Issues

Row flares over retainer guidelines

LAW SOCIETY chiefs have fallen out with mortgage lenders over proposed new guidelines aimed at upgrading the legal services on home loans. The society’s council was told last week that moves to agree a joint “retainer” with the lenders had failed after continuous disagreement over the details. Keith Byass, of the society’s property and commercial […]

Eyeing up the competition

According to Neasa MacErlean, lawyers are demanding a quid pro quo for referring work to accountancy firms Solicitors are not generally all that enamoured of their accountants. The preliminary results of a survey of solicitors’ views, conducted by accountants Baker Tilly, are almost embarrassingly telling. Solicitors were asked to say what their accountants did best. […]

In brief: Legal Executives take the oath

From the end of the month Fellows of the Institute of Legal Executives will be able to act as Commissioners for Oaths after approval by the Lord Chancellor. The institute is also awaiting news on its application for extended rights of audience, which is currently under consideration by the Lord Chancellor’s Advisory Committee on Legal […]

Labour lawyer makes legal aid stand

A BARRISTER who was picked from an all-woman shortlist to fight a Parliamentary seat for Labour last week has called for legal aid to be extended to tribunals. Liz Davies, who will contest the Tory-held Leeds North-East seat, also wants eligibility for legal aid increased, and condemns restrictions on the right to silence. She says: […]

Financing

Berwin Leighton advised Brown & Jackson on its £30 million equity fund raising and the negotiation of a £21 million trade finance facility. The equity funding comprised offers by way of rights to shareholders and holders of warrants and a separate subscription of shares by Pepkor

Financing

The Brough Skerret Law Partnership advised Abtrust Asian Smaller Companies Investment Trust on its flotation and the placing of £35 million worth of shares. Herbert Smith advised the sponsors Panmure Gordon and Co.

Property

Birmingham firm Edge & Ellison is acting for Barberry House Properties in a £14 million construction project in Wednesbury for catalogue giant Index, part of the Littlewoods Organisation. The Black Country Development Corporation, advised by Eversheds, is giving £3 million in grant aid to the project. Liverpool firm Cuff Roberts acted on behalf of Index.

AER now on CD-ROM

Butterworths has launched the new fully-electronic CD-ROM version of the All England Law Reports. The CD-ROM will give instant access to every significant law report since 1936 on a screen which appears exactly as it does in the printed volumes. Lisa Taylor, marketing officer at Butterworths, said: “The response we have had from the legal […]

End to eleventh hour evidence

A new High Court ruling demonstrates that courts intend to implement the Woolf recommendations and will block last-minute moves to introduce new evidence into actions if they are likely to delay the trial. This tough stance comes from a patent action in the High Court’s Chancery Division where Mr Justice Jacob refused to admit last […]

Financing

Garrett & Co advised Independent Radio Group on its placing of 10 million ordinary shares to raise £10 million and admission of its share capital to the Alternative Investment Market.

No thanks to UK attorneys

I trust the Law Society will vigorously oppose the Guildford College of Law proposal to introduce the title of “attorney” for persons who do not qualify as barristers or solicitors but provide services as legal advisers or paralegals. To refer to “US-style attorneys” is misleading, since the title “attorney at law” originates in England. I […]

Financing

Ashurst Morris Crisp acted for the Electronics Boutique