Latest news – Page 808
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Lending credibility
I write on behalf of the Council of Mortgage Lenders (CML) in response to the letter from Alan Tunkel published in the Gazette on 1 October.
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SIF amateurs
Paul Hemelryk, in calling for the restitution of the Solicitors Indemnity Fund, obviously did not have the experience that I did with SIF.
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Shoosmiths and HP in pro bono tie-in with Prince's Trust
National firm Shoosmiths and the in-house legal team at computer giant HP yesterday launched a new pro bono initiative with the Prince's Trust youth charity to provide legal advice to young business people in the Thames Valley. They will give free legal advice to 18-30-year-olds who ...
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‘Super-injunction’ not able to gag parliament, says Prentice
The Guardian newspaper and libel lawyers Carter-Ruck were wrong to conclude that a ‘super-injunction’ could prevent reporting on parliamentary proceedings, justice minister Bridget Prentice said yesterday.
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Land Registry slashes one in five jobs
The Land Registry, which lost £130m last year, announced plans to cut 1,500 jobs – more than one if five of its workforce – and shut five of its 17 offices. Offices in Peterborough, Portsmouth, Croydon, Stevenage and Tunbridge Wells will close and other changes will ...
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New legal aid rates for family advocacy
The Ministry of Justice today announced new fixed advocacy rates for family legal aid, which harmonise the fees paid to solicitors and barristers. The new structure follows a lengthy consultation process and will see hourly rates replaced with standard fees. Barristers and solicitors will be paid ...
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Law Society warning on unregulated will writers
Unregulated will writers are causing havoc among members of the public and in some cases are failing to provide people with valid wills, the Law Society claimed today. According to the Society, many solicitors specialising in will writing, trusts and probate have been handed invalid and ...
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‘Radical reform’ planned for assigned risks pool
The Solicitors Regulation Authority is soon to launch a consultation on ‘radical reform’ of the assigned risks pool, the Gazette can reveal. It is understood that proposals for consultation could include changes to the conditions for entry or even the demise of the pool. ...
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CPS consults on changes to prosecution code
The Crown Prosecution Service today launched a 12-week consultation on changes to the code for Crown prosecutors. The code sets out the principles that prosecutors must follow when deciding whether or not to prosecute an individual. The test set out in the code, and applied in ...
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Litigation funder lists on AIM
Litigation funder Burford Capital has raised £80m following a share placing on the London Stock Exchange’s alternative investment market (AIM). The placing means that Burford has become the second UK-listed third-party litigation funder, after Juridica Investments listed on AIM in December 2007 and raised £80m. Juridica ...
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Lost for words
A senior lecturer has called on lawyers to abandon complex expressions that are ‘more complicated than they need to be’ [see [2009] Gazette, 1 October, 1].
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SIF referendum
The solution to the professional indemnity insurance difficulties described by Jonathan Jacobs (see [2009] Letters, 24 September, 9) is to resurrect the Solicitors Indemnity Fund. The SIF regime may have had its faults but it was greatly preferable to what we have now.
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HIP overhaul
With a general election approaching, there is much talk about creating a genuinely sustainable alternative to home information packs (HIPs). Attention seems to be focusing on ‘building on HIPS’ and introducing a mandatory legal pack which, it is claimed, will bring about a faster and more certain homebuying process.
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Sole practitioner survivor
The extinction of the sole practitioner has been prophesied for so many years now that the prophets of doom should by now be feeling a little self-conscious. Your own pages have seen some wonderfully confident predictions of disaster in the recent tough round of PII renewals.
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Software glitch
The new lasting power of attorney forms have been made available by the Office of the Public Guardian. Unfortunately, they have specifically blocked the ability for the practitioner to save the document and thus be able to amend it after minor errors have been found.
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PII – the debate continues
I have a great idea. Lets go back to the Solicitors Indemnity Fund model. I recall a friend and council member at the time telling me that voting to go to the market and leave the SIF was like a turkey voting for Christmas. How right she was. I followed ...
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Desperate argument
Rhonwen Barraclough’s letter (8 October) complained about Lord Justice Jackson’s recent suggestion of increasing the small claims limit if a deal cannot be done on fixing legal costs in fast-track claims. Among the various reasons put forward as to why this was a bad thing, the most desperate was:
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US firm could reap benefits of UK reforms with Lovells tie-up
US firm Hogan & Hartson has remained quiet on whether it might use a tie-up with City firm Lovells to access external capital in the future, following reports this week of a merger between the two firms. The merger could potentially give Hogan & Hartson access ...
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Bank paybacks cement plant upgrades
Payback time: US firm Shearman & Sterling advised French bank Société Générale on a €4.8bn (£4.4bn) rights issue. The bank will use most of the proceeds to repay the €3.4bn (£3.1bn) of emergency funding given to it by the French state.
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UN to help developing nations negotiate with western projects lawyers
Lawyers in developing countries could be given help when negotiating investment deals with City project lawyers under a UN initiative to bolster their bargaining power when human rights are at stake.