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07 August 2008 / Andrew Keogh
Issue: 7333 / Categories: Features
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Crime brief

Proceeds of crime

Revenue and Customs Prosecutions Office v Allad [2008] EWCA Crim 1741, [2008] All ER (D) 407 (Jul)

The defendant had monies on account totalling £5,000. A restraint order was made against their client’s assets and the question arose as to whether or not the defendant was entitled to the £5,000 on account of the fact that at the time the restraint order was made their fees were already in excess of that amount. It was held that the defendant was entitled to the monies.

If the monies had not been held on account of costs in client account the situation would have been different and the defendant would simply have become a creditor. It is a reminder to all solicitors to ensure monies are obtained on account, but that does raise problems for some firms who do not have a client account (common for criminal firms), those firms therefore do this type of work at great risk.
 

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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