Discussion over scrapping the single professional indemnity insurance renewal date and consigning the assigned risks pool to history has reignited. LB reassesses the state of play In our report last year, it seemed that the debate over whether to move away from a single renewal date for law firms’ professional indemnity insurance (PII) had been …
Continue reading “Moving the Goalposts – Risk Management Survey Part 4”
With risk management teams struggling to cope with cost and time pressures, the move to outcomes-focused regulation is stretching resources to their limits, despite the best intentions of the SRA.
Despite the perceived threats brought about by regulatory changes and law firm collapses in 2010, our survey shows that the real risks are more prosaic.
2011 was always going to be a turbulent year, but the arrival of several new challenges has put risk teams under greater pressure than ever. There’s never been a more important – or perhaps a more stressful – time to be a risk manager at a law firm. Previous Legal Business and Marsh risk management …
Continue reading “Moving Targets – Risk Management Survey: Part 1”
From upwardly mobile US firms to national practices with ambitious City plans, we analyse the winners and losers of law firm property. It’s early February, ten days before Pinsent Masons moves in and the final touches are being made to the firm’s new London offices. Carpets are being fitted, a problem with the lift fixed …
From the fields of Anfield Road to the offices on Bunhill Row, the takeover of Liverpool Football Club was played out in the full glare of the courts and the press. Legal Business talks to the key legal players When John William Henry II descended the curving flight of stairs into the cool, inconspicuous client …
With litigation from the banking crisis now starting to filter through in Austria, most commentators believe that disputes work will be a firm feature of the legal market for the next few years. LB explores some of the biggest trends to emerge from the banking crisis There have been a few late nights at many …
Equity partners from a number of big Austrian firms have decided to go it alone, setting up boutiques over the past 12 months. Legal Business explores the impact these moves are having on the market. In the final days of last summer in downtown Vienna, a small law firm opened its doors for the first …
The Alternative Investment Fund Managers Directive, dreaded by the offshore world, has now been agreed. LB finds out why the offshore world’s law firms are still smiling After laboured negotiations and more than 30 drafts, the Alternative Investment Fund Managers (AIFM) Directive was finally approved by the EU parliament in November 2010. As the terms …
Trends in international commercial litigation were to the fore in the second Legal Business round table in conjunction with McCann FitzGerald. From the globalisation of disputes to rising levels of disclosure and tougher regulators there was plenty on the agenda There has arguably never been a better time to be a litigator. Although the much-anticipated …
