Pass the parcel: should you indemnify your COLP?
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.
Demystifying the banking process – what your bank looks for in your firm
The recession and continuing economic challenges highlight the increasing importance of law firms having an effective business strategy in place that considers the ambitions of the firm but ensures that those ambitions are delivered against access to suitable levels of cash flow. By Legal Futures Associate NatWest
Re-shaping your firm – and how to pay for it
Chris Marston, head of professional practices at Lloyds TSB Commercial, takes a look at how solicitors’ firms can compete against external capital.
How to compete with LPO providers
The fallout from the financial crisis as well as growing threats from the legal process outsourcing industry is making it even more difficult for legal practices to juggle client expectations and fee income, says Peter Collins. Many are looking to manage their own resources more effectively.
Keeping the Information Commissioner off your back
The recent case of a Scottish advocate’s stolen, unencrypted laptop raises some important questions regarding data controller responsibility, portable media (not just laptops) and the options available for securing such media, explains Matt Torrens.
