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Archive for October 7th, 2009

City lawyers welcome fresh look at regulation of corporate members

Times: City lawyers are quietly celebrating — at least those who are bothered about regulation. Lord Hunt of Wirral has given them exactly what they want in his report this week on how the profession should police itself.

David McIntosh, a past Law Society president, led the chorus of approval. The City of London Law Society, which he chairs, and its corporate members — a “high proportion of the UK’s and world’s leading commercial law firms” — welcome Hunt’s conclusions, he said. They look forward to working with a “renewed” Solicitors Regulation Authority (SRA) towards improved and more effective regulation of the practice of corporate law with the emphasis on compliance, not recrimination.

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Shoesmith launches legal challenge against Ed Balls

Guardian: Former director of children’s services at the centre of the Baby Peter case goes to the high court today to seek compensation for dismissal

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American law firm plans to put City’s traditional business model on trial

Times: One of America’s biggest law firms is defying the turmoil in the commercial legal market with plans to build a London office of more than 200 lawyers within three years.

Greenberg Traurig, the tenth biggest law firm in the United States, with 1,800 lawyers and revenue of $1.2 billion (£754 million), has hired Paul Maher, a highly regarded dealmaker who was formerly vice-chairman of Mayer Brown, another big American firm, to build a City office.

Mr Maher, 50, born into a working-class family in North London, rose to become one of London’s top mergers and acquisitions lawyers and a senior executive at Mayer Brown, where he earnt more than £1 million a year. He left the firm in April after he was passed over for the role of chairman.

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Lord Chief Justice demands tougher gun crime sentences

Times: Gun smugglers and suppliers are to face longer sentences after the Lord Chief Justice said yesterday that it should be easier for the courts to jail them for life.

Lord Judge’s tougher approach was spelt out when he said that criminals who used or dealt in firearms must receive “deterrent and punitive sentences”.

The courts had to confront the fact that firearms were too widely available and were being carried in the streets, he said, as he issued new sentencing guidance in the Court of Appeal in London, when rejecting a series of appeals against sentence by gun-crime offenders. He added that prosecutors should no longer have to prove that there was an intent to endanger life.

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