Europe/UK - Page 210

Compliance 'chokes' asset management sector

Consumers will be offered a more restricted choice of asset managers in future because the 'vast and growing' legal and compliance costs are restricting growth in the sector, according to the New City Initiative think tank.

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Negligence actions triple against law firms

The number of High Court cases brought against UK law firms has risen from 143 to 418 during 2013/14 - probably reflecting a rush to meet the six-year time limit on losses incurred in the 2008 financial crisis.

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UK firms lose £2m client funds to scammers

Four UK law firms have recently lost £2m between them to scammers who tricked them into disclosing bank security data over the phone.

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Miscarriages of justice happened due to Legal Aid cuts

The most senior judge in the UK civil courts has warned that miscarriages of justice must be occurring because of cuts in state funding.

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Premier League viewing auction triggers legal speculation

Speculation is starting to mount about the auction expected early next year for broadcasting rights to Premier League football - and legal specialists are also making their predictions.

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Innovative UK firm appoints head for 4th term

DWF, a national UK law firm which has seen 456% growth in the last nine years, has reappointed its managing partner for a fourth term - which will mean he leads the practice for 12 years.

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Akin Gump starts to train outside the US

Akin Gump Strauss Hauer & Feld is to begin its first training scheme outside of its home base by setting up a programme in its London office.

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EY to recruit 30 to UK legal team

EY has followed PwC and KPMG in getting an Alternative Business Structure (ABS) license, enabling it to offer legal services in England and Wales.

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Edwards Wildman loses another London partner to Glaxo

Commercial litigation partner Antonio Suarez-Martinez, co-chair of the firm's pro bono committee, is joining the stream of lawyers leaving the London office.

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JUSTICE joins up with the arts

Leading law reform and human rights charity JUSTICE has launched a series of events with leading figures in the arts to discuss the rule of law today. Next Thursday's event features author Robert Harris at Lincoln's Inn.

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Most lawyers struggle to be ethical, says study

Nearly 60% of solicitors find it difficult to 'do the right thing', according to a survey of 1,000 people carried out by Birmingham University's Jubilee Centre for Character and Virtues.

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Senior lawyers pessimistic and ready to exit profession

Many senior lawyers are so disillusioned with the state of the UK legal profession that they are planning to stand down in the next few years.

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Police urge lawyer help against terrorism

The Association of Chief Police Officers in the UK is highlighting the role that lawyers can play in detecting terrorist plots in its terrorism awareness week.

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Trinity Mirror general counsel exits

Paul Vickers, who led the newspaper group's response to the phone-hacking scandal, will leave the company as part of a restructuring.

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Stewarts Law begins Tesco litigation

As several law firms consider taking action against supermarket chain Tesco, the UK-based litigation-only law firm Stewarts Law has announced its decision to go ahead on behalf of 300 investors.

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King & Spalding beefs up Europe capital markets team

The 800-lawyer firm King & Spalding has recruited two partners to its London office to anchor a European capital markets practice.

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City regulators take a tougher line

Regulators in London have levied fines three times higher than last year.

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Questions hover over CC's independent bank report

A BBC programme will tonight examine controversial treatment of indebted customers by UK bank RBS and could also look at the role of Clifford Chance which found no evidence of wrong-doing when it was commissioned to investigate.

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EY launches white collar prosecution team

The Big Four accountancy giant has set up a 20-strong team to work alongside law firms in the private prosecution of fraud cases for businesses.

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Collyer Bristow repays £24m over Rangers FC advice

The liquidators for Scottish football club Rangers have confirmed a payment from lawyers Collyer Bristow of fees they were paid after the controversial 2011 take-over of the club.

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