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16 September 2022
Issue: 7994 / Categories: Legal News , Profession
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NLJ this week: High-rollers, high principles? Rich lawyer ethics

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Lawyers are getting richer as well as poorer, with huge profits at City firms, writes NLJ columnist Geoffrey Bindman KC, in this week’s issue

But at the same time, ‘dirty money’ is flooding into the City, so how can we be sure stringent ethical standards are being adhered to at all times?

He writes: ‘Lawyers are not responsible for the ethics of their clients but they play a part, wittingly or unwittingly, in the use made by their advice.’

Moreover, he asks, is it time to revisit former Lord Chancellor Michael Gove’s suggestion of a levy on the highest earning lawyers to boost legal aid? See p7.
Issue: 7994 / Categories: Legal News , Profession
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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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