Archive for May, 2011

Culpable COLPs?

Sunday, May 29th, 2011 at 13:34

(thanks to toonpool.com) Following on from my previous post on general counsel and compliance officers, it’s worth reading Michelle Garlick’s post on what can happen to compliance officers when things go horribly wrong…as they will. In the case she describes a brokerage firm, ActivTrades plc, failed to put into place proper client money protection procedures. […]






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From Father Confessor to Compliance Officer

Tuesday, May 24th, 2011 at 17:45

  Risk management in law firms will soon be a tortuous task. At the 2nd Annual Law Firm General Counsel & Risk Management Forum today a group of law firm general counsel discussed their roles and how they thought they might change when the Solicitors’ Regulation Authority (SRA) new handbook rules come into play. The […]






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Time to Take Your Law Firm to Market?

Saturday, May 21st, 2011 at 15:48

(thanks to greentech media) Is it worth floating a law firm on the stock market? Peel Hunt, a broking house, thinks it can work. In a briefing note, it lays out the attractions and possible drawbacks. Some of the key points are a continuing need for legal services with a growing regulatory state–ie. more red […]






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Exactly Who Should Be Able to Claim Privilege?

Wednesday, May 18th, 2011 at 08:00

  When the Australian Minister for Financial Services refers to accountants and tax professionals as “the consiglieri of suburban prosperity”, you know a good argument is brewing. The argument is over who should be able to claim privilege over communications with clients and third parties. At the moment we recognize legal professional privilege. But for […]






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Win a Free LPC Course?

Tuesday, May 17th, 2011 at 15:06

Well, not a free one but an outfit called the National College of Legal Training (NCLT) is offering a £5000 discount on their Legal Practice Course and their Graduate Diploma in Law. Apparently, this is a competition run through Facebook. According the press release I received, the usual fee is £7,500 or thereabouts, so the […]






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