News – Page 212
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News
Trainee retention rates rise at top City firms
The proportion of trainees winning places at top firms has increased this year to an average of 83%, figures for the September intake show. Magic circle firm Slaughter and May reported the highest retention rate, 90%, offering placements to 46 trainees. Rival Clifford Chance said 80% of its 60 trainees ...
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SRA intervenes after solicitor arrested
A solicitor from Cheshire has been suspended from practising after he was arrested on suspicion of fraud. The Solicitors Regulation Authority today intervened to prevent partner Andrew Taylor from practising at his firm in Cheadle. Police confirmed last week that they had arrested a 56-year-old man on suspicion of fraud ...
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Troubled Challinors owes £11.2m, draft statement of affairs reveals
Troubled Midlands firm Challinors owes more than £11.2m to unsecured creditors as it prepares to go into administration. The firm yesterday confirmed it has filed notice of its intention to appoint administrators and is in talks with insolvency practitioners KSA Group about the future of the business. A draft statement ...
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Cashflow outlook worsening, new LMS quarterly survey shows
Cashflow problems are worsening for law firms, according to results from the Law Society’s Law Management Section (LMS) financial benchmarking quarterly. The survey, the first results of which are to be published tomorrow, found that 40% of firms were experiencing more cashflow pressures than in the previous quarter. Firms' responses ...
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Future-proofing the LeO
Winter is closing in. Here in the Midlands we have been under the threat of deluge for weeks. The only thing more common than flood warnings are the German sausages being enthusiastically chomped down by visitors to Birmingham’s Christmas market. And, as is increasingly the case, many colleagues here at ...