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25 January 2007 / Desmond Hudson , Desmond Hudson
Issue: 7257 / Categories: Features , Profession
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Grasping the nettle

Des Hudson explains why firms need to meet the challenge of modern client expectations head on

It is always difficult to spot seminal points of change when embroiled in them, and generally it’s best to avoid forecasts. That said, 2007 is likely to prove to be one of the most important years in recent history for our profession and for the Law Society—primarily because the Legal Services Bill will complete its passage through Parliament.

By the end of this month the Solicitors Regulatory Authority (SRA) and the Legal Complaints Service (LCS) will have been launched. This is an important step on the road to modernising the profession. The SRA will deal with all regulatory and disciplinary matters, and set, monitor and enforce standards for solicitors. Formerly known as the Law Society Regulation Board, it acts solely in the public interest. The LCS is for members of the public wishing to make a complaint about solicitors. This independent and impartial body will work with solicitors to resolve any issues quickly and efficiently, before the

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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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