Latest news – Page 833
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Solicitors launch national brand with bean protest
Law firms appeared outside the Royal Courts of Justice today to stage a symbolic demonstration against the prospect of supermarkets and banks running legal services. To mark the launch of a new brand name QualitySolicitors.com, law firm members handed out cans of beans labelled: ‘Legal services by supermarkets is as ...
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City watchdog ‘not yet ready’ to debate regulation of mortgages
City watchdog the Financial Services Authority is not yet ready to even begin the debate on regulation of the mortgage market, let alone offer recommendations, its chairman Adair Turner admitted today. Speaking at the FSA’s mortgage conference, Lord Turner said that the FSA’s detailed analysis of ...
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Solicitors favour sharp rise in employment tribunal claim limit
More than two-thirds of solicitors are in favour of scrapping the present £25,000 cap for breach of contract claims in employment tribunals, research by the Law Society suggests. The web survey found that 61 (70%) of 87 respondents thought the £25,000 cap should not be retained, ...
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SOCA ‘motoring’ on money laundering prevention
A solicitor figured among 67 criminals charged with money laundering following investigations by the Serious Organised Crime Agency last year, according to the agency’s annual report, published today. Stuart Creggy, former magistrate and senior partner at Mayfair law firm Talbot Creggy, pleaded guilty to a charge ...
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Hundreds of Colombian lawyers murdered but no one prosecuted, report reveals
More than 400 Colombian lawyers have been murdered since 1991 but no one has been prosecuted for a single killing, a devastating report from 42 British lawyers who visited Colombia last year has revealed.
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Kenny says LSB will transform the market
Chris Kenny (pictured), chief executive of the Legal Services Board, last week vowed to transform the legal services market, promising to promote competition and – as early as mid-2011 – license the first alternative business structures.
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Solicitors debate referral fees
Solicitors are ‘crap at marketing’ and need claims management companies (CMCs) to fill the gap, a delegate told the APIL conference. A debate, ‘Referral fees and advertising – is it too late to put the genie back in the bottle?’, chaired by TV presenter John Stapleton (pictured), aroused strong passions.
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HMRC enforcement head announces crackdown on tax havens
Drafters of tax avoidance schemes face greater scrutiny over the coming months as HM Revenue & Customs moves to close loopholes and bolster its disclosure regime, according to the head of the Revenue’s anti-tax avoidance group. Chris Tailby, a barrister who has directed the Revenue’s anti-avoidance ...
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Auditors seek cap on insolvency liability
The ‘big four’ accountancy firms are to lobby the government to further limit their liability as auditors in the event of corporate collapse, despite lawyers’ concerns that client companies would be ill-advised to agree to such a step. A spokeswoman for the Institute of Chartered ...
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Acquisitions, property development and dimond shares
Power stakes: City firm Herbert Smith advised Chinese power producer Huaneng Power International on acquiring a 55% stake in YangLiuQing Co-generation and a 41% stake in Beijing Co-generation from Huaneng International Power Development Corporation. The stakes are worth RMB2.35bn (£237m) combined.
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Minister questions legal aid priorities at 60th anniversary debate
Legal aid has ‘failed the very people it was set up to protect’ the minister in charge, told a debate hosted by the Law Society this week to mark the 60th anniversary of the Legal Aid Act. In the discussion, chaired by the Guardian’s Polly Toynbee, ...
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More City firms wield the axe
Two big City firms have today announced another raft of redundancies, with a combined total of up to 50 lawyers and up to 115 support staff facing the axe. Berwin Leighton Paisner will cut up to 30 lawyers and up to 55 support staff, while CMS ...
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Land Registry overhauls registration procedure
The Land Registry is to apply a new ‘early completion’ practice from 3 August, to ensure that registration applications are completed as quickly as possible. The practice will apply to all situations where an application for a discharge of whole has been received with another ...
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Hunt to recommend pre-emptive role for the SRA
The review of legal regulation commissioned by the Law Society is likely to recommend that the Solicitors Regulation Authority carry out more pre-emptive and advisory visits to firms, especially those deemed to be ‘at risk’, its author has revealed. Lord Hunt of Wirral , the man ...
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Law Society complains over judge’s remarks on solicitor-advocates
The Law Society has made an official complaint over what it says were ‘inappropriate comments’ by a Crown court judge about the alleged incompetence of three solicitor-advocates. Chancery Lane has written to Mr Justice Calvert-Smith, the presiding judge of the south-eastern circuit, about remarks made by ...
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50% tax rise will raise £150M from City partners alone
Equity partners at the UK’s 10 biggest law firms will each pay on average £100,000 extra a year to help bail the government out of deficit, Gazette research suggests. Chancellor Alistair Darling’s new 50% income tax bracket, which comes in to force in April 2010, will raise £150m from City ...
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Solicitors and estate agents condemn missed opportunity from budget
Last week’s Budget was a missed opportunity to rescue the housing market and will have no impact on property buying and selling trends, according to the National Association of Estate Agents (NAEA). The association said that the chancellor had ignored proposals to abolish or reform ...
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MoJ delays implementation of new accident claims processing regime
The Ministry of Justice has conceded defeat over its timetable for introducing a new claims process for road traffic cases, as the Gazette predicted last week (see [2009] Gazette, 23 April, 3). A letter sent to stakeholders this week says it now hopes to have the ...
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Which? enters online wills market
Which? Legal Service is entering the wills market in a tie-up with law firm Blake Lapthorn. The service uses an online questionnaire which takes customers through 1,500 questions tailored to individual needs. Once the questionnaire is completed, a solicitor at ...
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Society survey will reveal salary inequalities
An in-depth investigation into solicitors’ salaries will reveal ‘significant inequalities’ between white members of the profession and those from black and minority ethnic (BME) groups. The warning came from Law Society president Paul Marsh (pictured) at the Minority Lawyers’ Conference at Chancery Lane on Saturday. ...