How to Find Solicitors in Sevenoaks
As the economy sputters along and the ‘green shoots’ of growth remain just that, many legal firms are struggling to stay afloat, let alone grow. Even for those finding opportunities to expand, the persistent issue of cash management remains a constant challenge and irrespective of your trading position, it remains less than ideal if you are having to rely on external funding, or indeed seek the permission of the external funders, to execute key business decisions.
Journalists are far too willing to bandy the term ‘crisis’ around, using it to label everything from a few cancelled trains to an Arsenal defeat. But how else to describe the impending financial troubles about to hit the legal profession?
I say profession quite deliberately. So far you may have run your firm in profit: you may have adapted for the changes to personal injury and legal aid; you may have avoided signing sky-high tenancy agreements at the height of the boom; you may have seen off the increased competition from new entrants to the market.
Solicitors are to be allowed to refer clients onto any financial adviser, regardless of whether they are independent or not.
The Solicitors Regulation Authority is set this week to relax the rule insisting lawyers’ clients can be referred only to independent advisers.
Instead, solicitors will be permitted to send legal services consumers to advisers who may be tied into offering a particular financial product.
Independent advisers condemned the decision as putting solicitors in danger of mis-selling claims.
Stacking the costs cards in favour of the prosecution is not fair, and a review of the system is needed
The Lawyer – Opinion
The Ministry of Justice is blighted by poor financial management and a lack of expertise for drawing up outsourcing contracts, a select committee states today.
A report by the Justice Select Committee says while improvements had been made in structure in the five years since the MoJ was formed, this is marred by the poor performance of the Legal Services Commission (LSC). Missing the deadline for submitting departmental accounts for the past three years was ‘unacceptable’ and gave the impression of poor financial controls, the report says.
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