Law firms should ensure they have a proper exit strategy, the Solicitors Regulation Authority (SRA) has said, following a spate of Solicitors Disciplinary Tribunal hearings in which firms failed to follow the correct process for closure. Five solicitors were fined for not closing properly. Gordon Ramsay, SRA director for legal and enforcement, says: “This is not an issue about affording run-off cover or finding a successor practice, which we know can often be a problem for those looking to close down. It is about ensuring the interests of clients and others are fully protected.”
28 May 2015
Law firms should have exit strategy
MOVERS & SHAKERS
Boodle Hatfield—Tom McLaughlin
Boodle Hatfield welcomes new employment partner, Tom McLaughlin
Arc Pensions Law—Victoria Thompson-Hill, Jonathan Mason & Georgi Ivanov
National specialist pensions law firm strengthens team with three new appointments
Jurit—Christian Abletshauser
Jurit appoints Christian Abletshauser to lead family law practice
NEWS
Burges Salmon appoints Benn Richards to strengthen Contentious Insolvency offering
A High Court decision has clarified that a home may be unfit for human habitation not only where conditions endanger health or safety, but also where they seriously undermine comfort and convenience
A longer time limit for employment tribunal claims, new charity law thresholds, property tribunal recruitment and appellate guidance on small-claims costs feature in the latest Civil Way round-up
A recent High Court ruling could make issue estoppel considerably more complex in cross-border litigation, requiring parties to consider the foreign law governing the underlying claim
The Supreme Court has overturned Cheshire West’s bright-line test for deprivation of liberty, replacing it with a broader, more contextual assessment that gives greater weight to an individual’s wishes, feelings and apparent consent
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