Europe/UK - Page 190
Regulators should do more to support client decision making, says consumer panel
The latest report from the Legal Services Consumer Panel has argued that law firms and other legal services providers should be obliged to clearly communicate information about litigation outcomes, success rates and average fees to consumers.
FCA to consult on whether in-house lawyers will fall within new accountability net
The Financial Conduct Authority will deliberate as to whether in-house lawyers will be subject to the watchdog's new pre-approval process for senior managers.
£15.5m in fines for PII that put 1,300 law firms at risk
The Financial Conduct Authority (FCA) has fined five individuals and two firms a total of £15.5m for their role in unauthorised solicitors' professional indemnity insurance schemes.
CMS Cameron McKenna names new managing partner
On Monday, CMS' UK arm announced internally that energy partner and co-executive partner for Scotland Stephen Millar will take up the role of managing partner at the firm from May.
Cameron launches probe into sentencing bias against BAME community
The British government has announced that it will investigate 'possible discrimination' against black and minority ethnic (BAME) defendants in the UK criminal justice system.
Dentons acquires banking and finance litigation team
Megafirm Dentons has added a team of lawyers to its financial markets and commercial disputes group from Matthew Arnold & Baldwin in Watford.
RBS in legal challenge to Cooke Young & Keidan
The Royal Bank of Scotland (RBS) filed for an injunction on Wednesday to prevent Cooke Young & Keidan (CYK) from continuing to act for Property Action Group (PAG), which is bringing a major dispute against the bank.
Ministry of Justice abandons controversial legal aid overhaul
Lord Chancellor Michael Gove has thrown out sweeping cuts to legal aid contracts in England and Wales. The reform plan had been in the works at the Ministry of Justice for over two years and was fiercely opposed by solicitors.
Freshfields top earner enjoys thicker pay packets despite profit plateau
The highest-paid partner at Freshfields Bruckhaus Deringer has enjoyed a remuneration lift, despite profits sitting flat and overall salaries at the firm inching downwards.
News UK recruits Rebekah Brooks' defence lawyer to top legal post
The lawyer tasked with defending Rebekah Brooks in court against phone-hacking allegations has been rewarded for his efforts, scooping up the role of GC for News UK.
SFO defends Libor prosecution after five acquitted
The Serious Fraud Office (SFO) has defended its prosecution of six ex-brokers who were accused of helping to manipulate the Libor rate, after five of them were acquitted yesterday by a UK jury.
Sheffield launches campaign to entice law firms
Sheffield City Council has launched a northshoring campaign in a bid to convince Southern law firms to open in the city.
KWM to open second UK office
Law firm King Wood Mallesons has unveiled plans to open a second UK office in Cambridge focused on real estate clients.
Slater and Gordon plans job cuts
Listed Australian firm Slater and Gordon is consulting with 51 fee-earners and support staff with a view to possible redundancies.
Research reveals which legal specialisms bring home the bacon
Banking and finance specialisms continue to secure higher salaries for junior lawyers, while in-house positions struggle to deliver the dough offered by firms.
Burford Capital cinches $45m litigation funding deal with BT Group
Litigation funder Burford Capital has signed a $45m deal to provide third-party funding for BT Group's litigation pipeline.
Controversial Google-HMRC settlement sparks government investigation
An underwhelming £130 million settlement between HM Revenue & Customs and multinational search engine giant Google has prompted British MPs to raise the possibility of a radical overhaul of the UK's corporate taxation laws and procedures.
High Court sees fewer negligence cases against solicitors, though numbers remain high
Newly released data from law firm RPC shows that the UK High Court heard 47 per cent fewer cases against law firms in the twelve months to June 30 2015 than in the previous year.
Bitcoin technology ushers in era of 'smart' contracts
In the wake of a landmark government report, legal technology experts have said the technology behind the Bitcoin digital currency could herald an age of 'smart contracts'.
Partners pulling longer office hours, new research shows
Partners at UK law firms are working an average of 56 hours per week, up 10 per cent from just two years ago.