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09 June 2023
Issue: 8028 / Categories: Legal News , Profession , Regulatory , Legal services , Professional negligence
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NLJ this week: Lawyers’ nightmares—what to do when you make a mistake

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When you make a mistake when advising a client, what should you do? In this week’s NLJ, John Gould, senior partner at Russell-Cooke, explains why ‘sorry’ may be the hardest word, but not saying it could cost you lots of money.

Gould writes: ‘A lawyer who realises that they may have been negligent needs to be very careful about what they do next. Relying on ‘common sense’ could turn possible negligence into professional misconduct, a breach of fiduciary duties, or even a new basis for a claim where none existed before.’

Fortunately, Gould shares his expertise on what to do in a range of situations, and what key duties to consider, including when to advise the client to obtain independent legal advice.

For the full article, see here.

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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