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Good financial news

26 February 2009
Categories: Legal News , Legal services , Banking , Commercial
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Client accounts managed by solicitors will be guaranteed up to £50,000 per person, per bank.

Client accounts managed by solicitors will be guaranteed up to £50,000 per person, per bank. The Law Society sought clarification of the issue after fielding calls from concerned solicitors, and is now lobbying the Financial Services Authority to raise the amount that can be guaranteed.

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NEWS
One in five in-house lawyers suffer ‘high’ or ‘severe’ work-related stress, according to a report by global legal body, the Association of Corporate Counsel (ACC)
The Legal Ombudsman’s (LeO’s) plea for a budget increase has been rejected by the Law Society and accepted only ‘with reluctance’ by conveyancers
Overcrowded prisons, mental health hospitals and immigration centres are failing to meet international and domestic human rights standards, the National Preventive Mechanism (NPM) has warned
Two speedier and more streamlined qualification routes have been launched for probate and conveyancing professionals
Workplace stress was a contributing factor in almost one in eight cases before the employment tribunal last year, indicating its endemic grip on the UK workplace
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