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Professional & Financial Risks

Blog

Solicitors can owe a limited duty of care to third parties

Published on 16 February 2016. By Sally Lord, Associate

In Caliendo v Mischon de Reya, the Court found that a firm of solicitors had not been retained, either expressly or impliedly, to represent the majority shareholders in respect of the sale of their shareholding in a football club.

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The end of the low cost insurance scheme?

Published on 15 February 2016. By Sally Lord, Associate

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have taken disciplinary action against Mr Shay Reches, the firms Coverall and Millburn, and four other related individuals in relation to solicitors' professional indemnity insurance and other insurance scheme failures.

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Blog

Litigants in person – approach with caution?

10 February 2016

The increase in recent years of the number of litigants in person (LiPs) is largely due to the impact of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (the Act), which came into force on 1 April 2013.

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Resolving mistakes in trust deeds and wills – a new, cheaper and quicker approach?

Published on 08 February 2016. By Rachael Healey, Legal Director

Claims are often made against professionals arising out of errors in trust deeds and wills.

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Don't leave me this way: SRA to split from the Law Society?

Published on 05 February 2016. By Claire Revell, Senior Associate

From almost a standing start around ten years ago, solicitors are now among the most regulated professionals in the UK.

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Stand and deliver: what documents must a solicitor deliver up to its client when asked for 'the file'?

Published on 05 February 2016. By Claire Revell, Senior Associate

Most compliance managers or complaints partners will experience that sinking feeling when yet another file request lands on their desks, often with the distinct aroma of a 'fishing expedition'.

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47% decrease in claims against solicitors – a false sense of security?

29 January 2016

2015 saw a 47% decline in the number of professional negligence cases brought against solicitors to 221, down significantly from 418 in 2014.

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Standstills – direct, indirect, connected to, arising out of – has time been stopped?

Published on 27 January 2016. By Rachael Healey, Legal Director

Defendants are often invited to enter into Standstill Agreements, stopping time for limitation purposes.

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Blog

Update: CFAs will not continue for insolvent companies

Published on 25 January 2016. By Layla Todd, Associate

Earlier in April last year, we wrote an article on the insolvency exemption to the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO).

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Blog

Pay the correct court fee – or else!

Published on 08 January 2016. By Jonathan Wyles, Legal Director

On 9 March 2015 there was a substantial increase in the fees to issue civil proceedings. As a result, the court fee is now £10,000 to issue a claim worth in excess of £200,000 (or the damages are unquantified).

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