Last 3 months headlines – Page 1238
-
News
Warnings follow Cobbetts collapse
The demise of top-100 firm Cobbetts should serve as a wake-up call for legal practices with outdated structures and mounting bank debts, legal sector finance experts said this week.
-
News
Small-claims revamp may hit portal
The future of the RTA Portal will become clearer on Friday when a protocol, forms and rules for a new small-claims system are finalised at a meeting of the Civil Procedure Rule Committee. The protocol will enable the system to deal with claims up to £25,000, ...
-
News
Collective actions will fuel ‘litigation culture’
A US industry body has added its voice to concerns about government plans to simplify collective actions under competition law. The US Institute for Legal Reform echoed the Confederation of British Industry’s (CBI’s) warning that US-style collective actions would ‘fuel a litigation culture in the ...
-
News
Courtroom savings hard to interpret
Doubts have been cast on the level of savings claimed by the government for its courtroom interpreting contract, as more interpreters refuse to work under the new terms. A year after the widely criticised contract came into effect, the Ministry of Justice has told the ...
-
News
Firms sign up to beat fee ban
A claims management firm says it has signed up almost 100 legal practices to a business model designed to sidestep the impending referral fee ban. Chris Georgiou, managing director of Accidents Direct, said he has spent 18 months refining a panel scheme which he says will ...
-
News
Disclosure ruling rocks banks
Banks are struggling to control their liabilities following a Financial Services Authority finding that 90% of interest rate swaps (IRS) products banks sold to SMEs were in breach of regulatory requirements, and a judge’s ruling rejecting 24 Barclays employees’ demands for anonymity. Stephen Rosen, head ...
-
News
Exceptional case proves Jackson rule
Litigation lawyers should ‘ignore Jackson at their peril’ regardless of a landmark costs ruling that appeared to undermine imminent reforms, a solicitor in the case said this week. James Heath, from London firm Taylor Hampton Solicitors, warned firms not to be complacent about costs despite ...
-
News
News Focus: Cobbetts
As the Gazette went to press, it was unclear whether a drinks party at national firm Cobbetts was going ahead as planned. In the uncertainty following the firm’s acquisition amid financial troubles, the atmosphere at the Birmingham event would hardly have been conducive to ‘a wind-down and a few celebratory ...
-
News
Barristers pose no ‘alternative solicitors’ threat, says bar chair
Barristers offering public access work are not planning to ‘flood the market’ – but the relationship between the two professions will become more fluid, the new chairman of the Bar Council has suggested. In an interview with the Gazette, Maura McGowan QC, the second woman to ...
-
News
SRA redraws plan to increase fines for firms
The Solicitors Regulation Authority has re-opened discussions with the Ministry of Justice on raising the amount it can fine firms from the current maximum of £2,000. Last year the MoJ rejected a request to bring the maximum penalty for traditional firms into line with the ...
-
News
No line under mis-selling
The Financial Services Authority’s report on interest rate swaps mis-selling by four major banks draws some creditably momentous conclusions. Lawyers acting for business owners recognise a thorough job by the regulator, which concluded that banks failed in their regulatory obligations in 90% of the 173 sales reviewed by the City ...
-
News
Judges need support over costs budgeting
By Rachel Rothwell, editor of Litigation Funding Now that we are only two months from Jackson D-Day, solicitors are waking up to the prospect of costs budgeting.
-
News
Taking a punt
Though I cast no aspersions on the character of anyone associated with Brilliant Law, I do wonder how many prospective clients might shy away from instructing this new body to handle their legal affairs if they knew that the big money behind its launch came from the profits of the ...
-
News
Power struggle
Are we really expected to believe that the forthcoming personal injury ‘reforms’ will result in a reduction in claims and reduced insurance premiums? What the forthcoming referral fee ban, the sanctioning of ABSs, and the proposed reduction in recoverable costs will achieve is the handing of ...
-
News
States’ rights or EU rights in 2013?
I have been reading Robert A. Caro’s masterpiece on the life of US president Lyndon Johnson, which I cannot recommend enough. It is not short (four gigantic volumes so far), but is compulsive and brilliant. The relevance of this to EU legal affairs is in its exposure of how the ...
-
News
Excluded from the bar...
Good grief. When Obiter dangled a prize for tales of sexism in the legal sector (21 January), we thought we would be taking a walk to the dusty far end of memory lane.
-
News
My legal life: Maura McGowan
I didn’t know what I wanted to do before doing law – I even thought about politics. Somebody half-jokingly suggested becoming a barrister, which made me think about it. When I did my degree and bar exams both courses were still very academically focused and there was no formal advocacy ...
-
News
McGowan takes up the two-bar challenge
Maura McGowan QC has become the second woman to lead the 15,000-strong bar profession, after Heather, now Lady Justice, Hallett. She takes over at a time when many at the bar, the publicly funded bar in particular, face huge challenges. Though the bar prides itself ...
-
News
Barclays hunts for new GC as legal in-tray mounts
Barclays’ general counsel Mark Harding is to retire after a decade in the post, the bank announced. Group finance director Chris Lucas is also stepping down, though both senior executives will remain until successors are found. Commenting on the departures, ...