News

Divisions over advocacy scheme harden as regulators face battle to keep it alive

approved stamp

Divisions over quality assurance for advocates have deepened after solicitors were advised not to take part in a Bar Standards Board survey on the issue, while specialist Bar associations have been urged to oppose QASA as well.

February 20th, 2012

News in brief: LeO apology, barrister ‘first’, interest on costs ruling and CLC chief leaves

post box

Our latest news round-up reports on an apology over the sudden change in the Legal Ombudsman’s address, which affects all lawyers, a unique agreement between a law firm and a barrister, a crucial ruling on interest on costs, and the exit of the CLC’s chief executive.

February 20th, 2012

Conveyancing regulator warns HSBC and other lenders about restricted panels

HSBC

The Council for Licensed Conveyancers has waded into the row over HSBC’s 43-strong conveyancing panel, expressing concern that “the limited size panel risks inadvertently restricting consumer choice and distorting competition in the conveyancing market”.

February 17th, 2012

Spin-out firms merge to create largest debt recovery practice

Philip Holden

Debt recovery law firms Drydens Lawyers and Fairfax Solicitors, both created by spin outs from national firms, are to merge creating the UK’s largest debt recovery and debt litigation legal practice. It will have a workforce of around 300 and turnover of approximately £15m.

February 17th, 2012

SRA warns solicitors off SDLT evasion schemes

Richard Collins lo res

The Solicitors Regulation Authority has issued a formal warning to lawyers to think twice before becoming involved in stamp duty land tax schemes. It will look “very closely” at the conduct of any firm actively involved in such schemes,

February 17th, 2012

BT seeks ABS licence for claims management arm

BT engineer at work

The claims management arm of telecoms giant BT has applied to become an alternative business structure, it has emerged. But it is not looking to enter the consumer market.

February 16th, 2012

Firms are their own worst enemies when potential clients call, says mystery shopping report

Happy Call Center Workers

Law firms are “their own competitors” because the poor way many deal with telephone enquiries is pushing away nearly half of their potential clients, a mystery shopping exercise has concluded. Nearly half said they would actively encourage people not to use the firm they called.

February 16th, 2012

Neuberger: cross-examination and disclosure next on reform agenda

Neuberger

An investigation into the benefits of cross-examination and disclosure could be next on the costs reform agenda, the Master of the Rolls has indicated. At the same time, an interim report into the national costs management pilot has found signs that it is producing benefits.

February 16th, 2012

Exclusive: private equity firm behind UK’s first ABS on the hunt for another investment

Ten Pounds

The private equity firm behind the UK’s first – and so far only – alternative business structure is beginning the hunt for another investment in the law, Legal Futures can reveal.

February 15th, 2012

Cameron insurance summit: full steam ahead on Jackson and cutting PI fees

10 Downing Street

The outcome of yesterday’s high-profile Downing Street insurance summit appears to have put paid to any hopes among claimant lawyers that there is a compromise to be reached over the Jackson reforms.

February 15th, 2012

Prospect of MDPs “catching the imagination” of large law firms, survey finds

Giles Murphy

Large law firms are showing increasing interest in forming multi-disciplinary practices with non-lawyer professionals, according to new research. The survey of 126 of the top 250 firms by accountants Smith & Williamson found that a third are interested in joining with a non-legal practice.

February 14th, 2012

Quality scheme risks independence of advocates, leading judge warns

Moses LJ

The proposed Quality Assurance Scheme for Advocates threatens the independence of advocates, a senior judge claimed yesterday. Lord Justice Moses argued that quality of advocacy is best assured through compulsory training and more active reporting of poor advocates by judges.

February 14th, 2012

News round-up: barrister jailed for chambers theft, another mySRA extension, and much more

pclarke12

Our latest news round-up reports on a barrister jailed after stealing £72,500 from his chambers, more problems with the SRA’s online PC renewal system, surveys on fixed fees and compliance, and the appeal court upholding a ruling against a firm innocently caught up in mortgage fraud.

February 13th, 2012

Pass the parcel: should you indemnify your COLP?

ticking bomb

Allison Wooddisse, head of LexisPSL Practice Compliance, looks at the whether and how law firms should indemnify COLPs against adverse consequences from taking on the role. Many COLPs are feeling jumpy but an indemnity is not as straightforward as it may appear.

February 13th, 2012

LSB rebuffs US and European concerns as IMF bids to make bailout countries reform legal professions

Christine Lagarde

The Legal Services Board has stepped into the controversy around the International Monetary Fund’s push to make countries receiving financial bailouts reform their legal professions as part of the deal.

February 13th, 2012