The Financial Services Compensation Scheme (FSCS), the UK’s statutory compensation scheme for customers of authorised financial services firms, is currently undergoing a tender process to create its first-ever legal panel. The FSCS, which is funded by levies authorised by the Prudential Regulation Authority and the Financial Conduct Authority, handles the majority of claims in-house, but …
Senior figures provide personal perspectives on a changing industry for our 250th edition Working with Salz ‘I worked for Anthony as an associate. In order of descending seniority, Phil Richards, me and Will Lawes were his “bag carriers”. It was an exciting time. During the 1980s our M&A team were the new kids on the …
Continue reading “The Last Word – Reflections and looking ahead”
Clifford Chance (CC) was a great place to be in the 1990s. Geoffrey Howe deserves a huge amount of credit. He instilled that we were on a journey everyone else was seeking to replicate. The car was travelling fast. The concept of delivering that globalisation was a very powerful thing. I didn’t have a plan …
Continue reading “Life During Law: Jason Glover, Simpson Thacher & Bartlett”
Rahul Batra of Hudson McKenzie details the changes. The written ministerial statement laid in the House of Commons on 16 October 2014 by James Brokenshire, Minister of State for Immigration and Security, and in the House of Lords by Lord Bates, outlined a number of changes to the UK Immigration Rules. Tier 1 (Investor) Category …
Continue reading “November sees introduction of new immigration rules”
Baker Tilly’s George Bull sets the scene for change. Visiting clients in Chicago a few years ago, I saw in bright lights the title of a show at one of the city’s theatres: The Male Intellect: an oxymoron? When I returned to the UK, my wife had only one question: ‘Why the question mark?’ So …
Continue reading “Innovation: a driving force in reshaping the legal sector”
Fox Rodney’s Adrian Fox analyses UK legal market trends. How have commercial dynamics in law firms changed? I was practising in the mid-1980s when law firm commercial dynamics really changed – the time of the Big Bang. I remember having a more than slightly heated discussion with a then senior partner of my firm about …
Frank Varela of V&P Global details the changing face of legal recruitment over the last 25 years. Legal Business is 25 years old and the legal recruitment market has played a significant part in its development and in its revenues. It has provided many of the headlines and inspired some of the stories that have …
Yigal Arnon’s Simon Weintraub and Ruth Loven report on the burgeoning Israeli market. The Israeli legal market has undergone a robust expansion in the last 25 years. In 1990 there were 10,697 lawyers registered with the Israel Bar Association. As of the beginning of 2014 there were 53,750 registered lawyers in Israel. Israel has the …
Continue reading “The Israeli legal market over the last 25 years – then and now”
After his Autumn Statement, which may be UK Chancellor of the Exchequer George Osborne’s last if the Conservative party fails to be elected in next year’s general election, tax practitioners across the City have been besieged by calls from funds managers and banks nervous about the government’s proposals while real estate lawyers are facing a …
Continue reading “Taxing times: Lawyers’ reactions to the Autumn Statement”
Stephenson Harwood has posted a 12% increase in turnover to £64m for the first half of the financial year 2014/15 compared to £57m in the same period in 2013, with the firm’s new Dubai office seeing a rise in revenues.
