The stock market falls on the back of the EU Referendum has hit an ABS-owning property company the most, as well AIM-listed legal businesses with a personal injury (PI) element, a Legal Futures analysis has shown. The PI hit looks surprising given that the current state of political uncertainty is likely to be good news for the claimant market.
Yesterday’s Shadow Cabinet rebellion has included the resignation of the two top legal figures in the Labour Party – Shadow Lord Chancellor Lord Falconer and Shadow Attorney General Karl Turner. Lord Falconer, well known as a close ally of Tony Blair, gave no statement as to why he resigned, but Mr Turner – MP for Hull East – published on Twitter the letter he sent to leader Jeremy Corbyn.
The Law Society’s budgeted costs of £637,000 to defend the competition law action brought over its Conveyancing Quality Scheme are disproportionate and should be capped at nearly half that amount, the president of the Competition Appeal Tribunal has ruled. The society has instructed City giant Norton Rose Fulbright.
Legal Futures Blog
You may have heard of Sir David Brailsford CBE. He is the former performance director of British Cycling and currently the manager of professional cycling’s Team Sky. He is also credited for championing the notion of ‘marginal gains’, a phrase that has now become commonplace in the world of elite sport. It’s a world in which the difference between winning and losing – a podium-finish and an also-ran – can be minute. Marginal gains is about making tiny positive changes across the board that will ultimately add up to significant improvements to secure a competitive edge.