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13 February 2015
Issue: 7640 / Categories: Features , Property
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Don’t let 2015 be a washout!

futureclimateinfo

Last winter, the UK witnessed an unprecedented pattern of intense storms, delivering the worst period of rainfall for 248 years. This resulted in serious and devastating damage to properties and infrastructure across the country.

As our climate continues to change, there is a real risk of last year’s weather catastrophe repeating itself. Of the 5.2m properties in the UK currently at risk of flooding, the Department for Environment, Food & Rural Affairs estimates that 1.4m of these are at risk from flooding by rivers or the sea, and with sea levels predicted to rise again by 11-16cm in the coming years, the outlook for these properties is bleak.

The government’s Autumn Statement delivered the welcome news of a £2.3bn cash injection into restoring and enhancing the network of flood defences across the UK. This six-year programme is targeting the most at-risk locations. In addition, Flood Re is being introduced to assist homeowners with accessing affordable flood insurance. However, Flood Re is only designed to last for 25 years and is a transitional arrangement

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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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