The Law Society and Vice President, David Greene, is denying in today's Times that the Practice Note on NDAs was watered down during its formulation. I have strong reasons to doubt that. They also claim, "Developing guidance requires input and learning from those who have been actively involved in the relevant area of law." These … Continue reading NDAs. The Law Society. Are they telling the truth?
Trevor Clark Following a consultation it launched in January of this year, the Financial Conduct Authority (FCA) has decided to exclude the Head of Legal of all of the banks, insurance companies and other financial institutions that it supervises from Senior Manager accountability under the Senior Managers & Certification Regime (SMR). You can access the … Continue reading GCs To Be Excluded from SMR : Unsurprising but Worrying
The SRA has put great store in the reliability of the assessment mechanisms for the SQE. So it was with interest, that I read the two reports on their Stage 1 pilot. Relative to many academic colleagues and practitioners, I am not particularly sceptical of MCTs, willing to be persuaded they can be more sophisticated … Continue reading SQE tests show openness, reliability and fairness concerns.
The Legal Services Consumer Panel (LSCP) commissions an annual snapshot of lay users of legal services. Interestingly, but not illegitimately, its dominant focus is competition, not service or access. One finding from this year's LSCP Tracker survey is a reminder that we need to be careful when thinking about surveys in asymmetric markets. Consumers rate … Continue reading Consumer Tracker Survey: Don’t Compare.Com
Richard Moorhead, Alan Brener, Paul Gilbert, Steven Vaughan and I have written a paper in which we make a series of suggestions as to how in-house lawyers (IHLs) can work more closely with the non-executive directors (NEDs) in large business organisations. Our draft guidelines, which are drawn from a wide variety of professional and academic … Continue reading A Framework for In-House Lawyers to Work More Closely with Non-Executives: Tell Us What You Think
It’s Pride Month. A time for celebration (on which note: go watch Todrick Hall’s ‘Nail Hair Hips Heels’ video if you have not already done so; it will bring you joy). This year I’ve (very kindly) had a couple of invites to Pride events at City law firms from the organisers of the LGBT+ networks … Continue reading Law Firm Pride. Or, why it might look like law firms prefer gay lawyers to women lawyers
There's a great piece on Kirkland Ellis in the FT (£). It portrays a firm of scrappy outsiders, highly financialised, recruiting young lawyers on the promise of high remuneration and - interestingly- high levels of autonomy. A former partner describes the Kirkland deal thus: “They say, ‘here’s an office, here are your phones, hire who you … Continue reading Business Driven Outsiders and the Challenge to Ethics