All articles by Rachel Rothwell – Page 31
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News
Staff cuts bolstering revenues in mid-tier corporate firms
The ‘pressure is still on’ mid-tier corporate firms, research by accountants PricewaterhouseCoopers has shown, despite strong revenue figures for the last quarter. The latest figures from PwC’s quarterly law firm benchmarking survey indicate that, although revenues held up well during the traditionally quiet period to ...
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News
Firms enter into ‘gentlemen’s agreements’ with investors
Law firms are entering into ‘gentlemen’s agreements’ with investors in anticipation of the rule changes that will allow them to sell equity stakes in their businesses from October 2011, a leading consultant told the Gazette this week. Giles Murphy (pictured), head of assurance and business services ...
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Recruitment freezes in local government
Local government legal departments are instigating recruitment freezes ahead of public sector budget cuts, while there has been a surge in demand for legal aid lawyers in immigration, family and criminal work and an upturn in corporate law hires. Colin Loth, manager of the legal teams ...
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News
Lawyers work ‘extreme’ overtime, study reveals
Lawyers are among the most likely workers to do ‘extreme’ unpaid overtime, figures have revealed. Research by the Trades Union Congress found that 18% of legal professionals did more than 10 hours of unpaid overtime a week. The study found that ...
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News
Solicitors ‘key’ to increasing judicial diversity
Persuading more solicitors to apply for judicial posts is ‘absolutely key’ to increasing diversity in the judiciary, the chairwoman of the Advisory Panel on Judicial Diversity told the Gazette this week, as the panel published a raft of recommendations aimed at improving diversity on the bench. ...
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News
SRA approves sweeping changes to practising fee charging regime
The Solicitors Regulation Authority has this week approved sweeping changes to the way the practising certificate (PC) is charged, which will come into force this October. The SRA board has pressed ahead with a new charging regime that will shift more of the PC fee burden ...
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News
Injured person ‘forgotten’, says APIL
The personal injury claims process has lost sight of the injured person, the president of the Association of Personal Injury Lawyers has said. Speaking at the APIL president’s lunch, John McQuater said a good claims system needed to strike ‘the right balance’ for injured people and ...
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News
Solicitors should report insolvency risk to SRA, recommends KPMG
Solicitors should be under a duty to notify the Solicitors Regulation Authority when they get into financial difficulties, a report to the SRA board by accountants KPMG has recommended. The report also proposes that there should be a new core duty on financial management as part ...
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News
High Court decision deals blow to claims industry
A recent High Court decision has put ‘another nail in the coffin’ of a lucrative industry for hundreds of law firms bringing consumer credit claims, a leading litigation expert has told the Gazette. David Greene, president of the London Solicitors Litigation Association, said a series ...
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News
Civil proof standard for disciplinary matters: just one problem
As we reported last week when the SRA takes on its Legal Services Act powers to conduct disciplinary matters itself – for lesser offences worth a maximum fine of £2,000...
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News
Civil proof standard for disciplinary matters: just one problem
As we reported last week when the SRA takes on its Legal Services Act powers to conduct disciplinary matters itself – for lesser offences worth a maximum fine of £2,000...
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News
Allen & Overy launches in Australia
Magic circle firm Allen & Overy announced the launch of an Australian practice today. The firm has appointed 17 new partners, with 14 based in Sydney and three in Perth. It said analysis of the Australian market had shown there was space ...
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News
MPs attack ‘lax’ Legal Services Commission
The Public Accounts Committee has today lambasted the Legal Services Commission for its handling of legal aid funds. Committee chairman Edward Leigh MP said financial controls at the LSC were ‘lax’, noting that ‘it does not know enough about the costs and profitability of firms to ...
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News
Why burnt-out lawyers are bad for business
Tough times call for tough measures, and there is no doubt that firms have had to bite the bullet last year, letting go of large numbers of staff in the hardest hit areas such as property and corporate. The fall-off in work made redundancy programmes inevitable.
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News
Will clients accept new conflicts rules?
The SRA’s latest, fast-tracked consultation on conflicts of interest is expected to receive a warm welcome in the City.Indeed, it is the City of London Law Society that has been pressing for the reform, which will allow law firms to act for ‘sophisticated’ clients in any situation in which there ...
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News
Family justice review aims to foster positive relationships’
The government was expected to launch a ‘family justice review’ as the Gazette went to press to consider how family courts can take a more ‘positive’ role in proceedings. The review will coincide with the publication of a ‘family green paper’ offering greater support for separating ...
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News
Why are women trainees paid less than men?
For some time, the profession has been doing a good job of enticing women in (although, as we all know, a lot of them end up packing their bags in their 30s when they find family life incompatible with their firm’s demands).
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News
HMRC tax break for large law firms
Large law firms struggling with cash flow problems will find it easier to obtain an extension on their tax deadline following a change in the rules adopted by HM Revenue & Customs. The new policy will extend the revenue’s Business Payments Support Service (BPSS) to large ...
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News
‘Breakthrough’ tax agreement helps large partnerships
Large law firms struggling with cash flow problems will be more able to obtain an extension on their tax deadline under a change in the rules adopted by HM Revenue & Customs. The new policy will extend the revenue’s Business Payments Support Service (BPSS) to large ...
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News
The BVT pilot decision could spell trouble for the LSC
It is telling that last week’s announcement to scrap the best-value tendering pilots in Manchester and Avon and Somerset came from the Ministry of Justice, not the Legal Services Commission. At a time when the two bodies seem to be increasingly at odds, the MoJ has decided to step in ...