The Legal Ombudsman will begin accepting complaints about claims management companies in January but has warned that a “relative lack of information about the nature of demand” may be a “specific risk”, in its draft strategy and budget consultation for 2015/2017. Its current forecast for the work is an extra 3,000 cases. The Ombudsman will also begin regulating accountants registered for probate work in January. The Institute of Chartered Accountants in England and Wales was given new powers to regulate alternative business structures this year.
04 December 2014
Legal Ombudsman's draft strategy & budget consultation
MOVERS & SHAKERS
Signature Litigation—Catherine Naylor
International fraud and asset recovery offering boosted by partner hire
Stevens & Bolton—Alexa Payet
Private wealth disputes team adds contentious probate specialist
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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