News – Page 15
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In-house lawyers should time-record to show value – ex-FA GC
Former legal chief at the Football Association acknowledges suggestion is controversial.
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City watchdog urged to exempt legal from new accountability regime
Senior managers regime could erode legal professional privilege and put lawyers in a conflict-of-interest situation, Law Society warns.
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FTSE-100 sets aside billions more for legal bills
Banks and financial services firms hold the biggest share of legal liability provision.
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£400m government panel opens to bids
Crown Commercial Service has issued an invitation to tender for general legal services.
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IBA 2016: call for action over 'long arm' of US law
US's attitude to extra-territorial jurisdiction criticised in Washington.
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City hires boost competition watchdog
The Competetition and Markets Authority has hired legal directors from Freshfields and Hogan Lovells.
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HM Treasury consults on ‘fit and proper persons test’ for lawyers
Requirements of new EU money laundering directive must be transposed into UK law by June 2017.
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NotW’s former legal chief found in contempt for misleading MPs
Tom Crone misled parliament over his knowledge of evidence of those involved in phone hacking.
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NHSLA tests in-house working to cut £120m defence costs
In-house litigation team was established earlier this year and is running as a 12-month pilot.
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Kent legal chief aims high with new ABS
Geoff Wild says new company, wholly owned by Kent County Council, is hoping for SRA approval by November.
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Excellence Awards – shortlist published
Law Society unveils solicitors and firms in running to be hailed as ‘brightest and best’ for 2016.
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In-house warned on slavery statement
Big companies slow to comply with transparency requirements of Modern Slavery Act.
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Pro bono hours dip but in-house contribution rises
Just over one in four fee-earners in England and Wales does at least ten hours pro bono – down from one in three last year.
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GCs ‘unbundle’ to improve efficiency
General counsel are starting to ‘unbundle’ legal work in a bid to improve efficiency, though some remain cautious, research from Ashurst shows.
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Losing litigants stashing billions in offshore funds, say lawyers
Vast majority of private practice lawyers say their clients are not paid the full sum awarded.
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Labour party should appoint a GC, Chakrabarti says
Former Liberty director, who led an inquiry into racism, also recommends the creation of a legal panel.
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Senior in-house pay rises by £8k - but bonuses shrink
Research suggests average basic salaries are £126,100 but bonuses have shrunk.
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Pay curbs hinder Whitehall lawyer hires
A ‘significant’ proportion of the £105m spent annually on external law firms is not being channelled through the government’s legal services framework.
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Privilege concerns over in-house accountability change
City regulator expected to announce whether ‘senior managers regime’ should include legal chiefs.
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In-house slow to embrace new CPD regime
SRA’s ‘continuing competence’ approach will become mandatory from 1 November.