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07 July 2023
Issue: 8032 / Categories: Legal News , Profession , Legal aid focus
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NLJ this week: Rich lawyer, poor lawyer—do some lawyers charge too much?

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Some lawyers earn millions. Others struggle to get by on modest incomes. In this week’s NLJ, Sir Geoffrey Bindman KC takes issue with this imbalance of riches.

‘It has harmful consequences,’ Bindman writes. ‘The starvation of legal aid and the underfunding of the courts and their administration undermines the rule of law and the citizen’s fundamental right of equal access to justice.’

The imbalance complicates litigation costs, spinning off a whole separate sector of specialist expertise. It has been the subject of judicial concern. And no doubt clients have a view too.

Bindman explores why some lawyers bill such hefty sums, and whether they charge too much. He asks whether Michael Gove’s suggestion of a levy on City firms to help pay for legal aid should be revisited: maybe it’s time to share the proceeds? After all, high-rolling lawyers derive their status from the integrity of the profession as a whole, and without the input of the legal aid and social justice lawyer, there would be less integrity on which to base their lucrative fee. 

Read more from Bindman here.

Issue: 8032 / Categories: Legal News , Profession , Legal aid focus
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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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