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.
The Finance Bill is once again poorly drafted, despite now being partly in the hands of private practice lawyers as part of the Government's drive for improvement, according to the Law Society.
Concerns also remain on specific tax matters in the proposed legislation, including inadequate appeal provisions and 'over the top' rule changes.
The society's revenue law committee said last week it "finds it unsatisfactory that, despite the current debate about simplification of tax legislation, the Finance Bill is again drafted in the same impenetrable style as previously. This demonstrates yet again the need for a new approach to drafting tax legislation."
The committee's comments follows condemnation from various sources last year, including Chancellor of the Exchequer Ken Clarke, that poorly drafted legislation in general and the Finance Bill in particular was a major problem to be addressed.
To the consternation of Parliamentary counsel, the Treasury farmed out the drafting of less contentious work last August. The committee's views are made in a memorandum published last week.