• A reputation for professional excellence with integrity

    A reputation for professional excellence with integrity

  • Accurate understanding and technical analysis

    Accurate understanding and technical analysis

  • National and International Experience

    National and International Experience

  • 34 years in private legal practice

    34 years in private legal practice

  • A focus on events and consequences, not gossip

    A focus on events and consequences, not gossip

  • Helping lawyers, brokers, accountants, surveyors and other professions

    Helping lawyers, brokers, accountants, surveyors and other professions

  • There when you need him

    There when you need him

Industry News December 2017

19 Dec 17

There are now 140,000 certificated solicitors practising in England and Wales, 15,000 more than five years ago. Meanwhile productivity per lawyer has flatlined or fallen, and staff costs in large firms have risen from 35.7% to 38.5% of gross income.

Meanwhile the Law Society has published its Legal Services Sector Forecasts (2 November) to 2022 predicting that automation and Artificial Intelligence will remove 17000 jobs; and more may go in a downturn of property transactions. But Brexit, weaker pound and commercial climate should produce more work for law firms in other sectors.

Email scams, hackers and cyber risks remain a paramount concern. There have been further Law Society warnings, and the latest recent reported victim is London firm Anthony Gold Solicitors, in whose name some 16,000 emails were sent out last week asking recipients to open an ‘urgent’ attachment.

In the wake of a £500,000 SDT fine accepted by US law firm Looke Lord for allowing an employee to link the firm too closely to a dubious investment scheme [which alarmingly includes an admission of acting without integrity, even though the relevant employee has not even faced personal charges yet] the SRA’s Executive Director has been reported to say that “The tribunal is waking up to the importance of deterrence.” Presumably more ‘exemplary’ mega fines  are to be expected in future.

In the wake of lower court dismissals of his action (against a law firm) for procedural reasons, a litigant in person is taking his case to the Supreme Court, arguing for a dumbing down of court procedure rules to suit the lesser skills of unrepresented parties.

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Professional Risk Expertise

Mike Willis has worked with a diverse range of professions including...

The FMWL Approach …

  • Accurate understanding and technical analysis;
  • Focus on duty, causal event(s) and consequences; not gossip…
  • Sensitive but objective empathy;
  • Overarching commerciality; and
  • Clear aims, with vision where necessary to explore indirect routes to solutions.