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NLJ this week: How solicitors can protect themselves during a recession

25 November 2022
Issue: 8004 / Categories: Legal News , Risk management , Profession , Legal services
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With economic storm clouds brewing, lawyers need to identify where they are exposed and how best to mitigate any weak spots. 

DAC Beachcroft partners Clare Hughes-Williams and Patrick Hill, writing in this week’s NLJ outline some of the difficulties typically encountered by law firms during a recession and advise on potential safeguards.

Hughes-Williams and Hill look at the need for strong financial governance (particularly in the wake of the collapse of Hodders Solicitors in September) and also warn of the possibility of ‘another round of claims by mortgage lenders, as we have seen during the last two recessions’. Equity release claims, which solicitors should treat with caution due to the potential risk of abuse, are reportedly on the rise again. Finally, the authors give advice on what to do in the event of cyber and ransomware attacks. 

See the full article here.

MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS
In this week's NLJ, Steven Ball of Red Lion Chambers unpacks how advances in forensic science finally unmasked Ryland Headley, jailed in 2025 for the 1967 rape and murder of 75-year-old Louisa Dunne. Preserved swabs and palm prints lay dormant for decades until DNA-17 profiling produced a billion-to-one match
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
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