“As many as 10,000 lawyers could be out of work in the UK in the next two years as the legal business faces its worst slump in decades.”
The Times, 15th June 2009
Source: www.timesonline.co.uk
“Government proposals to cap payments made to acquitted defendants who have paid privately for their defence are the ‘final nail in the coffin’ of criminal legal aid firms, a leading practitioner group has warned.”
Law Society’s Gazette. 11th June 2009
Source: www.lawgazette.co.uk
“City law firms could help fund some civil litigation cases as part of sweeping proposals to overhaul litigation funding mechanisms in the UK.”
Legal Week, 4th June 2009
Source: www.legalweek.com
“Businesses are deserting the ‘magic circle’ and other City law firms in favour of cheaper alternatives as the legal market continues to struggle with weaker demand, a study has found.”
The Times, 20th May 2009
Source: www.timesonline.co.uk
“Banks and other cash-strapped businesses are putting pressure on law firms by calling for the services of junior lawyers free of charge during the downturn.”
The Times, 20th May 2009
Source: www.timesonline.co.uk
“The peer tasked by Chancery Lane with reviewing legal regulation says that only ‘minor’ adjustments to the Law Society’s internal governance may be required to yield ‘enormous benefit’ for the regulation of law firms.”
Law Society’s Gazette, 7th May 2009
Source: www.lawgazette.co.uk
“Linklaters, the ‘magic circle’ law firm, today ducked a multimillion-pound payout after defeating one of the largest negligence claims ever brought against a UK law firm.”
The Times, 21st April 2009
Source: www.timesonline.co.uk
“Simon Davies, Linklaters’ managing partner, says that the good times will return to big City firms – but in a different guise.”
The Times, 2nd April 2009
Source: www.timesonline.co.uk
“Measures to improve the service that legal firms can give to consumers come into effect today.”
Ministry of Justice, 31st March 2009
Source: www.justice.gov.uk
“The next scandal of regulatory failure could occur in the legal sector, if tougher action is not taken to regulate the work of corporate law firms, a report has warned.”
The Guardian, 30th March 2009
Source: www.guardian.co.uk
“The law firm Irwin Mitchell has topped a league table of clinical negligence lawyers paid the most by the NHS, picking up almost £11m in fees and costs last year from compensation claims by patients.”
The Times, 29th March 2009
Source: www.timesonline.co.uk
“The regulation of big corporate law firms is not ‘fit for purpose’ and urgently needs reform, a report for the Law Society has concluded.”
The Times, 26th March 2009
Source: www.timesonline.co.uk
“The chairman of the Press Complaints Commission has rounded on a number of London media law firms, saying that they see the press watchdog as their ‘sworn enemy’.”
The Guardian, 24th March 2009
Source: www.guardian.co.uk
“The Law Society has urged HM Revenue & Customs (HMRC) to consider suspending the practice of taxing law firms before they have been paid for their services for the remainder of the recession.”
Legal Week, 17th March 2009
Source: www.legalweek.com
“A global coalition of law firms representing victims of Bernard Madoff’s alleged Ponzi scheme will today meet to plot their case against the fund manager.”
The Times, 9th March 2009
Source: www.timesonline.co.uk
“As big firms cut hundreds of transactional lawyers, some have never been busier.”
The Times, 9th March 2009
Source: www.timesonline.co.uk
“City law firms are offering graduate recruits up to £10,000 each to stay away from the office for a year. The move has been driven by the credit crunch, with firms fearing that trainees will not get sufficient experience.”
The Times, 5th March 2009
Source: www.timesonline.co.uk
“Do the big corporate law firms want to be policed alongside their high street counterparts? And is such dual regulation even possible? As two ends of the profession become increasingly differentiated, so the task of regulating both becomes harder. Now, the Solicitors Regulation Authority (SRA) is facing a rebellion in the City, where leading global practices say that the two-year-old body cannot regulate the profession’s top end.”
The Times, 26th February 2009
Source: www.timesonline.co.uk
“Law firms that refuse to consider training contract applications from students who would need a work permit are having to review the policy following a ruling last week. The Employment Appeal Tribunal upheld a finding of indirect race discrimination on the grounds of nationality against top-30 firm Osborne Clarke.”
Law Society’s Gazette, 19th February 2009
Source: www.lawgazette.co.uk
“A defunct British law firm has been fined nearly £1 million for ‘recklessly’ assisting Spanish boiler rooms to defraud British investors out of millions of pounds.”
The Times, 17th February 2009
Source: www.timesonline.co.uk
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