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31 January 2014 / Alison Wright
Issue: 7592 / Categories: Legal News , Training & education , Profession
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Tomorrow’s world

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Alison Wright highlights the importance of equipping today’s lawyers for tomorrow’s legal & insurance scene

Commercial understanding and being able to speak financial language with clients are essential skills for the lawyers of today and tomorrow seeking to provide the best service. Looking to the future, insurance lawyers will be required to get involved with claims handling and policy drafting even earlier than before. The globalisation of legal services means that while legal knowledge underpins everything, we are also required to become commercial advisers. Legal education and training must evolve to meet these changing demands, with professional development training becoming flexible enough to adapt more frequently to ensure lawyers are not just up with the game but ahead of it.

An example of change

One of the major types of insurance in the world is motor; previously insurance was a small economy, motor has changed that completely. Today, we see increasing motor “cross border” claims whether it is British claimants in foreign countries or foreign drivers involved in accidents in the UK. Professional development

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MOVERS & SHAKERS

Walkers—Muriel Marseille

Walkers—Muriel Marseille

Ashurst's Chief Risk Officer joins Walkers

Excello Law—John Osborne

Excello Law—John Osborne

Northern family lawyer John Osborne joins Excello

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

Trio of promotions announced at Kidderminster law firm mfg Solicitors

NEWS
A sole director can conspire with their own company for the purposes of the tort of unlawful means conspiracy, the High Court has ruled in a judgment with potentially wide implications for business disputes
The Court of Appeal has reinforced that domicile depends on intention rather than residence alone, in a significant post-Brexit ruling on cross-border financial remedy claims
The Chancery Division's long history comes to an end this autumn as it is reborn as the Business and Property Division, prompting questions over whether the shake-up is really necessary
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
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