All News articles – Page 1372
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News
Trust in Baldrick
In its struggle for survival in the face of successive and impending legal aid cuts, Hackney Community Law Centre has some stalwart allies. It hosted a reception in the House of Lords last week to thank its supporters. Two of its patrons, Lord Low of Dalston and the MP for ...
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Society advice on SRA diversity data
The Law Society has published a practice note to help firms and sole practitioners comply with regulatory new requirements to collect data on the diversity of their workforce. Data to be reported include job status and role as well as age, gender, disability, ethnicity, religion ...
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SRA outlines ‘race bias’ action plan
The Solicitors Regulation Authority has reasserted its commitment to transparency in regulatory decision-making following allegations of discrimination against black and minority ethnic (BME) lawyers. Following talks with its External Implementation Group (EIG), which represents minority and BME practitioners, the regulator has drawn up a list ...
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Society plans accreditation scheme for will-writing
The Law Society is to launch a will-writing and probate accreditation scheme along the lines of its Conveyancing Quality Scheme, it emerged last week in a speech by the chief executive. The speech also contained calls for solicitors to exploit the potential of will banks ...
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Wills and probate company goes ABS
Birmingham wills and probate company Northwood Banks & Co has become the second company licensed as an alternative business structure (ABS) by the Council for Licensed Conveyancers (CLC). The firm, which since 1987 has provided will writing and probate services, has now been licensed to ...
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Barclays ‘faces $6bn in Libor scandal claims’
Barclays Bank Plc could face claims totalling $6bn globally following revelations that staff members were involved in the manipulation of the London inter-bank offered rate (Libor), the Gazette has learned.
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PC fee up 5%, Law Society council agrees
The Law Society council today approved a practising certificate fee increase of £16 for 2012/13. The fee for each solicitor will rise from £328 to £344. Individual Compensation Fund contributions rise from £60 to £92. The contribution for firms will increase from £722 to £1,340. ...
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Top-100 annual results show PEP up by 8%
The first batch of top-ranking law firms to publish annual financial results for 2011/12 have reported average growth in profit per equity partner (PEP) of 8% (see table below). However, this figure masks wide variations in trading performance which have also been complicated by merger activity.
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Solicitor shooting: man charged
A man appeared in court today charged with attempting to kill a Wiltshire solicitor. Michael Chudley, 62, from Rowde, Wiltshire, was also charged with threats to kill, possession of a firearm with intent to cause fear of violence and carrying a firearm with criminal intent. At ...
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Simmons and Ashurst report higher profits
Simmons & Simmons and Ashurst have today become the latest top-100 firms to post robust trading results.
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Merger mania continues as 22% of firms report tie-ups
Merger activity has remained strong among small and medium-sized firms, with nearly a quarter completing a merger in the past six months, research has revealed. The fifth in a series of six-monthly surveys of 50 law firms has shown that 22% had completed a merger in ...
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News
NHS reveals £1bn litigation bill
Spending by the NHS Litigation Authority on negligence claims has passed the £1bn mark for the first time. Annual accounts for the 2011/12 financial year show that £1.095bn was spent on clinical claims by NHS trusts, foundation trusts and primary care trusts in England. A further ...
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News
Man shot in solicitors’ office
A man is in a life-threatening condition after a shooting at a solicitors’ office in Wiltshire. The victim suffered serious head injuries after a single shot was fired at Morris, Goddard and Ward in Devizes on Monday afternoon, a police statement said. He was airlifted to ...
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Employment
Compensation - Unfair dismissal Konczak v BAE Systems (Operations) Ltd: Employment Appeal Tribunal: 3 May 2012 The Employment Appeal Tribunal allowed the employee's appeal against the employment tribunal's decision that ...
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High court slams means-test delays
The High Court has condemned the current system of means testing in magistrates’ court and called on the Ministry of Justice to take urgent action to cut ‘unacceptable’ delays. In a strongly worded judgment in relation to two European Arrest Warrant (EAW) cases, the president of ...
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Profits leap at Clifford Chance
Magic circle firm Clifford Chance says it has defied market uncertainty to post a ‘strong performance’ for the last financial year. The firm today said that its 2011/12 profits leaped by 13% to £431m while revenues rose by 7% to £1.3bn. Profit per equity partner was ...
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News
Challenging the speed of change
A challenge has been laid down for solicitors firms. Ajaz Ahmed, co-founder of the award-winning Legal365, outlined what he believes firms need to do to compete in the changing legal services market. Speaking at the recent LawTech Camp London he urged: 'Reduce complexity; don’t sell law - sell solutions to ...
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A lawyer should run Barclays
I think I have a solution to the crisis of confidence in our banks - starting with the current vacancy at Barclays, let us put lawyers at the helm of all the important ones. As what has gone awry in recent decades catches up with banks’ chief executives, do not ...
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A&O profits steady
More than 400 partners at Allen & Overy will earn at least £640,000 this year, the firm revealed as it kicked off the magic circle reporting season today. Allen & Overy’s results for the year ending 30 April show profits up by 7% to £486m on ...