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10 June 2020
Issue: 7890 / Categories: Legal News , Profession
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NLJ this week: Rethinking ethics

Current pandemic and financial woes make this a good time to rethink our approach to professional ethics, Russell-Cooke senior partner John Gould writes in this week’s NLJ

Gould asks: are current sanctions too harsh, and should firms share the responsibility for individual misconduct? He highlights recent controversy over the newly-qualified Capsticks solicitor struck off after losing a briefcase, panicking and trying to cover up her mistake.

‘Sometimes individual justice must give way to the public interest in deterrence,’ he writes.

‘Deterrence is, however, better served by the probability of detection than exemplary punishment for a very few. Would a solicitor be significantly less likely to risk an untruth to a colleague if the risk was, say, only suspension or some other published and painful sanction rather than the end of a career?’

@RussellCooke @newlawjournal

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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