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05 February 2021
Issue: 7919 / Categories: Legal News , Profession , Legal services
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NLJ this week: Guideline hourly rates

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The much-anticipated consultation on potential changes to Guideline Hourly Rates runs until the end of March 2021.

Writing in NLJ this week, in the first of a three-part series, Stewarts partner and chair of the Forum of Complex Injury Solicitors, Julian Chamberlayne casts a critical eye on the Civil Justice Council report, the circumstances surrounding it and its methodology.

He writes that the fact Grade D rates outside London 1 have risen only modestly ‘perhaps illustrates the suspicion that assessed rates are some way out of line with the real market rates that litigants pay’.

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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