion of the road traffic accident (RTA) portal scheme. ...
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News
Manchester PI firm goes under
National firm Irwin Mitchell has agreed a deal to take on the files of Manchester personal injury firm Donns which went into administration today. Some 50 staff members are thought to have been made redundant. Irwin Mitchell confirmed this afternoon that an arrangement had been made ...
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News
Claimant firms warned of wind of change
A leading insurance solicitor has urged claimant firms to follow the lead of defendants and change their business model. Anthony Hughes, chief executive of national firm Horwich Farrelly, told the 2012 Claims Management Conference yesterday that change is inevitable in the personal injury market. ...
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Firms must cut staff, warns RBS
Law firms may have to cut thousands more solicitors to restore profits to pre-2008 levels, according to Royal Bank of Scotland’s 2012 review of the legal profession. The report says that at least 5% of fee-earners may have to be culled.