The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Law Society president Fiona Woolf has said slammed the draft regulations on the Third Money Laundering Directive as unworkable.
Woolf has written to Ed Balls, the lead minister for financial crime, to request an urgent meeting.
In a statement, Woolf said: "The Law Society will continue to press government to look again at these regulations. As currently drafted they will heap unnecessary regulatory burdens on solicitors and their corporate clients, significantly damaging competitiveness, particularly for city firms.
“In the interests of clarity, workability and the competitiveness of UK PLC, the City of London and the legal profession the Government must listen to practitioners and rewrite these regulations."
The Third European Money Laundering Directive was adopted by the European Commission late last year, and must be implemented into UK law by December 2007. It puts more onus on professionals such as lawyers to report suspected money laundering.