Although it may have exercised his mind while he languishes in a Frankfurt prison, one thing that Nick Leeson probably gave little thought to before February 1995 was the flood of paper which he would unleash from regulators and trade associations on the subject of derivatives regulation. The Securities and Investments Board (the senior UK […]
Liability for damage by juvenile offenders Bedfordshire County Council v Director of Public Prosecutions (1995). DC (Stuart-Smith LJ and Butterfield J) 31/7/95. Summary: A local authority must be found to be at fault before compensation can be awarded against it for damage done by young persons in its care. Council’s appeal against dismissal of its […]
GLOBAL leader Baker & McKenzie will establish a presence in India by the close of the year if current hostility surrounding foreign movement into the country eases. The plan, which has already seen the firm shopping for Indian lawyers, is one of several issues set to be raised at the annual partnership meeting in Chicago […]
A PRIVATE law college embroiled in a court bid to have it wound up claims it has settled its debts. An application by Prudential Property Services to have London-based Regent School of Law compulsorily wound up was adjourned at the High Court last week. Counsel for Prudential applied for the adjournment after claiming the tutorial […]
Solicitor Hilda Amoo-Gottfried has been granted leave for judicial review of a decision by a Legal Aid Board London area committee banning her from the South London duty solicitor scheme. London number one committee’s decision in April 1993 was countermanded by a direction to reinstate her from the board’s national committee in April 1995. The […]
A well-known, global accountancy firm is reckoned to spend six per cent of its turnover on training. An Australian law firm, Blake Dawson Waldron, spends seven per cent of its professional payroll costs on training. This firm’s direct expenditure on training amounted to one per cent of turnover in the 1994-95 financial year, or about […]
Nicole Mayley THE AMERICAN Bar Association must amend its standards of law school accreditation to recognise the importance of skills training, a new report claims. But the study says the ABA’s involvement in the accreditation system should continue, after a year-long commission of the section of Legal Education and Admissions to the Bar found there […]
RICHARD LAWRENCE BRADY, 45, admitted 1976, practised as Richard L Brady & Co, West Drayton, Middlesex, struck off. Allegations substantiated he had been convicted of criminal offence and served jail sentence. Tribunal was told Brady had been jailed for four months after pleading guilty at Southwark Crown Court on 12 December, to procuring execution of […]
A Kent conveyancing specialist has met with 10 local firms in a bid to create a regional company capable of winning the price war. Brian Marson, of Marsons, wants to take advantage of computer technology and economies of scale to set up a powerful company with a string of franchised offices offering conveyancing alongside other […]
The environmental law and resource centre Earthrights has issued a compensation claim to the Motor Insurers Bureau on behalf of an asthma sufferer who was confined to her bed for two days after an asthma attack triggered by smog. The bureau handles compensation claims on behalf of untraceable drivers and Londoner Brendalyn Fougeras-Lavergnolle is blaming […]
Herbert Smith has won further business in the electricity industry, after tendering to advise the public sector company due to be set up to run the 11 Magnox power stations. The Magnox company will be folded out of Nuclear Electric, which is forming a holding company with the smaller Scottish Nuclear in readiness for privatisation. […]
THE LAW Society is suing accountants KPMG for more than £8.5 million over a catalogue of alleged breaches of duty and negligence in its auditing of law firm Durnford Ford’s accounts. The society alleges the accountants failed to spot hundreds of anomalous financial transactions resulting from the theft of money from clients. KPMG rejects the […]