Law unto itself

Article Abstract:

UK law firms are regulated by the Office for the Supervision of Solicitors (OSS) which is the new name for the Solicitors Complaints Bureau (SCB). The SCB had been criticized for taking a long time to handle complaints and there were doubts over its independence. The OSS will be divided between an office that polices solicitors and one that deals with complaints. This reorganization affects solicitors who deal with investment advice, and investors are not likely to see a rapid change in the quality of the complaints service.

Investment advice, Investment Advisory Services, Laws, regulations and rules, Investment advisers

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Mergers offer insurance growth

Article Abstract:

Law firms from Manchester, England, face competition from insurers with in-house teams, but the insurance industry also offers opportunities for law firms. The trend toward in-house lawyers represents vertical integration, and outside specialists may be able to provide a better service. Law firms can win the trust of insurers and this can lead to authority being delegated by insurers. Insurance law looks healthy in Manchester, and is likely to see further growth.

Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Insurance industry

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Lawyers go public

Article Abstract:

Law firms in Manchester, England, have been able to attract public sector work, and this could account for some 10% of the commercial fee market in the city. The public sector is reliable about bill payment though it may not be especially generous. Public sector clients have become more prepared to pay market rates and price has become less important than appropriate products. They are also likely to return to law firms that have served them well in the past.

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