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04 June 2009 / John Stacey-hibbert
Issue: 7372 / Categories: Features , Profession , Employment
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Qualified success

John Stacey-Hibbert believes staff are a firm's second greatest asset

Everyone knows that the greatest asset any law firm has is its clients. Client care therefore is, or should be, high on the business agenda. What, though, is a firm's second greatest asset? Arguably it is its staff. Without staff clients cannot be serviced and therefore the major asset is lost. However, investing and training in non-fee earners has never been high on the agenda of many law firms.

Efficiency

It is now some 12 years since the Research and Policy Planning Unit of The Law Society published its Research Study No 23—Paralegal Staff in Solicitors' Firms (which also covered legal secretaries as well as paralegal staff ) which concluded that paralegals can make a great contribution to the efficiency of solicitors' firms by helping to increase the efficiency of the legal profession and thereby command the confidence of its clients.

It is fair to say that, as a whole, the legal profession has not taken the conclusions of this report to heart, either

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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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