• 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 June 2018

20 Jun 18

A DJ who exaggerated his hand injuries in his medical negligence claim has been imprisoned for 3 months.

The salary competition for young City lawyers is escalating, with some newly qualifieds now being offered more than £143k pa and 8-year-qualifieds almost £250k pa.

A barrister has had his six-month suspension from practice overturned and replaced by a £5k fine for ‘compromising his independence’ by giving his impoverished client money to pay for clothes and a college course.

Personal injury claims numbers are already falling, down by 7% in 1st quarter of 2018, ahead of proposed legislation to curb the compensation culture: The Civil Liability Bill has passed through the Lords by 13 votes. Meanwhile motor insurer Aviva has disclosed it rejects one in eight whiplash claims on suspicion of fraud, reflecting a 5.4% increase in fraudulent claim values last year. And the Financial Conduct Authority has announced a more rigorous supervision regime for claims management companies when it takes over their regulation next year.

The Employment Tribunal caseload has increased by almost 90% since the Supreme Court’s ruling last year that fees are unlawful; and it is now recruiting 50 more judges.

The profession grew by 2.5% last year to almost 140,000 practising solicitors, and there are now more women in practice than men.

Expanding international firm DWF has announced plans to go public; joined by the entrepreneurial Midlands ABS firm, Knights.

The Legal Services Board has strongly criticised the Law Society for various anomalies in its governance arrangements affecting the independence, and public interest priorities, of the Solicitors Regulation Authority.

The Lord Chief Justice has predicted that IT reforms will by 2023 produce “a more efficient and user-friendly justice system in all its areas  … with a significant widening of access to justice”. We’ll see… Meanwhile, the police and CPS have taken a battering for systemic failures to keep pace with volumes of relevant evidence stored on electronic devices.

Despite holding a different view on the point, the Law Society has issued guidance to lawyers to tow HMRC’s line and charge vat on electronic search fees, pending a higher court determination.

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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.