Latest news – Page 795
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News
Stock market jitters hit equity capital markets teams
A year of failed and suspended stock market listings has hit the fortunes of equity capital markets (ECM) teams across the City, senior corporate finance lawyers said this week. A far higher than average number of unfinished initial public offerings (IPOs) has dampened fee income, damaged ...
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Forced mediation 'may not serve interests of children'
Family solicitors have warned that government plans to divert private law disputes over children away from the courts and towards mediation may not lead to child-focused outcomes. One of the options being considered by the government’s family justice review is to make mediation compulsory in ...
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MoJ confirms quango cull
The Ministry of Justice has today confirmed that the Youth Justice Board and two court rules committees are among the legal quangos to be abolished as part of a drive to cut costs and ‘reinvigorate public trust’ in democracy. The bodies to be scrapped include: the ...
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New sentencing guidelines proposed for assault
The Sentencing Council has proposed changes to the guidance given to judges on sentencing people for assault. In a consultation paper published today, it proposes that those convicted of assault should be sentenced based on the harm caused to the victim and their culpability, rather than ...
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LSC announces contract start dates
The LSC has announced that all non-family legal aid contracts and family mediation contracts will start on 15 November 2010. It also announced that all current ‘family only’ and ‘family with housing’ contracts will be extended until 15 December 2010. The quashing order issued two weeks ago by the High ...
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College of Law supports Browne’s plans on higher education
The government must follow Lord Browne’s recommendation to remove the fee cap on higher education, the College of Law said today. Such a move is necessary to increase competition between higher education establishments, and remove the ‘dividing line’ between public and private tertiary education, the College ...
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Law Society issues warning over government cuts
The Law Society has warned that access to justice must be protected, ahead of the announcement of the government’s spending review next week. Law Society president Linda Lee said the government must commit to funding legal aid and warned against spending cuts that restrict access to ...
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Sadiq Khan named as shadow lord chancellor
Former human rights solicitor Sadiq Khan was today named shadow lord chancellor, as new Labour leader Ed Miliband assembled his first shadow cabinet. Khan, who was a partner at London human rights firm Christian Khan before standing as Labour candidate for Tooting in the 2005 general ...
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Lord Young declines meeting with profession’s regulator
Lord Young of Graffham turned down an offer to meet with the solicitors’ regulator in advance of his report on health and safety and the ‘compensation culture’, the Solicitors Regulation Authority has said. ...
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High Court defamation claims soar
The number of High Court defamation claims has risen to the highest level since the Woolf reforms, figures have shown. Defamation claims in the High Court rose to 298 last year, up 15% from 259 in 2008, according to an analysis of judicial statistics carried out ...
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Homeowners' policy could lower PII premiums
Insurance provider First Title has launched a homeowners' protection policy (HOPP) that it claims could lower professional indemnity insurance (PII) premiums for solicitors, if it becomes widely adopted by clients. First Title said that a similar product launched in Canada led to a 50% drop in ...
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House price fall could prove fillip for conveyancers
Conveyancing solicitors moved to calm concerns over a looming housing crash this week, and suggested that a fall in house prices could have a ‘silver lining’ for the profession. Last week, the Halifax reported a 3.6% decline in house prices in September, the biggest monthly fall ...
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SRA closes Burges Salmon investigation
South-west firm Burges Salmon will not face the Solicitors Disciplinary Tribunal following allegations that it gave inappropriate legal advice to farmers, a long-running investigation by the Solicitors Regulation Authority has decided. The SRA, which for two years considered allegations about advice given by Burges Salmon to ...
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Advice and legal expenses insurance
I read with interest the letter from Paul Asplin, the chief executive officer of DAS UK Group I agree with what Mr Asplin said concerning the judgment in Eschig not affecting the position of already-compliant legal expenses insurers.
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Footing the bill for chancel repairs
I cannot accept the picture Michael Hall paints of a ‘muddle’ arising from chancel repair liability. Any conveyancing solicitor who is instructed by a purchaser identifies and investigates matters affecting a property his client wants to buy, and reports to the client (and probably a ...
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QualitySolicitors steps up expansion with 50 new branches
Law firm franchise QualitySolicitors is to launch 50 new branches next month, the ...
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CMC sector and lacking value
I note the reply of Kally Sahota of Select Claims Ltd to my letter. He appears to seek to justify his existence as a business by reference to the regulatory regime under the stewardship of Kevin Rousell. I do not accept his premise.
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No support for cut-price conveyancers
I am sure all firms that undertake conveyancing will have had a fraught time with their professional indemnity insurance renewal this year, with most insurers refusing even to quote where property accounts for more than 50% of turnover. While going through my PI file, I ...
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Chancery Lane seeks family contracts extension
The Law Society has called on the Legal Services Commission to extend existing family contracts until April 2012, following Chancery Lane’s successful High Court challenge to the family tender process. However, some firms that did win family contracts through the tender process are now understood to ...
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Lord Young attacks personal injury ‘lottery’
The peer leading the government’s review of the ‘compensation culture’ said this week that he is ‘ashamed’ of some personal injury lawyers in respect of how they advertise their services. Addressing the Conservative Party conference, Lord Young of Graffham (pictured) claimed that some personal injury advertising ...