PM Law COFA disqualified and ordered to pay £1350 costs
The Compliance Officer for Finance and Administration (COFA) at failed law firm PM Law has been disqualified from holding senior and compliance roles in law firms under section 99 of the Legal Services Act 2007, according to a Solicitors Regulation Authority decision published this week. Jonathon Bostock, a chartered accountant, was a non-lawyer manager and […]
Could client account uncertainty be impacting the appetite of private equity to invest in law?
Proposals to reform client account and use the interest to capitalise the justice system, including legal aid, could be affecting the appetite of private equity to invest in law firms. An article in the Sunday Times newspaper suggested private equity companies could be deterred from investing in law firms until the outcome of the Ministry […]
Higher divorce rate among older people complicating retirement plans, Key warns
Retirement options and later life lending are being complicated by the rising numbers of older people getting divorced, according to Key Equity Release. The divorce rate among those aged 65+ has doubled since the early 1990s, with almost one in five (17%) of divorces in the past five years involving couples married for 25 years […]
Ten years on from Ilott v Mitson: What can adult children actually claim?
In McDaniel v Talbot, the court applied the same established principles from Ilott, the leading case for claims by adult children under the Inheritance (Provision for Family and Dependants) Act 1975. Barny Croft, partner and head of charity legacy disputes at Birketts, explains the impact of both cases on future claims. Claims by adult […]