All articles by John Hyde – Page 334
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News
SRA rule change will increase choice but harm consumer
Choice is a wonderful thing. Living near Olympic Park I can currently choose between looking at adverts for Coke or McDonalds. Neither is likely, I imagine, to boost my chances of qualification for the 2016 Games. But what if increased choice means increased access to harmful ...
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Review of super-regulators calls for more openness
The Legal Services Board and the Office for Legal Complaints should open their board meetings to the public and publish all items of spending over £500, a Ministry of Justice Review has recommended. The report of the first triennial review of bodies established under the 2007 ...
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Indian call for legal liberalisation
India’s top law firms and largest companies are desperate for the country’s legal market to be liberalised, according to new research. A YouGov poll, in association with magic circle firm Allen & Overy, found near-unanimous agreement among more than 300 Indian legal stakeholders. In total, 96% ...
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PC fee up 5%, Law Society council agrees
The Law Society council today approved a practising certificate fee increase of £16 for 2012/13. The fee for each solicitor will rise from £328 to £344. Individual Compensation Fund contributions rise from £60 to £92. The contribution for firms will increase from £722 to £1,340. ...
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News
Solicitor shooting: man charged
A man appeared in court today charged with attempting to kill a Wiltshire solicitor. Michael Chudley, 62, from Rowde, Wiltshire, was also charged with threats to kill, possession of a firearm with intent to cause fear of violence and carrying a firearm with criminal intent. At ...
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News
NHS reveals £1bn litigation bill
Spending by the NHS Litigation Authority on negligence claims has passed the £1bn mark for the first time. Annual accounts for the 2011/12 financial year show that £1.095bn was spent on clinical claims by NHS trusts, foundation trusts and primary care trusts in England. A further ...
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News
Man shot in solicitors’ office
A man is in a life-threatening condition after a shooting at a solicitors’ office in Wiltshire. The victim suffered serious head injuries after a single shot was fired at Morris, Goddard and Ward in Devizes on Monday afternoon, a police statement said. He was airlifted to ...
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News
Profits leap at Clifford Chance
Magic circle firm Clifford Chance says it has defied market uncertainty to post a ‘strong performance’ for the last financial year. The firm today said that its 2011/12 profits leaped by 13% to £431m while revenues rose by 7% to £1.3bn. Profit per equity partner was ...
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A&O profits steady
More than 400 partners at Allen & Overy will earn at least £640,000 this year, the firm revealed as it kicked off the magic circle reporting season today. Allen & Overy’s results for the year ending 30 April show profits up by 7% to £486m on ...
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News
High Court vindicates RSA on ‘in-house’ repair deals
An insurance company was entitled to set its own rates for vehicle repairs after claimants suffered accidents, a High Court judge has ruled. In his preliminary judgment on the case of Coles v Hetherton released today, Mr Justice Cooke said RSA Insurance was entitled to ...
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News
Quindell snaps up claims networker to sidestep referral fee ban
One of the biggest new entrants to the legal market has invested in a networking business that brings together claims management companies (CMCs). AIM-listed Quindell Portfolio, which already owns a law firm and has applied to become an alternative business structure, said the move was designed ...
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Top GP backs government plans to check whiplash claims
A leading GP has backed government plans to cut the cost of whiplash claims by requiring claimants to see specialists. Dr Peter Swinyard, chairman of the Family Doctors Association, told the Gazette there had been a marked increase in patients complaining of stiff necks following car ...
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News
Women ‘out-perform men in judicial appointments’
Women made up around half the judicial appointments during a six-month period, despite forming as little as a fifth of the candidate pool. The sixth set of official statistics published today by the Judicial Appointments Commission (JAC) shows women starting to outperform men. Based on 13 ...
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News
Chancery Lane warns of ‘anomalies’ in referral fee ban
The Law Society has warned of a ‘danger of anomalies’ in the government’s plan for banning referral fees. The Ministry of Justice is finalising the specifics of the ban, which will apply only to personal injury cases. Payment and receipt of the fees will be prohibited ...
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News
SIFA warns against liberalisation of referrals process
Solicitors referring clients for financial advice will be exposed to indemnity claims if the process is liberalised, the profession has been warned. The Solicitors Regulation Authority is considering relaxing rules which dictate that lawyers can refer clients only to independent financial advisers, as opposed to advisers ...
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News
Referral fee ban is SRA's mission impossible
As any lazy person knows (I’m told), it’s pretty easy to get out of doing a job you hate. Just moan incessantly about having to make the tea/clean the bathroom/take a trip to Westfield, to the point where you’ll never be asked again. If all else fails, do such a ...
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News
SRA powerless to stop ABSs circumventing referral ban
Regulators have warned they will be powerless to prevent the establishment of companies that would get around the ban on referral fees. Alternative business structures encompassing both law firms and claims management companies may not fall within the scope of any ban, the Solicitors Regulation Authority ...
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News
Private equity firm takes stake in ABS
Former Dragon’s Den investor James Caan (pictured) has announced that his private equity company is to invest in a regional commercial firm. Caan’s company Hamilton Bradshaw will invest an undisclosed sum in Staffordshire-based Knights as it applies to become an alternative business structure. ...
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News
Executive committee takes reins at regional firm Fosters
A regional firm has ditched the traditional partnership model after clients pressed for a more familiar management structure. Fosters Solicitors, a legal disciplinary practice operating from eight offices across East Anglia, has appointed a new executive committee to take over the day-to-day running of the business. ...
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News
Call for curbs on legal lobbyists
MPs have called for tighter restrictions on law firms that act as lobbyists for their clients. Firms should be forced to sign up to a new register for lobbyists if they are acting beyond simply advising their clients, they have urged.