Bad news keeps on coming for Quindell as financial adviser quits
The turmoil at AIM-listed alternative business structure Quindell – which lost 45% of its value last week – has continued unabated this morning after announcing that its financial adviser and joint broker has resigned.
Competition and Markets Authority mulls review of legal sector
The Competition and Markets Authority is considering whether to launch a review of the legal services market, it has emerged. It was a report in 2001 by its predecessor, the Office of Fair Trading, which began the process that led to the Legal Services Act 2007.
Now MoJ sits on litigants in person report for over a year
The Ministry of Justice has failed to publish for over a year a major report on litigants in person in family law cases involving six universities, it has emerged.
“Overwhelming disagreement” made SRA change track on COFA responsibility
“Overwhelming disagreement” made the Solicitors Regulation Authority abandon a plan to make compliance officers sign declarations that their firms followed the accounts rules, it has emerged. But further changes to accountant’s reports are coming.
Quindell’s week of misery continues as shares dive on biggest institutional investor halving stake
The shares of alternative business structure Quindell plc suffered yet another dive yesterday after it emerged that the company’s largest institutional investor has halved its stake in recent months.
Retiring law firm partners to be offered short cut to senior judiciary
There is to be a drive to recruit retiring law firm partners to the senior judiciary in a bid to improve diversity, it has emerged. The Lord Chief Justice, Lord Thomas, said he is looking at a “more sensible way” of recruiting partners who retire early onto the High Court bench.
BSB says sorry for slow march towards new business structures
The Bar Standards Board has apologised for the “inordinately slow” progress in implementing Legal Services Act changes that will enable barristers to practice in novel ways, as it set out a timetable for broadening its reach into entity regulation.
Judge hits out at system that encourages solicitors to charge barristers referral fees
Mr Justice Green, chairman of the Advocacy Training Council, has condemned the lack of a “level playing field” for publicly funded advocates, which is leading to the practice of “selling litigation rights”.
Barristers disbarred for repeatedly refusing to pay tribunal fines
Two barristers have been disbarred for repeatedly refusing to pay a total of almost £12,000 between them in fines and costs. Meanwhile, In a separate ruling, a tribunal disbarred another barrister for conduct representing a “persistent departure from the standards expected of a barrister”.
BSB to develop ‘professional statement’
The Bar Standards Board is to launch a ‘professional statement’ which, like the ‘competence statement’ being developed by the Solicitors Regulation Authority, will attempt to describe the knowledge and skills barristers should possess at the point of qualification.
