A new business owned by “non-solicitor entrepreneurs” who have already invested £10m is promising to revolutionise the way in which criminal defence work is undertaken. Defence Hub is predicting that it will turnover more than £50m in its first year.
Specialisation in the legal profession has narrowed to the point where it is possible for a barrister to become a Queen’s Counsel without ever having cross-examined a witness, according to Mr Justice Rabinder Singh.
The Legal Services Board has pledged to attack the “cultural resistance to radical change” that it said was necessary for the legal market to thrive. It will also target unnecessary restrictions on new business structures and the cost of regulation.
Chancellor George Osborne yesterday confirmed that the government is pushing ahead with plans to “ensure the tax advantages of partnerships aren’t abused” – but the immediate introduction of anti-avoidance rules has been dubbed “shocking”.
Legal Futures Blog
So you’re coming to the end of your first year as COLP and things haven’t gone too badly so far, but don’t count your chickens (or geese) yet. Danger lies ahead – the Christmas season looms. Now’s the time to earn your compliance officer stripes; let’s risk assess the joy out of Christmas, snuff out spontaneity and spread caution amongst your fellow man.