The Practical Lawyer

Home
About
CPD
Subscribe
Contact
Professional

Lateral hires – confidentiality risks

Usually, a firm will carry out conflict of interest checks when hiring a senior lawyer or partner from another firm. But, the suggestion is now being made that such checks should also be made with more junior staff (eg newly qualifieds).
Subscribers only...
 

Crowdfunding – CrowdJustice

There are two types of crowdfunding. On the one hand, you can have an equity-based system whereby funders get a financial return if the case succeeds (a model that is popular in the US). On the other hand, there are straightforward donation-based funders (‘pure funders’) who do not get a financial return. Crowdfunding is the modern variation of this, where individual donors make a small contribution, typically as ‘pure funders’.
Subscribers only...
 

Practice valuation – realism

There are some 10,000 law firms that contain four partners or fewer. The average age of an equity partner will be 63. An article in the SJ argues that many still have totally unrealistic expectations of the value of their practices.
Subscribers only...
 

Professional – update

US firm Milbank now pays its first-year newly qualifieds £124,000 (a move that has been copied by several other US firms in London). Freshfields and Clifford Chance pay their newly qualifieds £85,000, while Linklaters pays £81,000). [2016] LSG 13 June 3. Needless to say at the other end of the spectrum, there are job ads for housing solicitors at £27,000pa.
Subscribers only...
 

Solicitor’s file – who owns what?

If the client asks for ‘the file’, what do you have to hand over? The answer depends solely on the concept of ownership – you hand over documents that actually belong to the client, and retain those that belong to you.
Subscribers only...
 

PII – aggregation

The CA has given relatively unhelpful guidance on the interpretation of aggregation clauses within PII minimum terms and conditions.
Subscribers only...
 

Fee compromise – wide release clause

There has been a very interesting decision involving an agreement between a firm of solicitors and its former client over unpaid fees, with the terms of the compromise settlement then prohibiting the client (and associated company) from suing for negligence over the claim that was being handled. There are lessons in it for all solicitors.
Subscribers only...
 

PII – disclosure obligations

The minimum terms and conditions of PII cover are being changed to bring them in line with Insurance Act 2015. The result will be a higher standard of disclosure imposed on solicitors.
Subscribers only...
 

Moves – anti-poaching

The sudden loss of a profitable team can be a devastating blow to any practice. That is why most partnership agreements contain provisions designed to deter such movement. But, it can be difficult to find the right balance. Some suggestions are:
Subscribers only...
 

SDT – Principle 1

There have been concerns raised about the way in which the Solicitors Disciplinary Tribunal has been interpreting Principle 1: ‘you must uphold the rule of law and the proper administration of justice’.
Subscribers only...
 


Page 6 of 32

Most-read articles

Privacy policy
Friday, 07 September 2018
The Practical Lawyer and its registered parent company, Legalease Ltd, are committed to protecting and respecting your privacy in accordance with the law.This page sets out Legalease’s privacy... Read more...

Could you write for The Practical Lawyer?

We are looking for help! If you can write in a practical, easy style, about a range of legal topics then please email a short CV to john.pritchard@legalease.co.uk

Resources

IAG International
www.totallylegal.com
In House Lawyer
Join the IBA now!
MSI Global Alliance