All articles by John Hyde – Page 323
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News
Lyons rebuts Admiral takeover reports
Personal injury firm Lyons Davidson has flatly denied press reports that it is in takeover talks with insurance giant Admiral. An article in the Mail on Sunday claimed that British insurer Admiral planned to buy the national firm, which last year became an alternative business structure, ...
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Cobbetts set to go into administration
National firm Cobbetts has announced it is seeking protection from creditors as a buyer is sought for the business.
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MoJ reveals £600m in court fines are unpaid
The government failed to make any significant impression on the £600m of outstanding debt from court fines during the latest financial year. Helen Grant, justice minister, told parliament this month that outstanding impositions stood at £1.8bn at the end of April 2012. A Ministry of ...
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COLP cover-up is unforgivable – and that’s the truth
Cards on the table - we’ve all told the odd porkie on an application form. You might add an inch or two to your height on a dating website or fake an interest in the theatre for a job application. I am not immune, dear readers, ...
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Business leaders have grown ‘diversity weary’
Managers of leading professional firms are growing ‘diversity weary’, according to the organisers of a poll of business leaders. Research commissioned by City firm Reed Smith found concerns that ‘a flurry’ of initiatives to encourage more women into senior roles could lead to a backlash. ...
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Reform chief predicts 'sweaty palms' over costs budgets
Judges and lawyers will adapt to new costs management rules but the process may take some time, according to the senior judge charged with implementing the Jackson reforms. Lord Justice Ramsey, who has taken over responsibility for the task from Lord Justice Jackson, admitted there will ...
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Legal challenge begins on RTA fixed fees
Claimant groups have formally begun a legal challenge to the government’s plans to cut personal injury fixed costs. The Association of Personal Injury Lawyers (APIL) and Motor Accident Solicitors Society (MASS) have jointly applied for a judicial review of the justice secretary’s decision to cut fees ...
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SRA spurns pleas to approve post-Jackson business models
Regulators will reject requests to pre-approve business models that may flout the impending ban on referral fees. The Solicitors Regulation Authority has confirmed it will not draw up detailed rules ahead of the ban coming into force in April, despite requests from members of the profession. ...
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Unpaid court fines still add up to £600m
The government failed to make any significant impression in the £600m outstanding debt from court fines during the past financial year. Justice minister Helen Grant revealed on Friday that outstanding impositions stood at £1.8bn by the end of April 2012.
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COLP/COFA test failed by over 1,000
Convicted criminals and undeclared bankrupts were among the people nominated by law firms to be their compliance officers, it has emerged. The Solicitors Regulation Authority today revealed that more than 1,200 nominees failed an automatic verification exercise to check their suitability to be firms’ self-policing staff. ...
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DWF expands national presence with new merger
In the latest sign of consolidation in the legal sector, business firm DWF today announced a merger with insurance firm Fishburns.
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Society critical of employee shareholder contracts
The government’s proposals for employee shareholder contracts will only add to red tape for small businesses and create confusion about workers’ rights, the Law Society has warned. The plans, contained in the Growth and Infrastructure Bill, are currently before the House of Lords having been passed ...
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Regulator ponders guillotine on PPI complaints
The Financial Services Authority has opened talks on introducing a time limit for payment protection insurance (PPI) complaints. In a statement released this afternoon, the FSA admitted there had been ‘initial discussions’ to consider the merits of a limit. The talks followed an approach by the ...
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Compensation fund review to take two years
A full-scale review of the compensation fund will take two years to complete, the Solicitors Regulation Authority has revealed. Regulators want to weigh up whether existing arrangements provide effective protection for consumers of legal services, as well as address any solicitors’ concerns about the scheme. ...
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Brilliant Law? It’s just a wolf in wolf’s clothing
I’ve never quite understood the antagonism towards foreign football club chairmen. Sure, we may question how the likes of Abramovich and Glazer acquired their money (or even if they have any at all), but to me there’s something deeper afoot. These people are foreign outsiders: they’re ...
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Call for criminal sanctions against care home owners
A former health minister today called for legislation to hold corporations criminally accountable for abuse and neglect in care homes. In a 10-minute rule motion, Lib Dem MP Paul Burstow proposed a new offence of corporate neglect where senior management allowed abuse to occur. ...
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Six more firms win ABS status
Personal injury firms from both the defendant and claimant sectors are among a glut of new alternative business structures announced today. The Solicitors Regulation Authority confirmed the identities of six new licences to take the total it has granted up to 74. Six more are due ...
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Betfair founder backs new ABS Brilliant Law
A team of non-solicitors with financial support from the founder of betting exchange website Betfair has announced its arrival into the legal market. Former Minster Law chief executive Matthew Briggs (pictured) and one-time BSkyB director Jeremy Fenn will be joint managers of Leeds-based Brilliant Law. ...
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40 jobs at risk at CMS Cameron McKenna
City firm CMS Cameron McKenna has confirmed it has put 40 roles in the UK at risk of redundancy. The announcement was made today following a review of the domestic business structure. The roles are a mixture of legal, legal support and secretarial, with 26 of ...
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Co-op fined for PPI complaints-handling
The Co-operative Bank has been fined £113,000 for failing to handle payment protection insurance (PPI) complaints fairly. The bank had put a ‘significant proportion’ of its 1,629 complaints on hold in 2011 whilst the British Bankers Association’s ultimately unsuccessful High Court challenge to new Financial Services ...