New and existing law firms can now apply to ILEX Professional Standards (IPS) for authorisation as a legal business. Nearly 50 prospective businesses to be run by CILEx members have expressed interest, as well as several enquiries from existing regulated legal firms as to whether they can switch to IPS as a regulator, including from multi-partner firms. This is the first time law firms across the full range of legal services can choose their regulator, and the first time chartered legal executives can establish their own regulated businesses.
22 January 2015
Fancy switching regulators?
MOVERS & SHAKERS
Walkers—Muriel Marseille
Ashurst's Chief Risk Officer joins Walkers
Excello Law—John Osborne
Northern family lawyer John Osborne joins Excello
mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths
Trio of promotions announced at Kidderminster law firm mfg Solicitors
NEWS
A sole director can conspire with their own company for the purposes of the tort of unlawful means conspiracy, the High Court has ruled in a judgment with potentially wide implications for business disputes
The Court of Appeal has reinforced that domicile depends on intention rather than residence alone, in a significant post-Brexit ruling on cross-border financial remedy claims
The Chancery Division's long history comes to an end this autumn as it is reborn as the Business and Property Division, prompting questions over whether the shake-up is really necessary
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
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