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Pulse UK
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November 19, 2024
Walker Morris Posts 89% NQ Retention Rate As Pay Increases
Walker Morris LLP said Tuesday that it has retained approximately 90% of its newly qualified solicitors in 2024, adding it has increased their salaries to £65,000 ($83,000) as compensation for junior lawyers continues to tick upward.
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November 18, 2024
Magistrate Removed For Not Hearing Cases
A magistrate has been removed from his post after he inexplicably failed to meet minimum requirements on training and the amount of time he was required to spend in court, the Judicial Conduct Investigations Office said Monday.
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November 18, 2024
Pinsent Masons Launches AI Tool, Hires Transformation Head
Pinsent Masons LLP on Monday expanded its artificial intelligence offerings and the firm's ability to deliver services to customers, announcing the launch of an AI-backed anti-money laundering tool and the addition of a transformation director with experience at Barclays.
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November 18, 2024
SRA Urges In-House Counsel To Flag Wrongdoing
The Solicitors Regulation Authority on Monday published new guidelines imploring in-house solicitors to report wrongdoing in their organizations following the Post Office Horizon scandal.
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November 18, 2024
Fletchers Hits £100M Turnover Amid Personal Injury Boost
Fletchers Group said on Monday that it will continue to expand after its turnover hit the £100 million ($126.4 million) mark and revenues and profits soared by double digits in its latest financial results.
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November 19, 2024
CORRECTED: Seller Sues Property Developer For Trust Funds
A property owner and his trustees have alleged that a home developer owes them more than £500,000 ($632,000) after the sale of a property, claiming the business tried to take advantage of an "obvious" drafting error to pay them less. Correction: A previous version of this article misstated Mishcon de Reya's role in the case. This has been corrected.
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November 15, 2024
Sidhu's Power Held Woman In Hotel Room, She Testifies
A woman who has accused former Criminal Bar Association Chair Jo Sidhu KC of sexual misconduct told a disciplinary tribunal Friday that the barrister's seniority and influence stopped her from leaving a hotel room where she alleged that he touched her.
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November 15, 2024
Solicitor Accused Of Misappropriating Client's Compensation
A lawyer has been referred to a disciplinary tribunal over allegations that he misappropriated a compensation payment to a client and that he made false statements to the Solicitors Regulation Authority during an investigation.
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November 15, 2024
US Firms Poised To Continue To Set Pace In UK Salary War
As big firms continue to push salaries for young lawyers in London seemingly ever higher, recruiters and other legal industry players have warned that the U.S. firms are likely to continue to set the pace — even if rapidly advancing artificial intelligence could be set to disrupt the market.
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November 15, 2024
Pulse UK's 2024 NQ And Trainee Salary Tracker
UPDATED 3 December 2024 | As U.S. firms head into their annual salary review process for 2025, they continue to set the pace for surging rates for newly-qualified solicitors in London where even Magic Circle firms that had tried to hold remuneration steady have been forced to bump starting pay up to £150,000.
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November 15, 2024
Voir Dire: Law360 Pulse's Weekly Quiz
This was another action-packed week for the legal industry as President-elect Donald Trump announced key appointments and Milbank kicked off BigLaw bonus season. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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November 15, 2024
Lawyer Can't Stop SRA From Pursuing Him For Legal Costs
A solicitor has lost the latest round of a long-standing battle with the Solicitors Regulation Authority, as a court found on Friday that he made his bid to escape a charge over his assets brought by the regulator too late.
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November 15, 2024
Pillsbury Hires New Disputes Partner From Taylor Wessing
Pillsbury Winthrop Shaw Pittman LLP has hired a new partner from Taylor Wessing LLP to its London disputes practice, bringing in a lawyer with more than two decades of experience in the technology and life sciences sectors as the firm expands its international reach.
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November 15, 2024
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Ocado file an intellectual property claim against an African fruit and vegetable importer, a claim filed against a Swiss bank founded by Indian billionaire Srichand Parmanand Hinduja and 300 individuals sue travel company TUI. Here, Law360 looks at these and other new claims in the U.K.
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November 15, 2024
LSB Seeks Feedback On New Economic Crime Guidance
The Legal Services Board on Friday called for feedback on draft guidance designed to help regulators tackle money laundering, fraud and sanctions evasion as the government continues to crack down on economic crime.
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November 15, 2024
Ex-Freshfields Partner Suspended Over Inappropriate Conduct
A former partner with Freshfields will face a two-year suspension and a costs bill of £66,000 ($83,500), the profession's disciplinary tribunal has ruled after finding that he had engaged in "inappropriate and unwanted conduct" while employed at the firm.
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November 15, 2024
Legal Sector Income Rose 7% In September, Gov't Data Shows
The U.K. legal industry outperformed the wider services sector in September as revenue hit £4.3 billion ($5.4 billion), data from the government's official statistics agency revealed on Friday.
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November 14, 2024
Proskauer Taps Ex-Creative Artists Agency CFO As New COO
Proskauer Rose LLP announced Thursday that it has hired the former chief financial officer from Creative Artists Agency as its chief operating officer to oversee the firm's operations and 800 business services professionals.
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November 14, 2024
GCs Brace For Rising Costs From Clean Energy Disputes
A new survey of 300 general counsel and top in-house lawyers shows they are already dealing with disputes stemming from the global shift toward clean energy, with many respondents anticipating litigation and arbitration costs will rise in coming years.
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November 14, 2024
Gowling Taps Norton Rose Innovation Head To Lead AI Efforts
Gowling WLG said Wednesday that it has tapped the former director of strategic innovation and legal design at Norton Rose Fulbright to lead its efforts around the use of artificial intelligence.
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November 14, 2024
Barrister Group Floats New Arbitration Venue With ADR Biz
The Barrister Group has teamed up with an alternative dispute resolution specialist to launch a new U.K. arbitration venue with a tech-driven approach.
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November 21, 2024
Ex-Gibson Dunn Disputes Pro To Move Into In-House Role
Marsh McLennan has hired a dispute resolution partner from Gibson Dunn & Crutcher LLP in London as a general counsel for two of its consulting businesses, the firm said Thursday.
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November 14, 2024
Cravath Names 7 New Partners In London, New York
Cravath Swaine & Moore LLP has elected seven new partners from its London and New York offices to add to the senior ranks of the firm.
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November 14, 2024
DLA Piper Names Leeds Chief As UK Managing Partner
DLA Piper said Thursday that the head of its office in Leeds will become managing partner of the firm in the U.K. as it looks to continue growing the business.
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November 14, 2024
SRA To Reassess If Solicitors Should Hold Clients' Money
The Solicitors Regulation Authority forged ahead Thursday with plans to reassess whether solicitors should continue to hold their clients' money, following the disappearance of nearly £65 million ($83 million) from Axiom Ince Ltd.
Expert Analysis
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Reflecting On The Benefits Of Direct Access To Barristers
At close to 20 years since public access to barristers came into being, it is a good time to take a look at its impact on the U.K. legal profession and the more collaborative approach between barristers and solicitors we have seen develop since its introduction, say Amani Mohammed and Sean Gould at Westgate Chambers.
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How Apprenticeships Are Transforming The Legal Sector
As more legal employers recognize the benefits of creating apprenticeship opportunities, they are likely to grow in popularity, ensuring that the best and brightest minds are available to meet the challenges of an ever complex and changing legal environment, says Aisha Saeed at Addleshaw Goddard.
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Pitfalls Lawyers Should Avoid When Correcting Their Mistakes
When solicitors make mistakes that cause prejudice to their clients, they will need to carefully consider whether they should try to fix their mistake, as trying to put things right may expose them to potential regulatory action, says Andrew Pavlovic at CM Murray.
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Translating The Plan For English-Language German Courts
The German Ministry of Justice is aiming to do away with the mistakes of the past and overhaul the German civil procedure in order to accommodate English-language disputes, but the success of these proceedings will depend very much on factors that the proposal does not address, say Jan Schaefer and Rüdiger Morbach at King & Spalding.
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A Breakdown Of The SRA's Proposed New Fining Powers
Thanks to the Solicitors Regulation Authority's pending new fining framework, which includes guidance on unsuitable fines and a fixed penalties scheme for low-level breaches, firms can expect to see more disciplinary findings leading to an SRA fine rather than referral to the Solicitors Disciplinary Tribunal, say Graham Reid and Shanice Holder at RPC.
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Russian Bank Ruling Clarifies UK Sanctions Regime
The recent U.K. High Court judgment of PJSC National Bank Trust v. Mints, a case brought by two Russian banks, is significant in clarifying that the U.K. sanctions regime does not deprive designated persons of their fundamental common law right to bring a claim in an English court, despite their assets being frozen, says Zoe O’Sullivan KC at Serle Court.
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Preparing For EU's Pay Gap Reporting Directive
An agreement has been reached on the European Union Pay Transparency Directive, paving the way for gender pay gap reporting to become compulsory for many employers across Europe, introducing a more proactive approach than the similar U.K. regime and leading the way on new global standards for equal pay, say attorneys at Lewis Silkin.
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Has The Liberalization Of Legal Services Achieved Its Aims?
Although there is still some way to go, alternative business structures are now an increasingly prominent feature of the legal services landscape, and clients can expect greater choice, improved quality and more manageable costs, as was intended by this shake-up of the profession's regulatory frameworks 15 years ago, says Dana Denis-Smith at Obelisk Support.
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How Overseas Property Verification Poses Risks To Attorneys
The recently launched register of overseas entities, requiring verification of foreign owners hoping to purchase U.K. property, could expose attorneys to criminal prosecution, professional negligence claims and reputational damage if they do not complete these checks to the required standard, which nevertheless remains murky, says Harriet Holmes at Thirdfort.
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What To Expect From UK's New Economic Crime Bill
The Economic Crime and Corporate Transparency bill, if passed, will reform aspects of Companies House and strengthen government anti-money laundering efforts, but it is also raising questions about how new information sharing requirements will affect businesses, say attorneys at Signature Litigation.
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A Trusted Cybersecurity Framework Is Imperative For Lawyers
The recent increased risk of cyberattacks has a number of profound implications for law firms, and complying with government guidance by embedding a cyber-savvy culture and adhering to a security framework will enable lawyers to add extra layers of defense and present their clients with higher levels of protection, says Marion Stewart at Red Helix.
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Opinion
Law School Admissions Shouldn't Hinge On Test Scores
The American Bar Association recently granted law schools some latitude on which tests it can consider in admissions decisions, but its continued emphasis on test scores harms student diversity and is an obstacle to holistic admissions strategies, says Aaron Taylor at AccessLex.
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New FCA Listing Rules May Start Regulatory Shift On Diversity
Listed companies that fail to meet new Financial Conduct Authority rules for minimum executive board diversity currently risk reputational damage mainly through social scrutiny, but should prepare for potential regulatory enforcement actions, say attorneys at King & Spalding.
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What UK Professional Regulation Looks Like In A #MeToo Era
Two recent rulings from U.K. courts and tribunals reveal the increasingly shifting line between professional misbehavior and bad actions that would previously have been considered outside the scope of professional regulators, says Andrew Katzen at Hickman & Rose.
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How Immune Are State Agents From Foreign Courts?
The ongoing case of Basfar v. Wong is the latest to raise questions about the boundary between commercial or private activity and the exercise of sovereign authority that shields state agents from foreign judicial scrutiny — and the U.K. Supreme Court's upcoming decision in the matter will likely bring clarity on exceptions to the immunity doctrine, say Andrew Stafford QC and Oleg Shaulko at Kobre & Kim.