All articles by John Hyde – Page 316
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News
Private equity spurns law firm advances
Law firms will continue to be unattractive to private equity investors until they improve how they present their financial situation and partners invest their own cash, leading investors said yesterday. John Llewellyn-Lloyd, head of professional services at investment bank Espirito Santo, said external investment was the ...
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WHSmith tie-up had mixed results, QS pioneer says
A leading figure at high street brand QualitySolicitors has admitted the tie-up with WHSmith has not worked for all signatory firms. John Baden-Daintree, head of legal services at QS, told the Association of Personal Injury Lawyers (APIL) conference last Friday that some practices had seen few ...
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Lords fold on health and safety reform
The House of Lords has backed down over government plans to make it more difficult to sue employers for health and safety breaches at work. Peers were forced to vote for a second time last night on the aspect of the Enterprise and Regulatory Reform Bill ...
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SRA right to raid compensation fund - for now at least
It all goes very quiet at the SRA board meetings when the subject of interventions comes up. Director Richard Collins updated the situation yesterday with the solemnity of a radio announcer reading out the names of kittens who have died that day.
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Whiplash claims at five-year low, official figures reveal
The number of whiplash claims has fallen by almost 60,000 in the past year, according to the government’s own figures. A freedom of information request to the Department for Work and Pensions’ compensation recovery unit has revealed there were 488,281 whiplash claims in Great Britain in ...
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Society demands insurer title change
The Law Society is pressing regulators to drop the title of ‘qualifying insurers’ after the failure of a third professional indemnity insurer. The Society wants the Solicitors Regulation Authority to change the designation to ‘participating insurers’ to avoid perpetuating the misconception that insurers are vetted by ...
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SRA wants compensation fund to cover intervention bill
The SRA has decided not to impose a one-off levy on solicitors to pay for the rising cost of intervening in failed firms, but wants the multimillion-pound bill to fall on the rapidly diminishing compensation fund instead.
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SRA getting better at complaints – independent assessor
The Solicitors Regulation Authority has ‘significantly improved’ how it deals with complaints about its service, an independent assessor has concluded. The Independent Complaints Review Service (ICRS) upheld or partially upheld 75 cases out of 245 separate complaints issued from October 2011 to the end of 2012. ...
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Society warns against muddling funding for interventions
The Law Society has called for ‘proper transparency’ if regulators are to pay intervention costs out of compensation fund reserves. The Solicitors Regulation Authority confirmed on Wednesday it wants to cover an estimated £7m overspend on interventions this year by using money held in the compensation fund. The SRA says ...
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Judiciary ‘not ready’ for Jackson reforms
A High Court judge has told parties involved in some clinical negligence claims to ignore the Jackson reforms for at least six months. A practice note written last month and distributed to law firms by Master Roberts, one of two High Court clinical negligence masters, revealed ...
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News
MPs throw out health and safety liability move
MPs have rejected a House of Lords amendment that sought to cancel out significant changes to 39-year-old health and safety legislation. The government wants to change Section 47 of the Health and Safety at Work Act 1974 to remove the principle of strict liability and force ...
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News
Be proud and fight on, PI lawyers told
The incoming president of the Association of Personal Injury Lawyers has told colleagues they have no choice but to fight on in the face of government-imposed reforms. Matthew Stockwell told the annual APIL conference at Celtic Manor near Newport yesterday that the claimant industry had failed ...
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News
New entrants must have old principles, Townsend tells PI sector
Solicitors must not abandon their principles even if they are forming ventures with new entrants from outside the profession, the Solicitors Regulation Authority’s chief executive said today. Antony Townsend (pictured) told the annual Association of Personal Injury Lawyers (APIL) conference that the sector was ‘complicated’ by ...
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News
Europe reviews cross-border claims
The European Commission is to review the operation of a cross-border claims service, after admitting it has failed to make an impression with consumers. The European Small Claims Procedure was launched four years ago to resolve cross-border disputes worth less than €2,000. ...
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Firm defends police officer Kelly Jones in kerb claim
The personal injury firm at the centre of a media furore over a claimant police officer has insisted its client is right to press on with the case. National firm Pattinson & Brewer said Norfolk officer PC Kelly Jones is continuing with a claim against a ...
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News
Chancery Lane wants voice at whiplash inquiry
The Law Society has demanded that solicitors’ voices are heard when MPs come to hear evidence on whiplash. The House of Commons transport select committee will invite witnesses to appear in parliament later this year having today closed the call for evidence. ...
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News
SRA moves to calm fears over indemnity insurer
The Solicitors Regulation Authority has sought to reassure hundreds of law firms using Balva for professional indemnity cover after the Latvian company was placed under new restrictions. The Financial Conduct Authority has updated its register following a decision by Latvian regulators to prohibit Balva from writing ...
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News
Firms still failing to ask for client feedback, survey shows
Most law firms are failing to get proper feedback from clients after carrying out work for them, new research has found. A YouGov SixthSense survey of more than 2,000 adults found just 20% of those who had used law firms and solicitors in the last three ...
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APIL can celebrate survival, if little else
Given that most of the planet has been wiped out by terrifying aliens, the film Independence Day ends on a remarkably happy note. President Bill Pullman rallies his troops and assures them the future is bright. You survived, he tells them, and that’s reason enough to celebrate. Now get digging ...
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ABS delay frustrating for Scottish lawyers
Firms in Scotland are growing increasingly frustrated by delays to the advent of alternative business structures north of the border, according to senior lawyers. The Law Society of Scotland confirmed last week that its plans to be an approved regulator of the new entities are on ...