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Professional & Financial Risks

Blog

The fraudsters are back – they never left!

Published on 20 February 2015. By Jonathan Wyles, Legal Director

In July 2014 we warned about fraudsters targeting solicitors to gain access to their client account

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PI Insurer Liable to indemnify firm of solicitors in respect of loans made to its clients by a finance company

Published on 04 February 2015. By Sally Lord, Associate

The Court of Appeal has this week handed down its decision in Impact Funding Solutions Ltd v Barrington Support Services Ltd, which is a case that has sparked a lot of interest since the first instance judgment was delivered back in December 2013.

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Costs warning: unreasonable incurred costs could reduce overall budget

Published on 29 January 2015. By Victoria Sugden, Senior Associate

The recent Judgment of Steven Redfern v Corby Borough Council [2014] EWHC 4526 (QB) is one of the first reported appeals against a decision by a Master in relation to a Costs Management Order.

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LEO's future to include Third Party complaints

Published on 26 January 2015. By Sally Lord, Associate

The Office for Legal Complaints board meeting before Christmas revealed that there is potential for redress for third parties as long as complaints could be 'clearly and tightly defined'. Currently, the Legal Ombudsman will only consider complaints made by a firm's direct client.

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Compareasolicitor.com: Simples?

Published on 26 January 2015. By Sally Lord, Associate

The SRA has announced that soon law firms may be featuring on comparison websites. The SRA is currently collating information about law firms for use on such websites.

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SFO makes first use of Bribery Act in prosecution for fraudulent UCIS

Published on 11 December 2014. By George Smith, Senior Associate

The SFO's recent prosecution in relation to a fraudulent UCIS ...

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Saved by the Cap: Third Party Costs Order

Published on 04 December 2014. By Tim Bull, Partner

On 30 June 2014 judgment was handed down by Mrs Justice Rose in Swynson Limited v Lowick Rose LLP (in liquidation)[2014] EWHC 2085 (Ch).

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Proposed reduction in solicitors' PII cover rejected

27 November 2014

The Legal Services Board has today refused the Solicitors Regulation Authority's proposed reduction in the minimum level of professional indemnity insurance cover from the current level of £2m to £500,000.

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Blog

"Time's up" – limitation for a claim against a valuer

Published on 17 November 2014. By Alexandra Anderson, Partner

In a decision handed down last week, the court has provided further guidance on the limitation position for claims against surveyors.

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Blog

Financial Services: Minimising Risk in a Dawn of Opportunity

Published on 13 November 2014. By Simon Laird, Global Head of Insurance

The Treasury provided an unexpected opportunity for financial advisers earlier this year when they announced that, from April 2015, investors may be able to unlock their pension funds and exercise greater control over investing their hard earned wealth.

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