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NLJ this week: How solicitors can protect themselves during a recession

25 November 2022
Issue: 8004 / Categories: Legal News , Risk management , Profession , Legal services
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With economic storm clouds brewing, lawyers need to identify where they are exposed and how best to mitigate any weak spots. 

DAC Beachcroft partners Clare Hughes-Williams and Patrick Hill, writing in this week’s NLJ outline some of the difficulties typically encountered by law firms during a recession and advise on potential safeguards.

Hughes-Williams and Hill look at the need for strong financial governance (particularly in the wake of the collapse of Hodders Solicitors in September) and also warn of the possibility of ‘another round of claims by mortgage lenders, as we have seen during the last two recessions’. Equity release claims, which solicitors should treat with caution due to the potential risk of abuse, are reportedly on the rise again. Finally, the authors give advice on what to do in the event of cyber and ransomware attacks. 

See the full article here.

MOVERS & SHAKERS

NLJ career profile: Liz McGrath KC

NLJ career profile: Liz McGrath KC

A good book, a glass of chilled Albarino, and being creative for pleasure help Liz McGrath balance the rigours of complex bundles and being Head of Chambers

Burges Salmon—Matthew Hancock-Jones

Burges Salmon—Matthew Hancock-Jones

Firm welcomes director in its financial services financial regulatory team

Gateley Legal—Sam Meiklejohn

Gateley Legal—Sam Meiklejohn Premium Content

Partner appointment in firm’s equity capital markets team

NEWS

Law school partners with charity to give free assistance to litigants in need

Magic circle firms, in-house legal departments and litigation firms alike are embracing more flexible ways to manage surges of workloads, the success of Flex Legal has shown

Walkers and runners will take in some of London’s finest views at the 16th annual charity event

Law school partners with charity to give free assistance to litigants in need

Could the Labour government usher in a new era for digital assets, ask Keith Oliver, head of international, and Amalia Neenan FitzGerald, associate, Peters & Peters, in this week’s NLJ

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